Digital Brands Group (NASDAQ:DBGI) Shares Up 2.1% – Should You Buy?

Digital Brands Group, Inc. (NASDAQ:DBGI)’s share price traded up 2.1% on Monday . The company traded as high as $12.09 and last traded at $11.92. 72,599 shares changed hands during trading, a decline of 40% from the average session volume of 121,310 shares. The stock had previously closed at $11.67.

Analyst Ratings Changes

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

Digital Brands Group Stock Up 10.4%

The company has a current ratio of 0.81, a quick ratio of 0.63 and a debt-to-equity ratio of 0.01. The stock has a market cap of $103.85 million, a P/E ratio of -4.36 and a beta of 0.38. The company’s 50 day moving average price is $8.43 and its two-hundred day moving average price is $9.20.

Digital Brands Group (NASDAQ:DBGI) last announced its earnings results on Friday, November 14th. The company reported ($1.18) earnings per share (EPS) 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 for the quarter.

Institutional Investors Weigh In On Digital Brands Group

A hedge fund recently bought a new stake in Digital Brands Group stock. Cantor Fitzgerald L. P. bought a new stake in shares of Digital Brands Group, Inc. (NASDAQ:DBGI) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 27,000 shares of the company’s stock, valued at approximately $221,000. Cantor Fitzgerald L. P. owned approximately 0.43% of Digital Brands Group as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors own 1.56% of the company’s stock.

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.