Digital Brands Group (NASDAQ:DBGI) Stock Price Down 13.8% – What’s Next?

Shares of Digital Brands Group, Inc. (NASDAQ:DBGI) traded down 13.8% on Monday . The company traded as low as $4.99 and last traded at $5.17. 976,201 shares traded hands during mid-day trading, a decline of 47% from the average session volume of 1,848,214 shares. The stock had previously closed at $6.00.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Digital Brands Group in a research report on Friday, July 17th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Sell”.

Digital Brands Group Price Performance

The firm has a market cap of $4.81 million, a P/E ratio of -0.06 and a beta of -0.02. The company has a debt-to-equity ratio of 9.04, a current ratio of 0.58 and a quick ratio of 0.41. The stock’s 50-day simple moving average is $14.62 and its two-hundred day simple moving average is $46.45.

Digital Brands Group (NASDAQ:DBGI) last released its earnings results on Wednesday, August 19th. The company reported ($13.59) earnings per share (EPS) for the quarter. Digital Brands Group had a negative return on equity of 561.70% and a negative net margin of 768.25%.The firm had revenue of $1.21 million during the quarter.

Institutional Trading of Digital Brands Group

Several institutional investors have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP purchased a new stake in shares of Digital Brands Group in the first quarter worth approximately $29,000. Fifth Third Bancorp bought a new stake in shares of Digital Brands Group during the 1st quarter worth approximately $432,000. Finally, Connective Capital Management LLC purchased a new position in Digital Brands Group during the 4th quarter valued at $876,000. Institutional investors own 1.56% of the company’s stock.

Digital Brands Group Company Profile

Digital Brands Group Inc (NASDAQ: DBGI) operates as a digital consumption platform focused on acquiring, operating and scaling digitally native consumer brands. The company seeks to partner with emerging and established brands across categories such as fashion, home & lifestyle, health & wellness, and consumer electronics. By leveraging a centralized operating model, Digital Brands Group aims to drive revenue growth, expand market reach and enhance customer engagement for its portfolio companies.

At the core of Digital Brands Group’s strategy is its expertise in e-commerce, digital marketing and data analytics.