A share price of Solo Brands Inc [DTC] is currently trading at $1.00, up 2.92%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The DTC shares have gain 9.48% over the last week, with a monthly amount drifted -5.11%, and not seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Solo Brands Inc [NYSE: DTC] stock has seen the most recent analyst activity on February 02, 2024, when JP Morgan downgraded its rating to a Underweight. Previously, Jefferies downgraded its rating to Hold on January 10, 2024, and dropped its price target to $4. On January 10, 2024, downgrade downgraded it’s rating to Neutral and revised its price target to $4 on the stock. William Blair downgraded its rating to a Mkt Perform. Piper Sandler downgraded its rating to a Neutral. Craig Hallum downgraded its rating to Hold for this stock on January 08, 2024, but kept the price target unchanged to $5. In a note dated December 12, 2023, B. Riley Securities initiated an Neutral rating and provided a target price of $5.50 on this stock.
Solo Brands Inc experienced fluctuations in its stock price throughout the past year between $0.89 and $2.93. Currently, Wall Street analysts expect the stock to reach $3 within the next 12 months. Solo Brands Inc [NYSE: DTC] shares were valued at $1.00 at the most recent close of the market. An investor can expect a potential return of 200.0% based on the average DTC price forecast.
Analyzing the DTC fundamentals
Trailing Twelve Months sales for Solo Brands Inc [NYSE:DTC] were 476.33M which represents -14.67% decline. Gross Profit Margin for this corporation currently stands at 0.52% with Operating Profit Margin at -0.23%, Pretax Profit Margin comes in at -0.78%, and Net Profit Margin reading is -0.51%. To continue investigating profitability, this company’s Return on Assets is posted at -0.44, Equity is -1.09 and Total Capital is -0.25. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 1.16.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 0.9616 points at the first support level, and at 0.9270 for the second support level. However, for the 1st resistance point, the stock is sitting at 1.0143, and for the 2nd resistance point, it is at 1.0324.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Solo Brands Inc [NYSE:DTC] is 1.57. As well, the Quick Ratio is 0.60, while the Cash Ratio is 0.11. Considering the valuation of this stock, the price to sales ratio is 0.12, the price to book ratio is 0.35.
Transactions by insiders
Recent insider trading involved METZ CHRISTOPHER T, President & CEO, that happened on Aug 12 ’24 when 0.13 million shares were purchased. President & CEO, METZ CHRISTOPHER T completed a deal on Aug 09 ’24 to buy 0.12 million shares. Meanwhile, President & CEO METZ CHRISTOPHER T bought 52366.0 shares on Jun 11 ’24.
