In the last trading session, 1.2 million shares of the Solo Brands Inc (NYSE:DTC) were traded, and its beta was 2.80. Most recently the company’s share price was $0.21, and it changed around $0.0 or 1.71% from the last close, which brings the market valuation of the company to $19.71M. DTC currently trades at a discount to its 52-week high of $2.57, offering almost -1123.81% off that amount. The share price’s 52-week low was $0.19, which indicates that the current value has risen by an impressive 9.52% since then. We note from Solo Brands Inc’s average daily trading volume that its 10-day average is 2.51 million shares, with the 3-month average coming to 615.83K.
Solo Brands Inc stock received a consensus recommendation rating of Hold, based on a mean score of 3.00. If we narrow it down even further, the data shows that 0 out of 5 analysts rate the stock as a Sell; another 0 rate it as Overweight. Among the rest, 3 recommended DTC as a Hold, whereas 1 deemed it a Buy, and 1 rated it as Underweight. Solo Brands Inc is expected to report earnings per share of -0.05 for the current quarter.
Solo Brands Inc (NYSE:DTC) trade information
Instantly DTC has showed a green trend with a performance of 1.71% at the end of last trading. The performance over the last five days has remained in the red territory. The rise to weekly highs of 0.2390 on recent trading dayincreased the stock’s daily price by 12.13%. The company’s shares are currently down -81.26% year-to-date, but still down -7.13% over the last five days. On the other hand, Solo Brands Inc (NYSE:DTC) is -74.27% down in the 30-day period. We can see from the shorts that 2.78 million shares have been sold at a short interest cover period of 10.5 day(s).
The consensus price target as assigned by Wall Street analysts is $3, which translates to bulls needing to increase their stock price by 93.0% from its current value. Analyst projections state that DTC is forecast to be at a low of $1.35 and a high of $11.
Solo Brands Inc (DTC) estimates and forecasts
The year-over-year growth rate is expected to be -3.26%, down from the previous year.
Consensus estimates provided by 3 financial analysts predict the company will bring in an average of 80.03M in revenue for the current quarter. 2 analysts expect Solo Brands Inc to make 125.5M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 85.32M and 131.55M respectively. Analysts predict that the company’s current quarter sales will drop, forecast at -6.20%. Forecasts for the next quarter put sales growth at -4.60%. Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -44.79%.
Solo Brands Inc (NYSE:DTC)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 2.09% of Solo Brands Inc shares, and 107.40% of them are in the hands of institutional investors. The stock currently has a share float of 109.69%. Solo Brands Inc stock is held by 118.0 institutions, with SUMMIT PARTNERS L P being the largest institutional investor. By 2024-06-30, it held 75.5433% of the shares, which is about 44.03 million shares worth $100.4 million.
AMERICAN CENTURY COMPANIES INC, with 9.5405% or 5.56 million shares worth $12.68 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
SMALL CAP VALUE FUND and Vanguard Total Stock Market Index Fund were the top two Mutual Funds as of Dec 31, 2024 . The former held 4.49 shares worth $0.96 million, making up 7.59% of all outstanding shares. On the other hand, Vanguard Total Stock Market Index Fund held roughly 893.93 shares worth around $0.19 million, which represents about 1.51% of the total shares outstanding.
