Dolphin Entertainment Inc. (NASDAQ:DLPN) has a beta value of 1.89 and has seen 1,902,037 shares traded in the last trading session. The company, currently valued at $84.5 Million, closed the last trade at $11.11 per share which meant it lost -$1.88 on the day or -14.47% during that session. The DLPN stock price is -192.53% off its 52-week high price of $32.5 and 82.45% above the 52-week low of $1.95. If we look at the company’s 10-day average daily trading volume, we find that it stood at 5.32 Million shares traded. The 3-month trading volume is 5.04 Million shares.
The consensus among analysts is that Dolphin Entertainment Inc. (DLPN) is a Hold stock at the moment, with a recommendation rating of 3. 1 analysts rate the stock as a Sell, while none rate it as Overweight. None out of 2 have rated it as a Hold, with 1 advising it as a Buy. None have rated the stock as Underweight. The expected earnings per share for the stock is -$0.14.
Dolphin Entertainment Inc. (NASDAQ:DLPN) trade information
Despite being -14.47% in the red in last session, the stock has traded in the green over the last five days, with the highest price hit on Thursday, Apr 29 when the DLPN stock price touched $14.74- or saw a rise of 24.63%. Year-to-date, Dolphin Entertainment Inc. shares have moved 226.76%, while the 5-day performance has seen it change -6.09%. Over the past 30 days, the shares of Dolphin Entertainment Inc. (NASDAQ:DLPN) have changed -11.3%. Short interest in the company has seen 283.59 Million shares shorted with days to cover at 56.27.
Wall Street analysts have a consensus price target for the stock at $28, which means that the shares’ value could jump 152.03% from current levels. The projected low price target is $28 while the price target rests at a high of $28. In that case, then, we find that the current price level is +152.03% off the targeted high while a plunge would see the stock lose 152.03% from current levels.
Dolphin Entertainment Inc. (DLPN) estimates and forecasts
Figures show that Dolphin Entertainment Inc. shares have underperformed across the wider relevant industry. The company’s shares have gained +249.87% over the past 6 months. Other than that, the company has, however, lowered its growth outlook for the 2021 fiscal year revenue. Growth estimates for the current quarter are -380% and 78.3% for the next quarter. Revenue growth from the last financial year stood is estimated to be +25.3%.
2 analysts offering their estimates for the company have set an average revenue estimate of $7.25 Million for the current quarter. 2 have an estimated revenue figure of $7.25 Million for the next quarter concluding in June 01, 2021. Year-ago sales stood $6.5 Million and $4.49 Million respectively for this quarter and the next, and analysts expect sales will grow by 11.5% for the current quarter and 61.5% for the next.
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 +56.3% over the past 5 years. Earnings growth for 2021 is a modest +23.7%.
Dolphin Entertainment Inc. (NASDAQ:DLPN)’s Major holders
Insiders own 22.18% of the company shares, while shares held by institutions stand at 6.95% with a share float percentage of 8.93%. Investors are also buoyed by the number of investors in a company, with Dolphin Entertainment Inc. having a total of 10 institutions that hold shares in the company. The top two institutional holders are Bard Associates Inc. with over 327.98 Thousand shares worth more than $1.12 Million. As of December 30, 2020, Bard Associates Inc. held 4.31% of shares outstanding.
The other major institutional holder is Vanguard Group Inc. (The), with the holding of over 112.81 Thousand shares as of December 30, 2020. The firm’s total holdings are worth over $383.54 Thousand and represent 1.48% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Vanguard Total Stock Market Index Fund and Fidelity Extended Market Index Fund. As of December 30, 2020, the former fund manager holds about 1.22% shares in the company for having 92846 shares of worth $315.68 Thousand while later fund manager owns 26.77 Thousand shares of worth $124.75 Thousand as of February 27, 2021, which makes it owner of about 0.35% of company’s outstanding stock.