In last trading session, Solo Brands Inc (NYSE:DTC) saw 0.37 million shares changing hands with its beta currently measuring 2.61. Company’s recent per share price level of $1.90 trading at -$0.09 or -4.52% at ring of the bell on the day assigns it a market valuation of $110.41M. That closing price of DTC’s stock is at a discount of -366.32% from its 52-week high price of $8.86 and is indicating a premium of 1.05% from its 52-week low price of $1.88. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 0.7 million shares which gives us an average trading volume of 867.42K if we extend that period to 3-months.
Solo Brands Inc (NYSE:DTC) trade information
Upright in the red during last session for losing -4.52%, in the last five days DTC remained trading in the red while hitting it’s week-highest on Tuesday, 04/09/24 when the stock touched $1.90 price level, adding 7.32% to its value on the day. Solo Brands Inc’s shares saw a change of -69.16% in year-to-date performance and have moved -0.52% in past 5-day. Solo Brands Inc (NYSE:DTC) showed a performance of -21.16% in past 30-days. Number of shares sold short was 4.61 million shares which calculate 5.76 days to cover the short interests.
Solo Brands Inc (DTC) estimates and forecasts
Statistics highlight that Solo Brands Inc is scoring comparatively lower than the scores of other players of the relevant industry. The company lost -58.15% of value to its shares in past 6 months, showing an annual growth rate of -15.52% while that of industry is 14.80. Apart from that, the company came lowering its revenue forecast for fiscal year 2024. The company is estimating its revenue growth to decrease by -100.00% in the current quarter and calculating -36.40% decrease in the next quarter.
7 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $79.28 million for the same. And 7 analysts are in estimates of company making revenue of $127.14 million in the next quarter that will end on Jun 2024. Company posted $85.9 million and $130.93 million of sales in current and next quarters respectively a year earlier. Analysts are expecting this quarter sales to shrink by -7.70% while estimating it to be -2.90% for the next quarter.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of -56.72% during past 5 years. In 2024, company’s earnings growth rate is likely to be around -18.79% while estimates for its earnings growth in next 5 years are of 11.60%.
DTC Dividends
Solo Brands Inc is more likely to be releasing its next quarterly report in May and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.
Solo Brands Inc (NYSE:DTC)’s Major holders
Insiders are in possession of 0.97% of company’s total shares while institution are holding 124.35 percent of that, with stock having share float percentage of 125.56%. Investors also watch the number of corporate investors in a company very closely, which is 124.35% institutions for Solo Brands Inc that are currently holding shares of the company. Summit Partners, L.P. is the top institutional holder at DTC for having 44.03 million shares of worth $249.24 million. And as of Jun 29, 2023, it was holding 76.35% of the company’s outstanding shares.
The second largest institutional holder is American Century Companies, Inc., which was holding about 3.61 million shares on Jun 29, 2023. The number of shares represents firm’s hold over 6.26% of outstanding shares, having a total worth of $20.42 million.
On the other hand, American Century Small Cap Value Fund and Vanguard Total Stock Market Index Fund are the top two Mutual Funds which own company’s shares. As of Jun 29, 2023, the former fund manager was holding 2.96 million shares of worth $16.73 million or 5.12% of the total outstanding shares. The later fund manager was in possession of 0.83 million shares on Jun 29, 2023, making its stake of worth around $4.72 million in the company or a holder of 1.44% of company’s stock.
