Currently, Direct Digital Holdings Inc [DRCT] is trading at $5.50, up 900.00%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The DRCT shares have gain 732.07% over the last week, with a monthly amount glided 362.18%, and seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Direct Digital Holdings Inc [NASDAQ: DRCT] stock has seen the most recent analyst activity on March 27, 2024, when Noble Capital Markets downgraded its rating to a Market Perform.
This stock has fluctuated between a low of $0.51 and a high of $35.88 over the last 52 weeks. Currently, Wall Street analysts expect the stock to reach $8 within the next 12 months. Direct Digital Holdings Inc [NASDAQ: DRCT] shares were valued at $5.50 at the most recent close of the market. An investor can expect a potential return of 45.45% based on the average DRCT price forecast.
Analyzing the DRCT fundamentals
Trailing Twelve Months sales for Direct Digital Holdings Inc [NASDAQ:DRCT] were 94.22M which represents -84.74% decline. Gross Profit Margin for this corporation currently stands at 0.2% with Operating Profit Margin at -0.09%, Pretax Profit Margin comes in at -0.09%, and Net Profit Margin reading is -0.06%. To continue investigating profitability, this company’s Return on Assets is posted at -0.17, Equity is 3.02 and Total Capital is 0.61. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at -11.95.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. However, for the 1st resistance point, the stock is sitting at 7.1300, and for the 2nd resistance point, it is at 8.7700.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Direct Digital Holdings Inc [NASDAQ:DRCT] is 0.25. Also, the Quick Ratio is 0.25, while the Cash Ratio stands at 0.09. Considering the valuation of this stock, the price to sales ratio is 0.22.
Transactions by insiders
Recent insider trading involved Leatherberry Antoinette Renee, Director, that happened on Dec 18 ’24 when 7038.0 shares were sold. Director, Locke Mistelle completed a deal on Dec 18 ’24 to sell 7048.0 shares. Meanwhile, Director Cohen Richard sold 7057.0 shares on Dec 18 ’24.
