Digital Brands Group Stock Price on April 15, 2024
| DBGI Stock | USD 2.75 0.07 2.48% |
If you're considering investing in Digital Stock, it is important to understand the factors that can impact its price. As of today, the current price of Digital Brands stands at 2.75, as last reported on the 2nd of May, with the highest price reaching 2.93 and the lowest price hitting 2.70 during the day. Digital Brands is abnormally volatile given 3 months investment horizon. Digital Brands Group secures Sharpe Ratio (or Efficiency) of 0.069, which denotes the company had a 0.069% return per unit of risk over the last 3 months. We were able to analyze and collect data for twenty-nine different technical indicators, which can help you to evaluate if expected returns of 1.3% are justified by taking the suggested risk. Use Digital Brands Mean Deviation of 6.95, downside deviation of 6.77, and Coefficient Of Variation of 1528.41 to evaluate company specific risk that cannot be diversified away.
As of now, Digital Brands' Other Stockholder Equity is increasing as compared to previous years. The Digital Brands' current Total Stockholder Equity is estimated to increase to about 1.7 M, while Common Stock is projected to decrease to 104.50. . As of now, Digital Brands' Price Fair Value is increasing as compared to previous years. Digital Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Digital |
Sharpe Ratio = 0.069
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | ||||
| Small Returns | DBGI | |||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns |
Estimated Market Risk
| 18.84 actual daily | 96 96% of assets are less volatile |
Expected Return
| 1.3 actual daily | 25 75% of assets have higher returns |
Risk-Adjusted Return
| 0.07 actual daily | 5 95% of assets perform better |
Based on monthly moving average Digital Brands is performing at about 5% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Digital Brands by adding it to a well-diversified portfolio.
Price Book 0.8729 | Enterprise Value Ebitda (1.06) | Price Sales 0.3073 | Shares Float 1.6 M | Earnings Share (20.46) |
Digital Brands Main Headline on 15th of April 2024
Digital Brands Group Reports Fourth Quarter and Fiscal Year ... by finance.yahoo.com
Digital Brands Group, Inc. , a curated collection of luxury lifestyle, digital-first brands, today reported financial results for its fourth quarter and fiscal year ended December 31, 2023.
Digital Brands Valuation on April 15, 2024
It is possible to determine the worth of Digital Brands on a given historical date. On April 15, 2024 Digital was worth 4.03 at the beginning of the trading date compared to the closed value of 4.0. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Digital Brands stock. Still, in general, we apply an absolute valuation method to find Digital Brands' value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Digital Brands where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Digital Brands' related companies.
| Open | High | Low | Close | Volume | |
| 3.98 | 4.64 | 3.98 | 4.21 | 326,321 | |
04/15/2024 | 4.03 | 4.38 | 3.82 | 4.00 | 160,456 |
| 3.66 | 3.75 | 3.01 | 3.28 | 162,015 |
| Backtest Digital Brands | | | Digital Brands History | | | Digital Brands Valuation | Previous | Next |
Digital Brands Trading Date Momentum on April 15, 2024
| On April 16 2024 Digital Brands Group was traded for 3.28 at the closing time. The top price for the day was 3.75 and the lowest listed price was 3.01 . The trading volume for the day was 162 K. The trading history from April 16, 2024 was a factor to the next trading day price decrease. The overall trading delta against the next closing price was 18.00% . The overall trading delta against the current closing price is 21.75% . |
Digital Brands Group Fundamentals Correlations and Trends
By evaluating Digital Brands' financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Digital Brands' main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Digital financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Digital Brands Stock history
Digital Brands investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Digital is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Digital Brands Group will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Digital Brands stock prices may prove useful in developing a viable investing in Digital Brands
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 424.4 K | 445.6 K | |
| Net Loss | -34.2 M | -32.5 M |
Digital Brands Stock Technical Analysis
Digital Brands technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Price Boundaries
Digital Brands Period Price Range
Low | April 15, 2024
| High |
4.03 | 4.00 |
Digital Brands May 2, 2024 Market Strength
Market strength indicators help investors to evaluate how Digital Brands stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Digital Brands shares will generate the highest return on investment. By undertsting and applying Digital Brands stock market strength indicators, traders can identify Digital Brands Group entry and exit signals to maximize returns
Digital Brands Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Digital Brands' price direction in advance. Along with the technical and fundamental analysis of Digital Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Digital to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.0516 | |||
| Jensen Alpha | 1.55 | |||
| Total Risk Alpha | (0.22) | |||
| Sortino Ratio | 0.168 | |||
| Treynor Ratio | (0.16) |
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Digital Brands Group. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in price. Note that the Digital Brands Group information on this page should be used as a complementary analysis to other Digital Brands' statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Economic Indicators module to top statistical indicators that provide insights into how an economy is performing.
Complementary Tools for Digital Stock analysis
When running Digital Brands' price analysis, check to measure Digital Brands' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Digital Brands is operating at the current time. Most of Digital Brands' value examination focuses on studying past and present price action to predict the probability of Digital Brands' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Digital Brands' price. Additionally, you may evaluate how the addition of Digital Brands to your portfolios can decrease your overall portfolio volatility.
| Insider Screener Find insiders across different sectors to evaluate their impact on performance | |
| Equity Forecasting Use basic forecasting models to generate price predictions and determine price momentum | |
| Crypto Correlations Use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins | |
| CEOs Directory Screen CEOs from public companies around the world | |
| Portfolio File Import Quickly import all of your third-party portfolios from your local drive in csv format | |
| Portfolio Backtesting Avoid under-diversification and over-optimization by backtesting your portfolios | |
| Watchlist Optimization Optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm | |
| Balance Of Power Check stock momentum by analyzing Balance Of Power indicator and other technical ratios | |
| Bond Analysis Evaluate and analyze corporate bonds as a potential investment for your portfolios. | |
| Correlation Analysis Reduce portfolio risk simply by holding instruments which are not perfectly correlated |
Is Digital Brands' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Digital Brands. If investors know Digital will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Digital Brands listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (20.46) | Revenue Per Share 35.147 | Quarterly Revenue Growth (0.54) | Return On Assets (0.27) |
The market value of Digital Brands Group is measured differently than its book value, which is the value of Digital that is recorded on the company's balance sheet. Investors also form their own opinion of Digital Brands' value that differs from its market value or its book value, called intrinsic value, which is Digital Brands' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Digital Brands' market value can be influenced by many factors that don't directly affect Digital Brands' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Digital Brands' value and its price as these two are different measures arrived at by different means. Investors typically determine if Digital Brands is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Digital Brands' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.