Direct Digital Holdings Inc (NASDAQ:DRCT) At $1.35: So What?

NOVA

In recent trading session, Direct Digital Holdings Inc (NASDAQ:DRCT) saw 0.31 million shares changing hands at last check today with its beta currently measuring 6.66. Company’s recent per share price level of $1.35 trading at $0.16 or 13.45% at last check today assigns it a market valuation of $6.46M. That most recent trading price of DRCT’s stock is at a discount of -2557.78% from its 52-week high price of $35.88 and is indicating a premium of 62.22% from its 52-week low price of $0.51. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 4.08 million shares which gives us an average trading volume of 1.88 million if we extend that period to 3-months.

For Direct Digital Holdings Inc (DRCT), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 1.67. Splitting up the data highlights that, out of 1 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 0 suggested the stock as a Hold whereas 1 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of 0.11 in the current quarter.

Direct Digital Holdings Inc (NASDAQ:DRCT) trade information

Upright in the green today for gaining 13.45%, in the last five days DRCT remained trading in the red while hitting it’s week-highest on Monday, 01/06/25 when the stock touched $1.35 price level, adding 25.0% to its value on the day. Direct Digital Holdings Inc’s shares saw a change of -15.09% in year-to-date performance and have moved -15.09% in past 5-day. Direct Digital Holdings Inc (NASDAQ:DRCT) showed a performance of 33.69% in past 30-days. Number of shares sold short was 0.12 million shares which calculate 0.86 days to cover the short interests.

Wall Street analysts have assigned a consensus price target of 8 to the stock, which implies a rise of 83.12% to its recent value today. Analysts have been projecting 8 as a low price target for the stock while placing it at a high target of 8. It follows that stock’s current price would drop -492.59% in reaching the projected high whereas dropping to the targeted low would mean a loss of -492.59% for stock’s current value.

Direct Digital Holdings Inc (DRCT) estimates and forecasts

Statistics highlight that Direct Digital Holdings Inc is scoring comparatively lower than the scores of other players of the relevant industry. The company lost -65.11% of value to its shares in past 6 months, showing an annual growth rate of -1,373.33% while that of industry is 24.00. Apart from that, the company came lowering its revenue forecast for fiscal year 2025. This year revenue growth is estimated to fall -58.30% from the last financial year’s standing.

3 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 12.31M for the same. And 2 analysts are in estimates of company making revenue of 14.17M in the next quarter. Company posted 41.01M and 22.27M of sales in current and next quarters respectively a year earlier.

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 -23.50% during past 5 years.

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

Insiders are in possession of 16.91% of company’s total shares while institution are holding 7.51 percent of that, with stock having share float percentage of 9.04%. Investors also watch the number of corporate investors in a company very closely, which is 7.51% institutions for Direct Digital Holdings Inc that are currently holding shares of the company. VANGUARD GROUP INC is the top institutional holder at DRCT for having 0.14 million shares of worth $0.56 million. And as of 2024-06-30, it was holding 0.9651 of the company’s outstanding shares.

The second largest institutional holder is AMERIPRISE FINANCIAL INC, which was holding about 38260.0 shares on 2024-06-30. The number of shares represents firm’s hold over 0.2676 of outstanding shares, having a total worth of $0.15 million.

On the other hand, Vanguard Total Stock Market Index Fund and Vanguard Extended Market Index Fund are the top two Mutual Funds which own company’s shares. As of Sep 30, 2024, the former fund manager was holding 90.85 shares of worth $0.12 million or 2.39% of the total outstanding shares. The later fund manager was in possession of 45.66 shares on Sep 30, 2024, making its stake of worth around $60268.0 in the company or a holder of 1.20% of company’s stock.