Digital Brands Group Stock Today
Digital Brands is selling for under 6.67 as of the 23rd of April 2024; that is 10.07 percent up since the beginning of the trading day. The stock's lowest day price was 6.06. Equity ratings for Digital Brands Group are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 24th of March 2024 and ending today, the 23rd of April 2024. Click here to learn more.
Business Domain Consumer Durables & Apparel | IPO Date 14th of May 2021 | Category Consumer Cyclical | Classification Consumer Discretionary |
Valuation Profit Patterns
Check how we calculate scores
Digital Stock Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Digital Brands' investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Digital Brands or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| Business Concentration | Apparel, Accessories & Luxury Goods, Consumer Durables & Apparel, Consumer Discretionary, Consumer Discretionary, Textiles, Apparel & Luxury Goods, Materials, Materials (View all Sectors) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Financial Strength Based on the key indicators related to Digital Brands' liquidity, profitability, solvency, and operating efficiency, Digital Brands Group is not in a good financial situation at this time. It has a very high probability of going through financial hardship in May. Financial strength of Digital Brands Group is based on its profitability, leverage, liquidity, source of funds, and operating efficiency.
| ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Digital Brands' financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to Digital Brands' success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Financial leverage usually refers to the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Digital Brands' financial leverage. It provides some insight into what part of Digital Brands' total assets is financed by creditors.
| ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Digital Brands Group (DBGIW) is traded on NASDAQ Exchange in USA. It is located in 1400 Lavaca Street, Austin, TX, United States, 78701 and employs 56 people. Digital Brands is listed under Apparel, Accessories & Luxury Goods category by Fama And French industry classification. The company currently falls under 'Micro-Cap' category with a current market capitalization of 40.38 M. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Digital Brands's market, we take the total number of its shares issued and multiply it by Digital Brands's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. Digital Brands Group classifies itself under Textiles, Apparel & Luxury Goods sector and is part of Consumer Discretionary industry. The entity has 0 outstanding shares of which 51 shares are currently shorted by private and institutional investors with about 0.0 days to cover all short positions.
Digital Brands generates negative cash flow from operations
Check Digital Brands Probability Of Bankruptcy
Digital Stock Price Odds Analysis
Depending on a normal probability distribution, the odds of Digital Brands jumping above the current price in 90 days from now is about 83.28%. The Digital Brands Group probability density function shows the probability of Digital Brands stock to fall within a particular range of prices over 90 days. Assuming the 90 days horizon the stock has a beta coefficient of 3.8793 suggesting as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Digital Brands will likely underperform. Moreover, digital Brands Group has an alpha of 1.499, implying that it can generate a 1.5 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
Based on a normal probability distribution, the odds of Digital Brands to move above the current price in 90 days from now is about 83.28 (This Digital Brands Group probability density function shows the probability of Digital Stock to fall within a particular range of prices over 90 days) .
Digital Brands Historical Income Statement
Digital Brands Group Income Statement is one of the three primary financial statements used for reporting Digital's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Digital Brands Group revenue and expense. Digital Brands Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At this time, Digital Brands' Tax Provision is fairly stable compared to the past year. Total Operating Expenses is likely to climb to about 19.8 M in 2024, whereas Depreciation And Amortization is likely to drop slightly above 2.3 M in 2024. View More FundamentalsDigital Stock Against Markets
Picking the right benchmark for Digital Brands stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Digital Brands stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Digital Brands is critical whether you are bullish or bearish towards Digital Brands Group at a given time. Please also check how Digital Brands' historical prices are related to one of the top price index indicators.
Digital Brands Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Digital Brands stock to make a market-neutral strategy. Peer analysis of Digital Brands could also be used in its relative valuation, which is a method of valuing Digital Brands by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Digital Brands Corporate Management
Elected by the shareholders, the Digital Brands' board of directors comprises two types of representatives: Digital Brands inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Digital. The board's role is to monitor Digital Brands' management team and ensure that shareholders' interests are well served. Digital Brands' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Digital Brands' outside directors are responsible for providing unbiased perspectives on the board's policies.
| John IV | Chief Officer | Profile | |
| Isadora Hu | Operations Secretary | Profile | |
| Reid Yeoman | Chief Officer | Profile | |
| Laura Dowling | Chief Officer | Profile | |
| Mark Lynn | Cofounder MA | Profile | |
| Baxter Ross | Director Technology | Profile |
How to buy Digital Stock?
Before investing in Digital Brands, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Digital Brands. To buy Digital Brands stock, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of Digital Brands. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase Digital Brands stock. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located Digital Brands Group stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased Digital Brands Group stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as Digital Brands Group, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments.
Already Invested in Digital Brands Group?
The danger of trading Digital Brands Group is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Digital Brands is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Digital Brands. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Digital Brands Group is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Digital Brands Group is a strong investment it is important to analyze Digital Brands' competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Digital Brands' future performance. For an informed investment choice regarding Digital Stock, refer to the following important reports: Check out Investing Opportunities to better understand how to build diversified portfolios. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in gross domestic product. You can also try the Share Portfolio module to track or share privately all of your investments from the convenience of any device.
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.
| Fundamentals Comparison Compare fundamentals across multiple equities to find investing opportunities | |
| Global Markets Map Get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes | |
| Bollinger Bands Use Bollinger Bands indicator to analyze target price for a given investing horizon | |
| AI Investment Finder Use AI to screen and filter profitable investment opportunities | |
| Efficient Frontier Plot and analyze your portfolio and positions against risk-return landscape of the market. | |
| Odds Of Bankruptcy Get analysis of equity chance of financial distress in the next 2 years | |
| Volatility Analysis Get historical volatility and risk analysis based on latest market data | |
| Watchlist Optimization Optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm | |
| Pattern Recognition Use different Pattern Recognition models to time the market across multiple global exchanges | |
| Idea Breakdown Analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes | |
| My Watchlist Analysis Analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like | |
| Portfolio File Import Quickly import all of your third-party portfolios from your local drive in csv format |
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.
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.