During the last session, Direct Digital Holdings Inc (NASDAQ:DRCT)’s traded shares were 22.8 million, with the beta value of the company hitting 6.59. At the end of the trading day, the stock’s price was $1.33, reflecting an intraday gain of 71.61% or $0.56. The 52-week high for the DRCT share is $17.77, that puts it down -1236.09 from that peak though still a striking 61.65% gain since the share price plummeted to a 52-week low of $0.51. The company’s market capitalization is $8.58M, and the average intraday trading volume over the past 10 days was 2.49 million shares, and the average trade volume was 1.10 million shares over the past three months.
Direct Digital Holdings Inc (DRCT) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 2.00. DRCT has a Sell rating from 0 analyst(s) out of 1 analysts who have looked at this stock. 0 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 1 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be -0.41.
Direct Digital Holdings Inc (NASDAQ:DRCT) trade information
Direct Digital Holdings Inc (DRCT) registered a 71.61% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 71.61% in intraday trading to $1.33, hitting a weekly high. The stock’s 5-day price performance is 69.28%, and it has moved by 31.68% in 30 days. Based on these gigs, the overall price performance for the year is -95.41%. The short interest in Direct Digital Holdings Inc (NASDAQ:DRCT) is 0.32 million shares and it means that shorts have 2.42 day(s) to cover.
The consensus price target of analysts on Wall Street is $8, which implies an increase of 83.38% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $8 and $8 respectively. As a result, DRCT is trading at a discount of -501.5% off the target high and -501.5% off the low.
Direct Digital Holdings Inc (DRCT) estimates and forecasts
In the rating firms’ projections, revenue will increase 49.80% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 16.25M as predicted by 1 analyst(s). Meanwhile, a consensus of 1 analyst(s) estimates revenue growth to 20.47M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 22.27M and 21.86M respectively. In this case, analysts expect current quarter sales to shrink by -27.03% and then drop by -6.36% in the coming quarter.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings shrunk an estimated -23.50%. While earnings are projected to return 86.75% in 2025.
DRCT Dividends
Direct Digital Holdings Inc is due to release its next quarterly earnings on 2025-Mar-26. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Direct Digital Holdings Inc (NASDAQ:DRCT)’s Major holders
Direct Digital Holdings Inc insiders own 11.87% of total outstanding shares while institutional holders control 4.40%, with the float percentage being 4.99%. VANGUARD GROUP INC is the largest shareholder of the company, while 16.0 institutions own stock in it. As of 2024-06-30, the company held over 0.14 million shares (or 0.9651% of all shares), a total value of $0.56 million in shares.
The next largest institutional holding, with 38260.0 shares, is of AMERIPRISE FINANCIAL INC’s that is approximately 0.2676% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $0.15 million.
