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The $5.04 Is The Price At Which Solo Brands Inc. (NYSE: DTC) Deserves Consideration

During the last session, Solo Brands Inc. (NYSE:DTC)’s traded shares were 1.05 million. At the end of the trading day, the stock’s price was $5.04, reflecting an intraday loss of -0.20% or -$0.01. The 52-week high for the DTC share is $8.86, that puts it down -75.79 from that peak though still a striking 32.74% gain since the share price plummeted to a 52-week low of $3.39. The company’s market capitalization is $492.71M, and the average intraday trading volume over the past 10 days was 1.68 million shares, and the average trade volume was 715.83K shares over the past three months.

Solo Brands Inc. (DTC) received a consensus recommendation of a Buy from analysts. That translates to a mean rating of 1.30. DTC has a Sell rating from 0 analyst(s) out of 6 analysts who have looked at this stock. 0 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 6 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be $0.23.

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Solo Brands Inc. (NYSE:DTC) trade information

Solo Brands Inc. (DTC) registered a -0.20% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -0.20% in intraday trading to $5.04 this Wednesday, 05/24/23, hitting a weekly high. The stock’s 5-day price performance is -3.82%, and it has moved by -35.38% in 30 days. Based on these gigs, the overall price performance for the year is 23.83%. The short interest in Solo Brands Inc. (NYSE:DTC) is 2.44 million shares and it means that shorts have 3.05 day(s) to cover.

The consensus price target of analysts on Wall Street is $10.33, which implies an increase of 51.21% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $9.00 and $12.00 respectively. As a result, DTC is trading at a discount of -138.1% off the target high and -78.57% off the low.

Solo Brands Inc. (DTC) estimates and forecasts

Statistics show that Solo Brands Inc. has underperformed its competitors in share price, compared to the industry in which it operates. Solo Brands Inc. (DTC) shares have gone up 20.00% during the last six months, with a year-to-date growth rate less than the industry average at -6.54% against 19.00. In the rating firms’ projections, revenue will increase 4.20% compared to the previous financial year.

Revenue for the current quarter is expected to be $129.94 million as predicted by 5 analyst(s). Meanwhile, a consensus of 5 analyst(s) estimates revenue growth to $109.83 million by the end of Sep 2023. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled $136.02 million and $85.14 million respectively. In this case, analysts expect current quarter sales to shrink by -4.50% and then jump by 29.00% in the coming quarter.

While earnings are projected to return -168.90% in 2023, the next five years will return 7.50% per annum.

DTC Dividends

Solo Brands Inc. is due to release its next quarterly earnings in June. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.

Solo Brands Inc. (NYSE:DTC)’s Major holders

Solo Brands Inc. insiders own 0.58% of total outstanding shares while institutional holders control 117.79%, with the float percentage being 118.48%. Summit Partners, L.P. is the largest shareholder of the company, while 106 institutions own stock in it. As of Mar 30, 2023, the company held over 44.03 million shares (or 69.14% of all shares), a total value of $316.17 million in shares.

The next largest institutional holding, with 11.72 million shares, is of Bertram Growth Capital III (GPLLC), L.L.C.’s that is approximately 18.41% of outstanding shares. At the market price on Mar 30, 2023, these shares were valued at $84.17 million.

Also, the Mutual Funds coming in first place with the largest holdings of Solo Brands Inc. (DTC) shares are American Century Small Cap Value Fund and Wasatch Ultra Growth Fund. Data provided on Dec 30, 2022 indicates that American Century Small Cap Value Fund owns about 2.51 million shares. This amounts to just over 3.94 percent of the company’s overall shares, with a $9.33 million market value. The same data shows that the other fund manager holds slightly less at 1.4 million, or about 2.20% of the stock, which is worth about $5.2 million.

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