Solo Brands Inc (NYSE: DTC) is -81.65% lower on its value in year-to-date trading and has touched a low of $0.19 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 $0.23 in the last trading session, with the day’s loss setting it -0.02%.
Currently trading at $0.21, the stock is -62.69% and -74.58% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.4 million and changing -9.71% at the moment leaves the stock -84.87% off its SMA200. DTC registered -89.69% loss for a year compared to 6-month loss of -86.68%. The firm has a 50-day simple moving average (SMA 50) of $0.823 and a 200-day simple moving average (SMA200) of $1.3829.
The stock witnessed a -76.44% gain in the last 1 month and extending the period to 3 months gives it a -81.49%, and is -4.91% 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 19.03% over the week and 15.71% over the month.
Solo Brands Inc (DTC) has around 526 employees, a market worth around $19.30M and $454.55M in sales. Fwd P/E is 1.35. Profit margin for the company is -24.94%. Distance from 52-week low is 9.53% and -91.86% from its 52-week high. The company has generated returns on investments over the last 12 months (-37.97%).
with sales reaching $80.03M over the same period.The EPS is expected to shrink by -141.67% this year, but quarterly earnings will post -3.26% year-over-year. Quarterly sales are estimated to shrink -6.20% in year-over-year returns.
117.0 institutions hold shares in Solo Brands Inc (DTC), with institutional investors hold 109.63% of the company’s shares. The shares outstanding are 58.80M, and float is at 27.70M with Short Float at 10.03%. Institutions hold 107.35% 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).
