Digital Brands Group (NASDAQ:DBGI) Shares Up 49.4% - Time to Buy?
Digital Brands Group (NASDAQ:DBGI) shares surged 49.4% during trading, reaching a high of $14.94 before closing at $13.89. The trading volume was approximately 123,664 shares, down 15% from the average. The company has a market cap of $57.60 million and a negative price-to-earnings ratio. Analysts currently rate the stock as a Hold, suggesting that there are better investment options available. Digital Brands Group specializes in apparel products across various brands.
Digital Brands Group, Inc. (NASDAQ:DBGI - Get Free Report)'s share price was up 49.4% during trading on Tuesday . The company traded as high as $14.94 and last traded at $13.89. Approximately 123,664 shares were traded during trading, a decline of 15% from the average daily volume of 146,274 shares. The stock had previously closed at $9.30.
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Digital Brands Group Stock Performance
The firm has a market capitalization of $57.60 million, a price-to-earnings ratio of -0.02 and a beta of 0.16. The company has a quick ratio of 0.06, a current ratio of 0.29 and a debt-to-equity ratio of 7.88. The stock has a 50-day moving average price of $8.91 and a 200 day moving average price of $5.44.
About Digital Brands Group
(Get Free Report)Digital Brands Group, Inc engages in the provision of apparel products under various brands on direct-to-consumer and wholesale basis. It operates through DSTLD, Bailey, H&J, Stateside, and Sundry segments. The company designs, manufactures, and sells women's apparel, such as tops, sweaters, dresses, jumpsuits, bottoms, sets, jackets, rompers, suiting, sportswear, shirts, jackets, pants, shorts, polos, T-shirts, skirts, athleisure bottoms, denims, and other accessory products, as well as suiting for men.
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