Solo Brands Inc (NYSE: DTC) is -80.70% lower on its value in year-to-date trading and has touched a low of $0.23 and a high of $2.57 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 $0.24 in the last trading session, with the day’s loss setting it -0.02%.
Currently trading at $0.22, the stock is -70.29% and -75.97% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.94 million and changing -9.54% at the moment leaves the stock -84.56% off its SMA200. DTC registered -91.13% loss for a year compared to 6-month loss of -84.72%. The firm has a 50-day simple moving average (SMA 50) of $0.91562 and a 200-day simple moving average (SMA200) of $1.425005.
The stock witnessed a -76.47% gain in the last 1 month and extending the period to 3 months gives it a -81.36%, and is -69.14% 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 30.70% over the week and 12.61% over the month.
Solo Brands Inc (DTC) has around 400 employees, a market worth around $20.16M and $476.33M in sales. Fwd P/E is 1.42. Profit margin for the company is -42.03%. Distance from 52-week low is -5.98% and -91.44% from its 52-week high. The company has generated returns on investments over the last 12 months (-58.20%).
The EPS is expected to shrink by -141.67% this year
118.0 institutions hold shares in Solo Brands Inc (DTC), with institutional investors hold 110.83% of the company’s shares. The shares outstanding are 58.56M, and float is at 27.41M with Short Float at 10.13%. Institutions hold 108.50% of the Float.
The top institutional shareholder in the company is SUMMIT PARTNERS L P with over 44.03 million shares valued at $100.4 million. The investor’s holdings represent 75.5433 of the DTC Shares outstanding. As of 2024-06-30, the second largest holder is AMERICAN CENTURY COMPANIES INC with 5.56 million shares valued at $12.68 million to account for 9.5405 of the shares outstanding. The other top investors are BOSTON PARTNERS which holds 2.01 million shares representing 3.4437 and valued at over $4.65 million, while VANGUARD GROUP INC holds 2.7121 of the shares totaling 1.57 million with a market value of $3.59 million.
Solo Brands Inc (DTC) Insider Activity
The most recent transaction is an insider purchase by METZ CHRISTOPHER T, the company’s President & CEO. SEC filings show that METZ CHRISTOPHER T bought 134,826 shares of the company’s common stock on Aug 12 ’24 at a price of $1.30 per share for a total of $0.18 million. Following the purchase, the insider now owns 0.5 million shares.
Solo Brands Inc disclosed in a document filed with the SEC on Aug 09 ’24 that METZ CHRISTOPHER T (President & CEO) bought a total of 115,174 shares of the company’s common stock. The trade occurred on Aug 09 ’24 and was made at $1.30 per share for $0.15 million. Following the transaction, the insider now directly holds 0.37 million shares of the DTC stock.
Still, SEC filings show that on Jun 11 ’24, METZ CHRISTOPHER T (President & CEO) acquired 52,366 shares at an average price of $1.94 for $0.1 million. The insider now directly holds 152,366 shares of Solo Brands Inc (DTC).
