Digital Brands Group (NASDAQ:DBGI) Announces Earnings Results

by · The Cerbat Gem

Digital Brands Group (NASDAQ:DBGI – Get Free Report) posted its quarterly earnings data on Wednesday. The company reported ($1.06) earnings per share for the quarter, FiscalAI reports. The company had revenue of $1.32 million during the quarter. Digital Brands Group had a negative net margin of 382.78% and a negative return on equity of 296.72%.

Digital Brands Group Stock Performance

Shares of Digital Brands Group stock opened at $1.02 on Thursday. The company has a current ratio of 0.79, a quick ratio of 0.67 and a debt-to-equity ratio of 1.07. The business has a 50-day moving average price of $1.84 and a two-hundred day moving average price of $6.09. Digital Brands Group has a 1-year low of $0.98 and a 1-year high of $18.00. The company has a market cap of $21.83 million, a P/E ratio of -0.35 and a beta of 0.36.

Institutional Trading of Digital Brands Group

Large investors have recently bought and sold shares of the business. Dimensional Fund Advisors LP bought a new stake in shares of Digital Brands Group in the 1st quarter valued at $29,000. Cantor Fitzgerald L. P. bought a new stake in shares of Digital Brands Group in the 3rd quarter valued at $221,000. Connective Capital Management LLC bought a new position in shares of Digital Brands Group during the 4th quarter worth about $876,000. Geode Capital Management LLC acquired a new stake in shares of Digital Brands Group in the 4th quarter valued at about $890,000. Finally, Fifth Third Bancorp acquired a new stake in shares of Digital Brands Group in the 1st quarter valued at about $432,000. 1.56% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms recently weighed in on DBGI. Weiss Ratings restated a “sell (e+)” rating on shares of Digital Brands Group in a report on Monday, April 20th. Wall Street Zen downgraded Digital Brands Group from a “sell” rating to a “strong sell” rating in a report on Saturday, May 16th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock has an average rating of “Sell”.

Read Our Latest Analysis on Digital Brands Group

About Digital Brands Group

(Get Free Report)

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.

See Also