In the latest trading session, 13.8 million Direct Digital Holdings Inc (NASDAQ:DRCT) shares changed hands as the company’s beta touched 6.99. With the company’s most recent per share price at $1.71 changing hands around $1.16 or 210.91% at last look, the market valuation stands at $6.45M. DRCT’s current price is a discount, trading about -1998.25% off its 52-week high of $35.88. The share price had its 52-week low at $0.51, which suggests the last value was 70.18% up since then. When we look at Direct Digital Holdings Inc’s average trading volume, we note the 10-day average is 0.23 million shares, with the 3-month average coming to 145.82K.

Analysts gave the Direct Digital Holdings Inc (DRCT) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.67. If we narrow down to specifics, the data shows that 0 out of 1 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 0 recommended DRCT as a Hold, 1 felt it is a Buy and 0 rated the stock as Underweight. Direct Digital Holdings Inc’s EPS for the current quarter is expected to be 0.11.

Direct Digital Holdings Inc (NASDAQ:DRCT) trade information

Instantly DRCT is in green as seen in intraday trades today. With action 158.70%, the performance over the past five days has been green. The company’s shares are showing year-to-date downside of -88.51%, with the 5-day performance at 158.70% in the green. However, in the 30-day time frame, Direct Digital Holdings Inc (NASDAQ:DRCT) is 43.70% up. Looking at the short shares, we see there were 0.12 million shares sold at short interest cover period of 0.86 days.

The consensus price target for the stock as assigned by Wall Street analysts is 8, meaning bulls need an upside of 78.62% from its recent market value. According to analyst projections, DRCT’s forecast low is 8 with 8 as the target high. To hit the forecast high, the stock’s price needs a -367.84% plunge from its current level, while the stock would need to soar -367.84% for it to hit the projected low.

Direct Digital Holdings Inc (DRCT) estimates and forecasts

Data shows that the Direct Digital Holdings Inc share is performing relatively much not better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot -54.76% over the past 6 months, a -1,373.33% in annual growth rate that is considerably lower than the industry average of 19.80%. Year-over-year growth is forecast to reach -58.30% down from the last financial year.

Consensus estimates given by 3 financial analysts project the company’s revenue in the current quarter to hit an average of 12.31M. 2 analysts are of the opinion that Direct Digital Holdings Inc’s revenue for the current quarter will be 14.17M. The company’s revenue for the corresponding quarters a year ago was 41.01M and 22.27M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at -69.98%. The estimates for the next quarter sales put growth at -36.37%.

Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -23.50%. The 2024 estimates are for Direct Digital Holdings Inc earnings to decrease by -1474.36%.

DRCT Dividends

Direct Digital Holdings Inc is expected to release its next quarterly earnings report in January.

Direct Digital Holdings Inc (NASDAQ:DRCT)’s Major holders

If we look at who the major shareholders are, we find that insiders hold 16.91% of Direct Digital Holdings Inc shares while 7.51% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 9.04%. There are 7.51% institutions holding the Direct Digital Holdings Inc stock share, with VANGUARD GROUP INC the top institutional holder. As of 2024-06-30, the company held 0.9651% of the shares, roughly 0.14 million DRCT shares worth $0.56 million.

AMERIPRISE FINANCIAL INC holds the second largest percentage of outstanding shares, with 0.2676% or 38260.0 shares worth $0.15 million as of 2024-06-30.