Dolphin Entertainment, Inc. (NASDAQ:DLPN) has a beta value of 4.95 and has seen 1,726,274 shares traded in the last trading session. The company, currently valued at $20.03 Million, closed the last trade at $0.87 per share which meant it lost $0 on the day or -5.28% during that session. The DLPN stock price is -186.21% off its 52-week high price of $2.49 and 62.07% above the 52-week low of $0.33. If we look at the company’s 10-day average daily trading volume, we find that it stood at 4.82 Million shares traded. The 3-month trading volume is 1.84 Million shares.
The consensus among analysts is that Dolphin Entertainment, Inc. (DLPN) is a Buy stock at the moment, with a recommendation rating of 1.7. None of the analysts rate the stock as a Sell, while none rate it as Overweight. None out of 3 have rated it as a Hold, with 3 advising it as a Buy. None have rated the stock as Underweight. The expected earnings per share for the stock is -$0.05.
Dolphin Entertainment, Inc. (NASDAQ:DLPN) trade information
Despite being -5.28% in the red today, the stock has traded in the green over the last five days, with the highest price hit on Wednesday, Jun 24 when the DLPN stock price touched $1.05 or saw a rise of 17.37%. Year-to-date, Dolphin Entertainment, Inc. shares have moved 23.94%, while the 5-day performance has seen it change -11.12%. Over the past 30 days, the shares of Dolphin Entertainment, Inc. (NASDAQ:DLPN) have changed 62.17%. Short interest in the company has seen 301.13 Million shares shorted with days to cover at 163.66.
Wall Street analysts have a consensus price target for the stock at $1.55, which means that the shares’ value could jump 78.16% from current levels. The projected low price target is $1.5 while the price target rests at a high of $1.6. In that case, then, we find that the current price level is +83.91% off the targeted high while a plunge would see the stock lose 72.41% from current levels.
Dolphin Entertainment, Inc. (DLPN) estimates and forecasts
Figures show that Dolphin Entertainment, Inc. shares have outperformed across the wider relevant industry. The company’s shares have gained +53.5% over the past 6 months, with this year growth rate of NA%, compared to 10% for the industry. Other than that, the company has, however, lowered its growth outlook for the 2020 fiscal year revenue. Growth estimates for the current quarter are -600% and -66.7% for the next quarter. Revenue growth from the last financial year stood is estimated to be -1.7%.
3 analysts offering their estimates for the company have set an average revenue estimate of $6.5 Million for the current quarter. 3 have an estimated revenue figure of $4.44 Million for the next quarter concluding in June 01, 2020. Year-ago sales stood $6.32 Million for this quarter, and analysts expect sales will grow by 2.9% for the current quarter.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was +37.1% over the past 5 years. Earnings growth for 2020 is a modest +57.2% while over the next 5 years, the company’s earnings are expected to increase by 0%.
Dolphin Entertainment, Inc. (NASDAQ:DLPN)’s Major holders
Insiders own 27.49% of the company shares, while shares held by institutions stand at 15.63% with a share float percentage of 21.56%. Investors are also buoyed by the number of investors in a company, with Dolphin Entertainment, Inc. having a total of 9 institutions that hold shares in the company. The top two institutional holders are Bard Associates Inc. with over 1.7 Million shares worth more than $908.74 Thousand. As of March 30, 2020, Bard Associates Inc. held 12.4% of shares outstanding.
The other major institutional holder is Vanguard Group, Inc. (The), with the holding of over 527.28 Thousand shares as of March 30, 2020. The firm’s total holdings are worth over $282.36 Thousand and represent 3.85% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Vanguard Total Stock Market Index Fund and Vanguard Extended Market Index Fund. As of March 30, 2020, the former fund manager holds about 3.12% shares in the company for having 427208 shares of worth $228.77 Thousand while later fund manager owns 99.8 Thousand shares of worth $53.44 Thousand as of March 30, 2020, which makes it owner of about 0.73% of company’s outstanding stock.