dotdigital Group (LON:DOTD) Shares Cross Below 200 Day Moving Average - What's Next?

Key Points

• dotdigital Group's share price has dropped below its 200-day moving average of GBX 75.23, trading as low as GBX 65 on Friday.
• Despite the recent decline, Canaccord Genuity Group maintains a "buy" rating with a target price of GBX 150 for dotdigital Group shares.
• Dotdigital Group plc has a market cap of £204.19 million and a notably high price-to-earnings ratio of 1,849.58, indicating potential volatility in its stock performance.

dotdigital Group Plc (LON:DOTD - Get Free Report) passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 75.23 ($1.02) and traded as low as GBX 65 ($0.88). dotdigital Group shares last traded at GBX 66.40 ($0.90), with a volume of 457,807 shares.

Analyst Ratings Changes

Separately, Canaccord Genuity Group reiterated a "buy" rating and set a GBX 150 target price on shares of dotdigital Group in a research note on Monday, July 28th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, dotdigital Group currently has an average rating of "Buy" and a consensus target price of GBX 150.

dotdigital Group Stock Performance

The stock has a 50 day simple moving average of GBX 70.82 and a 200 day simple moving average of GBX 74.53. The company has a current ratio of 3.05, a quick ratio of 3.94 and a debt-to-equity ratio of 3.24. The stock has a market cap of £199.88 million, a P/E ratio of 1,810.58, a price-to-earnings-growth ratio of 11.36 and a beta of 1.16.

About dotdigital Group

Dotdigital Group plc AIM: DOTD is a leading provider of cross-channel marketing automation technology to marketing professionals. Dotdigital's customer experience and data platform (CXDP) combines the power of automation and AI to help businesses deliver hyper-relevant customer experiences at scale.