Digital Brands Group (NASDAQ:DBGI) Releases Earnings Results

Digital Brands Group (NASDAQ:DBGI) posted its quarterly earnings results on Wednesday. The company reported $999.00 EPS for the quarter, Zacks reports. Digital Brands Group had a negative return on equity of 186.24% and a negative net margin of 164.57%.

Digital Brands Group Stock Performance

Shares of DBGI stock opened at $1.86 on Friday. The company has a quick ratio of 0.63, a current ratio of 0.81 and a debt-to-equity ratio of 0.01. Digital Brands Group has a 52 week low of $1.52 and a 52 week high of $18.00. The firm has a market capitalization of $15.23 million, a PE ratio of -0.64 and a beta of 0.53. The company has a 50 day moving average price of $3.14 and a 200-day moving average price of $7.15.

Institutional Investors Weigh In On Digital Brands Group

An institutional investor recently bought a new position in Digital Brands Group stock. Geode Capital Management LLC acquired a new position in Digital Brands Group, Inc. (NASDAQ:DBGI) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 70,226 shares of the company’s stock, valued at approximately $890,000. Geode Capital Management LLC owned about 0.86% of Digital Brands Group at the end of the most recent quarter. Hedge funds and other institutional investors own 1.56% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on DBGI shares. Weiss Ratings restated a “sell (e+)” rating on shares of Digital Brands Group in a research report on Wednesday, January 21st. Wall Street Zen cut Digital Brands Group from a “hold” rating to a “sell” rating in a report on Saturday, February 21st. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company presently has an average rating of “Sell”.

About Digital Brands Group

Digital Brands Group Inc (NASDAQ: DBGI) operates as a digital consumption platform focused on acquiring, operating and scaling digitally native consumer brands. The company seeks to partner with emerging and established brands across categories such as fashion, home & lifestyle, health & wellness, and consumer electronics. By leveraging a centralized operating model, Digital Brands Group aims to drive revenue growth, expand market reach and enhance customer engagement for its portfolio companies.

At the core of Digital Brands Group’s strategy is its expertise in e-commerce, digital marketing and data analytics.