Solo Brands Inc (NYSE: DTC) is -65.58% lower on its value in year-to-date trading and has touched a low of $2.39 and a high of $8.86 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The DTC stock was last observed hovering at around $2.41 in the last trading session, with the day’s loss setting it -0.29%.
Currently trading at $2.12, the stock is -18.51% and -30.03% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.39 million and changing -12.03% at the moment leaves the stock -53.93% off its SMA200. DTC registered -68.31% loss for a year compared to 6-month loss of -55.37%. The firm has a 50-day simple moving average (SMA 50) of $0.58 and a 200-day simple moving average (SMA200) of $2.93.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
The stock witnessed a -23.47% gain in the last 1 month and extending the period to 3 months gives it a -58.51%, and is -13.47% 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 6.76% over the week and 5.17% over the month.
Solo Brands Inc (DTC) has around 350 employees, a market worth around $122.43M and $494.78M in sales. Fwd P/E is 3.58. Profit margin for the company is -22.50%. Distance from 52-week low is -11.30% and -76.06% from its 52-week high. The company has generated returns on investments over the last 12 months (-27.23%).
Solo Brands Inc quarterly earnings per share for the current quarter are estimated at $0.17 with sales reaching $166.15M over the same period.The EPS is expected to shrink by -9.00% this year, but quarterly earnings will post -4.30% year-over-year. Quarterly sales are estimated to shrink -15.80% in year-over-year returns.
158 institutions hold shares in Solo Brands Inc (DTC), with institutional investors hold 125.76% of the company’s shares. The shares outstanding are 57.95M, and float is at 26.38M with Short Float at 16.39%. Institutions hold 124.76% of the Float.
The top institutional shareholder in the company is Summit Partners, L.P. with over 44.03 million shares valued at $249.24 million. The investor’s holdings represent 76.35% of the DTC Shares outstanding. As of Jun 29, 2023, the second largest holder is American Century Companies, Inc. with 3.61 million shares valued at $20.42 million to account for 6.26% of the shares outstanding. The other top investors are Vanguard Group Inc which holds 1.53 million shares representing 2.65% and valued at over $8.66 million, while Marshall Wace LLP holds 2.27% of the shares totaling 1.31 million with a market value of $7.4 million.
Solo Brands Inc (DTC) Insider Activity
The most recent transaction is an insider sale by Webb Somer, the company’s Chief Financial Officer. SEC filings show that Webb Somer sold 115,537 shares of the company’s common stock on Nov 09 ’23 at a price of $4.35 per share for a total of $0.5 million. Following the sale, the insider now owns 58793.0 shares.
Solo Brands Inc disclosed in a document filed with the SEC on May 16 ’23 that NB Alternatives Advisers LLC (10% Owner) sold a total of 6,255,595 shares of the company’s common stock. The trade occurred on May 16 ’23 and was made at $5.00 per share for $31.28 million. Following the transaction, the insider now directly holds 0.63 million shares of the DTC stock.
Still, SEC filings show that on May 16 ’23, BERTRAM GROWTH CAPITAL III, L. (10% Owner) disposed off 4,903,450 shares at an average price of $5.00 for $24.52 million. The insider now directly holds 491,697 shares of Solo Brands Inc (DTC).
