As of Friday, Digital Brands Group Inc.’s (NASDAQ:DBGI) stock closed at $4.22, down from $4.40 the previous day. While Digital Brands Group Inc. has underperformed by -4.09%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, DBGI fell by -98.17%, with highs and lows ranging from $275.00 to $3.21, whereas the simple moving average fell by -86.71% in the last 200 days.
Analysis of Digital Brands Group Inc. (DBGI)
Further, the quarter-over-quarter increase in sales is 54.50%, showing a positive trend in the upcoming months.
One of the most important indicators of Digital Brands Group Inc.’s future performance is equity, which can be evaluated using several well-rounded types of analysis and research techniques. The goal here is to ensure that your current return on equity of 265.90% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 0.00, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
For any stock, average volume can also provide valuable insight into volatility, and DBGI is recording 2.02M average volume. On a monthly basis, the volatility of the stock is set at 17.58%, whereas on a weekly basis, it is put at 21.72%, with a loss of -8.66% over the past seven days.
How Do You Analyze Digital Brands Group Inc. Shares?
Along with the fundamentals, it is also important to consider how many employees own shares of the company. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 2.41%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 1.80% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
Are institutional investors increasing their holdings in DBGI shares?
The recent increase in stakes in DBGI appears to be a result of several institutional investors and hedge funds increasing their positions. During the last quarter, the company dropped down 3,254 additional shares for a total stake of worth $11812.0, bringing number of shares owned by the company to 3,254.
During the first quarter, The Vanguard Group, Inc. subtracted a -1,065 position in DBGI. Virtu Financial BD LLC sold an additional 942.0 shares in the last quarter, decreasing its holdings by -34.11%, now holding 1820.0 shares worth $6607.0. DBGI shares are owned by institutional investors to the tune of 1.80% at present.