Direct Digital Holdings Inc (NASDAQ: DRCT) is 2.42% higher on its value in year-to-date trading and has touched a low of $1.96 and a high of $35.88 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 DRCT stock was last observed hovering at around $16.04 in the last trading session, with the day’s loss setting it -0.8%.
Currently trading at $15.24, the stock is -39.98% and -17.04% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.3 million and changing -4.99% at the moment leaves the stock 82.08% off its SMA200. DRCT registered 398.04% gain for a year compared to 6-month gain of 514.52%. The firm has a 50-day simple moving average (SMA 50) of $1.61 and a 200-day simple moving average (SMA200) of $20.91.
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 -29.05% loss in the last 1 month and extending the period to 3 months gives it a 1.74%, and is -47.08% 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 18.64% over the week and 15.70% over the month.
Direct Digital Holdings Inc (DRCT) has around 69 employees, a market worth around $45.57M and $157.11M in sales. Current P/E ratio is 109.25 and Fwd P/E is 39.58. Profit margin for the company is 1.26%. Distance from 52-week low is 677.55% and -57.53% from its 52-week high. The company has generated returns on investments over the last 12 months (6.27%).
Direct Digital Holdings Inc quarterly earnings per share for the current quarter are estimated at -$0.1 with sales reaching $27.96M over the same period.The EPS is expected to grow by 35.90% this year, but quarterly earnings will post 27.30% year-over-year. Quarterly sales are estimated to grow 31.70% in year-over-year returns.
28 institutions hold shares in Direct Digital Holdings Inc (DRCT), with institutional investors hold 18.95% of the company’s shares. The shares outstanding are 3.48M, and float is at 2.54M with Short Float at 9.64%. Institutions hold 16.52% of the Float.
The top institutional shareholder in the company is Vanguard Group Inc with over 0.12 million shares valued at $0.35 million. The investor’s holdings represent 4.12% of the DRCT Shares outstanding. As of Jun 29, 2023, the second largest holder is Renaissance Technologies, LLC with 72700.0 shares valued at $0.21 million to account for 2.43% of the shares outstanding. The other top investors are Perritt Capital Management, Inc. which holds 40000.0 shares representing 1.34% and valued at over $0.11 million, while Geode Capital Management, LLC holds 0.89% of the shares totaling 26535.0 with a market value of $75624.0.
Direct Digital Holdings Inc (DRCT) Insider Activity
The most recent transaction is an insider sale by SMITH W KEITH, the company’s President. SEC filings show that SMITH W KEITH sold 41,348 shares of the company’s common stock on Dec 12 ’23 at a price of $10.22 per share for a total of $0.42 million. Following the sale, the insider now owns 0.13 million shares.
Direct Digital Holdings Inc disclosed in a document filed with the SEC on Dec 11 ’23 that SMITH W KEITH (President) sold a total of 77,930 shares of the company’s common stock. The trade occurred on Dec 11 ’23 and was made at $11.13 per share for $0.87 million. Following the transaction, the insider now directly holds 0.17 million shares of the DRCT stock.
