Solo Brands Inc. (NYSE: DTC) is 28.49% higher on its value in year-to-date trading and has touched a low of $3.39 and a high of $8.86 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The DTC stock was last observed hovering at around $5.04 in the last trading session, with the day’s loss setting it -0.26% off its average median price target of $10.00 for the next 12 months. It is also 60.17% off the consensus price target high of $12.00 offered by 6 analysts, but current levels are 46.89% higher than the price target low of $9.00 for the same period.
Currently trading at $4.78, the stock is -24.04% and -31.42% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.65 million and changing -5.16% at the moment leaves the stock -4.10% off its SMA200. DTC registered 22.88% gain for a year compared to 6-month gain of 13.27%. The firm has a 50-day simple moving average (SMA 50) of $1.04 and a 200-day simple moving average (SMA200) of $8.66.
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The stock witnessed a -38.56% loss in the last 1 month and extending the period to 3 months gives it a 17.44%, and is -7.54% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 4.22% over the week and 6.31% over the month.
Solo Brands Inc. (DTC) has around 350 employees, a market worth around $467.29M and $523.60M in sales. Fwd P/E is 4.19. Profit margin for the company is -0.40%. Distance from 52-week low is 41.00% and -46.02% from its 52-week high. The company has generated returns on investments over the last 12 months (-0.10%).
Solo Brands Inc. (DTC) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Solo Brands Inc. (DTC) is a “Buy”. 6 analysts offering their recommendations for the stock have an average rating of 1.30, where 0 rate it as a Hold and 0 think it is a “Overweight”. 6 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.
Solo Brands Inc. is expected to release its quarterly report on 08/10/2023.The EPS is expected to shrink by -168.90% this year
Solo Brands Inc. (DTC) Top Institutional Holders
The shares outstanding are 63.67M, and float is at 63.36M with Short Float at 3.85%.
Solo Brands Inc. (DTC) Insider Activity
A total of 6 insider transactions have happened at Solo Brands Inc. (DTC) in the last six months, with sales accounting for 0 and purchases happening 6 times. The most recent transaction is an insider sale by NB Alternatives Advisers LLC, the company’s 10% Owner. SEC filings show that NB Alternatives Advisers LLC sold 6,255,595 shares of the company’s common stock on May 16 at a price of $5.00 per share for a total of $31.28 million. Following the sale, the insider now owns 0.63 million shares.
Solo Brands Inc. disclosed in a document filed with the SEC on May 16 that BERTRAM GROWTH CAPITAL III, L. (10% Owner) sold a total of 4,903,450 shares of the company’s common stock. The trade occurred on May 16 and was made at $5.00 per share for $24.52 million. Following the transaction, the insider now directly holds 0.49 million shares of the DTC stock.
Still, SEC filings show that on May 16, BERTRAM GROWTH CAPITAL III ANN (10% Owner) disposed off 3,603,064 shares at an average price of $5.00 for $18.02 million. The insider now directly holds 361,301 shares of Solo Brands Inc. (DTC).
Solo Brands Inc. (DTC): Who are the competitors?
The company’s main competitors (and peers) include Amazon.com Inc. (AMZN) that is trading 10.47% up over the past 12 months and NIKE Inc. (NKE) that is 0.18% higher over the same period.
