Direct Digital Holdings Inc (NASDAQ:DRCT) has a beta value of 6.64 and has seen 0.54 million shares traded in the recent trading session. The company, currently valued at $7.93M, closed the recent trade at $1.63 per share which meant it gained $0.01 on the day or 0.62% during that session. The DRCT stock price is -2101.23% off its 52-week high price of $35.88 and 68.71% above the 52-week low of $0.51. If we look at the company’s 10-day average daily trading volume, we find that it stood at 10.68 million shares traded. The 3-month trading volume is 1.83 million shares.
The consensus among analysts is that Direct Digital Holdings Inc (DRCT) is Buy stock at the moment, with a recommendation rating of 1.67. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 0 out of 1 have rated it as a Hold, with 1 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is 0.11.
Direct Digital Holdings Inc (NASDAQ:DRCT) trade information
Sporting 0.62% in the green today, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the DRCT stock price touched $1.63 or saw a rise of 35.06%. Year-to-date, Direct Digital Holdings Inc shares have moved 2.52%, while the 5-day performance has seen it change -35.32%. Over the past 30 days, the shares of Direct Digital Holdings Inc (NASDAQ:DRCT) have changed 79.38%. Short interest in the company has seen 0.12 million shares shorted with days to cover at 0.86.
Wall Street analysts have a consensus price target for the stock at $8, which means that the shares’ value could jump 79.62% from the levels at last check today. The projected low price target is $8.0 while the price target rests at a high of $8.0. In that case, then, we find that the latest price level in today’s session is -390.8% off the targeted high while a plunge would see the stock gain -390.8% from the levels at last check today.
Direct Digital Holdings Inc (DRCT) estimates and forecasts
Figures show that Direct Digital Holdings Inc shares have underperformed across the wider relevant industry. The company’s shares have lost -59.35% over the past 6 months, with this year growth rate of -1,373.33%, compared to 19.80% for the industry. Revenue growth from the last financial year stood is estimated to be -58.30%.
3 analysts offering their estimates for the company have set an average revenue estimate of 12.31M for the current quarter. 2 have an estimated revenue figure of 14.17M for the next ending quarter. Year-ago sales stood 41.01M and 22.27M respectively for this quarter and the next, and analysts expect sales will shrink by -69.98% for the current quarter and -58.30% for the next.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was -23.50% over the past 5 years.
DRCT Dividends
Direct Digital Holdings Inc is expected to release its next earnings report in February this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Direct Digital Holdings Inc (NASDAQ:DRCT)’s Major holders
Insiders own 16.91% of the company shares, while shares held by institutions stand at 7.51% with a share float percentage of 9.04%. Investors are also buoyed by the number of investors in a company, with Direct Digital Holdings Inc having a total of 16.0 institutions that hold shares in the company. The top two institutional holders are VANGUARD GROUP INC with over 0.14 million shares worth more than $0.56 million. As of 2024-06-30, VANGUARD GROUP INC held 0.9651% of shares outstanding.
The other major institutional holder is AMERIPRISE FINANCIAL INC, with the holding of over 38260.0 shares as of 2024-06-30. The firm’s total holdings are worth over $0.15 million and represent 0.2676% of shares outstanding.
