Direct Digital Holdings Inc (NASDAQ: DRCT) is -18.87% lower on its value in year-to-date trading and has touched a low of $0.51 and a high of $35.88 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 DRCT stock was last observed hovering at around $1.32 in the last trading session, with the day’s loss setting it -0.03%.
Currently trading at $1.29, the stock is -28.94% and -18.48% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.97 million and changing -2.27% at the moment leaves the stock -62.18% off its SMA200. DRCT registered -87.10% loss for a year compared to 6-month loss of -68.30%. The firm has a 50-day simple moving average (SMA 50) of $1.58242 and a 200-day simple moving average (SMA200) of $3.41076.
The stock witnessed a 95.16% gain in the last 1 month and extending the period to 3 months gives it a -53.43%, and is -21.34% 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 24.99% over the week and 70.09% over the month.
Direct Digital Holdings Inc (DRCT) has around 90 employees, a market worth around $6.17M and $94.22M in sales. Profit margin for the company is -5.61%. Distance from 52-week low is 152.84% and -96.41% from its 52-week high.
with sales reaching $12.31M over the same period.The EPS is expected to shrink by -1474.36% this year, but quarterly earnings will post -58.30% year-over-year. Quarterly sales are estimated to shrink -69.98% in year-over-year returns.
Direct Digital Holdings Inc (DRCT) Top Institutional Holders
16.0 institutions hold shares in Direct Digital Holdings Inc (DRCT), with institutional investors hold 9.04% of the company’s shares. The shares outstanding are 3.80M, and float is at 3.61M with Short Float at 6.45%. Institutions hold 7.51% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 0.14 million shares valued at $0.56 million. The investor’s holdings represent 0.9651% of the DRCT Shares outstanding. As of 2024-06-30, the second largest holder is AMERIPRISE FINANCIAL INC with 38260.0 shares valued at $0.15 million to account for 0.2676 of the shares outstanding. The other top investors are GEODE CAPITAL MANAGEMENT, LLC which holds 35722.0 shares representing 0.2499% and valued at over $0.14 million, while PRIVIUM FUND MANAGEMENT (UK) LTD holds 0.1464 of the shares totaling 20925.0 with a market value of $91024.0.
Direct Digital Holdings Inc (DRCT) Insider Activity
The most recent transaction is an insider sale by Leatherberry Antoinette Renee, the company’s Director. SEC filings show that Leatherberry Antoinette Renee sold 7,038 shares of the company’s common stock on Dec 18 ’24 at a price of $0.85 per share for a total of $5982.0. Following the sale, the insider now owns 55812.0 shares.
Direct Digital Holdings Inc disclosed in a document filed with the SEC on Dec 18 ’24 that Locke Mistelle (Director) sold a total of 7,048 shares of the company’s common stock. The trade occurred on Dec 18 ’24 and was made at $0.85 per share for $5991.0. Following the transaction, the insider now directly holds 30201.0 shares of the DRCT stock.
Still, SEC filings show that on Dec 18 ’24, Cohen Richard (Director) disposed off 7,057 shares at an average price of $0.85 for $5998.0. The insider now directly holds 55,905 shares of Direct Digital Holdings Inc (DRCT).
