Digital Brands Group Inc. (NASDAQ:DBGI) does about 2.37M shares in volume on a normal day but saw 13731071 shares change hands in Monday trading. The company now has a market cap of 10.58M USD. Its current market price is $2.99, marking an increase of 16.34% compared to the previous close of $2.57. The 52 week high reached by this stock is $208.00 whilst the lowest price level in 52 weeks is $2.38. The script in recent trading has seen the stock touch a high of $3.58 and a low of $2.81.
Digital Brands Group Inc. (DBGI) has a 20-day trading average at $3.65 and the current price is -98.56% off the 52-week high compared with 25.63% distance from its 52-week low. The 50-day simple moving average of the closing price is $4.08 and its 200-day simple moving average is $19.76. If we look at the stock’s price movements over the week, volatility stands at 17.82%, which decreases to 14.87% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 40.37 to suggest the stock is neutral.
The current price level is -18.90%, -27.39%, and -85.33% away from its SMA20, SMA50, and SMA200 respectively, with the DBGI price moving above the 50-day SMA on January 23. Digital Brands Group Inc. (DBGI) stock is down -11.28% over the week and -19.41% over the past month. Its price is -29.15% year-to-date and -97.72% over the past year.
Outstanding shares total 3.50M with insiders holding 6.86% of the shares and institutional holders owning 10.02% of the company’s common stock. The company has a return on investment of -259.50% and return on equity of 265.90%. Price to sales ratio is 0.72.
Fidelity Extended Market Index Fu cut their holdings by -0.76% in the company over the course of the most recent quarter. It now holds a 0.01% position in Digital Brands Group Inc. thanks to 131.0 shares amounting to $553.0.