In last trading session, Solo Brands Inc (NYSE:DTC) saw 0.44 million shares changing hands with its beta currently measuring 2.55. Company’s recent per share price level of $1.42 trading at -$0.06 or -4.05% at ring of the bell on the day assigns it a market valuation of $83.14M. That closing price of DTC’s stock is at a discount of -347.89% from its 52-week high price of $6.36 and is indicating a premium of 23.94% from its 52-week low price of $1.08. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 0.3 million shares which gives us an average trading volume of 354.92K if we extend that period to 3-months.
For Solo Brands Inc (DTC), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 3.00. Splitting up the data highlights that, out of 11 analysts covering the stock, 1 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 2 suggested the stock as a Hold whereas 8 see the stock as a Buy. 0 analyst(s) advised it as an Underweight.
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Solo Brands Inc (NYSE:DTC) trade information
Upright in the red during last session for losing -4.05%, in the last five days DTC remained trading in the red while hitting it’s week-highest on Thursday, 09/26/24 when the stock touched $1.42 price level, adding 13.94% to its value on the day. Solo Brands Inc’s shares saw a change of -76.95% in year-to-date performance and have moved -3.40% in past 5-day. Solo Brands Inc (NYSE:DTC) showed a performance of 0.00% in past 30-days. Number of shares sold short was 2.16 million shares which calculate 8.05 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 3 to the stock, which implies a rise of 52.67% to its current value. Analysts have been projecting 1.35 as a low price target for the stock while placing it at a high target of 11. It follows that stock’s current price would jump 4.93% in reaching the projected high whereas dropping to the targeted low would mean a gain of 4.93% for stock’s current value.
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 -34.56% of value to its shares in past 6 months, showing an annual growth rate of -55.17% while that of industry is 14.60. Apart from that, the company came lowering its revenue forecast for fiscal year 2024.
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 -54.28% while estimates for its earnings growth in next 5 years are of 11.60%.
Solo Brands Inc (NYSE:DTC)’s Major holders
Insiders are in possession of 1.96% of company’s total shares while institution are holding 112.96 percent of that, with stock having share float percentage of 115.22%. Investors also watch the number of corporate investors in a company very closely, which is 112.96% 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 $100.4 million. And as of 2024-06-30, it was holding 75.8334 of the company’s outstanding shares.
The second largest institutional holder is AMERICAN CENTURY COMPANIES INC, which was holding about 5.56 million shares on 2024-06-30. The number of shares represents firm’s hold over 9.5771 of outstanding shares, having a total worth of $12.68 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 30, 2024 , the former fund manager was holding 4.49 shares of worth $6.38 million or 7.67% of the total outstanding shares. The later fund manager was in possession of 893.93 shares on Jun 30, 2024 , making its stake of worth around $1.27 million in the company or a holder of 1.53% of company’s stock.
