Why Digital Brands Group Inc (NASDAQ: DBGI) Stock Shouldn’t Be Ignored In 2024

In recent trading session today, 1.42 million shares of the Digital Brands Group Inc (NASDAQ:DBGI) have been traded, and its beta is 1.03. Most recently the company’s share price was $0.19, and it changed around -$0.09 or -31.10% from the last close, which brings the market valuation of the company to $0.62M. DBGI at last check was trading at a discount to its 52-week high of $12.80, offering almost -6636.84% off that amount. The share price’s 52-week low was $0.26, which indicates that the recent value has fallen by an impressive -36.84% since then. We note from Digital Brands Group Inc’s average daily trading volume that its 10-day average is 1.14 million shares, with the 3-month average coming to 307.28K.

Digital Brands Group Inc (NASDAQ:DBGI) trade information

Instantly DBGI has been showing red trend so far today with a performance of -31.10% on intraday trading today. The performance over the last five days has remained in the red territory. The rise to weekly highs of 0.3590 on recent trading dayincreased the stock’s daily price by 47.08%. The company’s shares are currently down -94.04% year-to-date, but still down -41.49% over the last five days. On the other hand, Digital Brands Group Inc (NASDAQ:DBGI) is -73.12% down in the 30-day period. We can see from the shorts that 49237.0 shares have been sold at a short interest cover period of 0.25 day(s).

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