Digital Brands Group (NASDAQ:DBGI – Get Free Report) posted its quarterly earnings results on Wednesday. The company reported ($13.59) earnings per share for the quarter, FiscalAI reports. Digital Brands Group had a negative net margin of 768.25% and a negative return on equity of 429.30%. The company had revenue of $1.21 million during the quarter.
Digital Brands Group Trading Down 19.8%
DBGI opened at $9.50 on Friday. The stock has a market capitalization of $5.13 million and a P/E ratio of -0.09. Digital Brands Group has a 12 month low of $7.46 and a 12 month high of $720.00. The firm’s fifty day simple moving average is $22.96 and its 200 day simple moving average is $72.86.
Insider Activity
In other news, CEO John Hilburn Iv Davis purchased 15,458 shares of the company’s stock in a transaction on Wednesday, June 10th. The shares were purchased at an average price of $45.20 per share, with a total value of $698,701.60. Following the purchase, the chief executive officer directly owned 17,211 shares of the company’s stock, valued at $777,937.20. This trade represents a 881.80% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 0.01% of the stock is owned by corporate insiders.
Institutional Investors Weigh In On Digital Brands Group
Wall Street Analysts Forecast Growth
A number of research analysts recently issued reports on DBGI shares. Wall Street Zen cut shares of Digital Brands Group from a “sell” rating to a “strong sell” rating in a report on Saturday, May 16th. Weiss Ratings restated a “sell (e+)” rating on shares of Digital Brands Group in a research report on Friday, July 17th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock has an average rating of “Sell”.
View Our Latest Research Report on DBGI
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.
Featured Stories
- Five stocks we like better than Digital Brands Group
- Coherent Stock Is Cooling Off Just as Its AI Thermal Opportunity Heats Up
- Moderna’s 177% Surge Has Investors Asking What Comes Next
- 3 Energy Stocks Raising Dividends as the Sector Surges
- 5 Reasons the S&P 500 Could Keep Rallying Through Year-End
Receive News & Ratings for Digital Brands Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Digital Brands Group and related companies with MarketBeat.com's FREE daily email newsletter.
