Digital Brands Group (NASDAQ:DBGI) Stock Price Down 14.4% - Should You Sell?

Key Points

• Down 14.4% intraday—DBGI plunged to as low as $7.30 and last traded at $8.39 on a heavy volume spike of 592,561 shares (about +151% vs. average).
• Analyst and financial headwinds: Weiss Ratings reiterated a "Sell" and the company shows weak fundamentals including a market cap of $68.7M, a ($1.18) EPS, deeply negative margins/ROE and thin liquidity (current ratio 0.81).
• Institutional interest is low at about 1.56% ownership, though Goldstone Financial recently bought 42,389 shares (~$348k), suggesting limited but new hedge-fund exposure.

Digital Brands Group, Inc. (NASDAQ:DBGI - Get Free Report) shares fell 14.4% during mid-day trading on Wednesday . The stock traded as low as $7.30 and last traded at $8.39. 592,561 shares traded hands during trading, an increase of 151% from the average session volume of 236,165 shares. The stock had previously closed at $9.80.

Analyst Ratings Changes

Separately, Weiss Ratings restated a "sell (e+)" rating on shares of Digital Brands Group in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company currently has a consensus rating of "Sell".

Digital Brands Group Trading Down 14.4%

The firm has a market cap of $68.71 million, a P/E ratio of -2.88 and a beta of 0.30. The stock has a 50 day simple moving average of $10.41 and a 200-day simple moving average of $9.67. The company has a current ratio of 0.81, a quick ratio of 0.63 and a debt-to-equity ratio of 0.01.

Digital Brands Group (NASDAQ:DBGI - Get Free Report) last posted its earnings results on Friday, November 14th. The company reported ($1.18) earnings per share for the quarter. Digital Brands Group had a negative net margin of 164.57% and a negative return on equity of 186.24%. The business had revenue of $1.65 million during the quarter.

Institutional Trading of Digital Brands Group

A hedge fund recently bought a new stake in Digital Brands Group stock. Goldstone Financial Group LLC bought a new stake in shares of Digital Brands Group, Inc. (NASDAQ:DBGI - Free Report) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 42,389 shares of the company's stock, valued at approximately $348,000. Goldstone Financial Group LLC owned about 0.94% of Digital Brands Group as of its most recent filing with the Securities & Exchange Commission. 1.56% of the stock is currently owned by institutional investors and hedge funds.

About Digital Brands Group

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.