Dolphin Entertainment Inc. [NASDAQ: DLPN] loss -14.47% or -1.88 points to close at $11.11 with a heavy trading volume of 1902037 shares. The company report on April 27, 2021 that Dolphin Entertainment Salutes 42West And Shore Fire Media On Their Success At The Academy Awards.
Dolphin Entertainment, Inc. (NASDAQ:DLPN), a leading entertainment marketing and premium content production company, congratulated its wholly owned subsidiaries, the entertainment PR powerhouses 42West and Shore Fire Media, on their success at the 93rd Academy Awards held in Los Angeles this past Sunday night.
42West was involved in various capacities with 13 films that earned a total of 32 Academy Award nominations and won six Oscars. This past year, 42West worked on elements of the awards campaigns for “Nomadland,” which led all films with three wins including Best Picture; “Sound of Metal,” which tied for second in overall wins with two for Best Film Editing and Best Sound, and “Promising Young Woman” which was given the first award of the night, Best Original Screenplay.
It opened the trading session at $12.46, the shares rose to $12.87 and dropped to $10.93, the range by which the price of stock traded the whole day. The daily chart for DLPN points out that the company has recorded 249.87% gains over the past six months. However, it is still -393.78% lower than its most recent low trading price.
If we look at the average trading volume of 5.42M shares, DLPN reached to a volume of 1902037 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying about Dolphin Entertainment Inc. [DLPN]:
Maxim Group have made an estimate for Dolphin Entertainment Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on January 03, 2019.
The Average True Range (ATR) for Dolphin Entertainment Inc. is set at 2.51, with the Price to Sales ratio for DLPN stock in the period of the last 12 months amounting to 4.10. The Price to Book ratio for the last quarter was 3.84, with the Price to Cash per share for the same quarter was set at 0.89.
Trading performance analysis for DLPN stock
Dolphin Entertainment Inc. [DLPN] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -6.09. With this latest performance, DLPN shares dropped by -12.59% in over the last four-week period, additionally plugging by 249.87% over the last 6 months – not to mention a rise of 348.89% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for DLPN stock in for the last two-week period is set at 52.70, with the RSI for the last a single of trading hit 51.73, and the three-weeks RSI is set at 53.65 for Dolphin Entertainment Inc. [DLPN]. The present Moving Average for the last 50 days of trading for this stock 8.88, while it was recorded at 11.68 for the last single week of trading, and 5.15 for the last 200 days.
Dolphin Entertainment Inc. [DLPN]: A deeper dive into fundamental analysis
Operating Margin for any stock indicates how profitable investing would be, and Dolphin Entertainment Inc. [DLPN] shares currently have an operating margin of -9.48 and a Gross Margin at +14.60. Dolphin Entertainment Inc.’s Net Margin is presently recorded at -8.06.
Return on Total Capital for DLPN is now -6.88, given the latest momentum, and Return on Invested Capital for the company is -7.75. Return on Equity for this stock declined to -13.21, with Return on Assets sitting at -4.10. When it comes to the capital structure of this company, Dolphin Entertainment Inc. [DLPN] has a Total Debt to Total Equity ratio set at 86.99. Additionally, DLPN Total Debt to Total Capital is recorded at 46.52, with Total Debt to Total Assets ending up at 32.82. Long-Term Debt to Equity for the company is recorded at 57.46, with the Long-Term Debt to Total Capital now at 30.73.
Reflecting on the efficiency of the workforce at the company, Dolphin Entertainment Inc. [DLPN] managed to generate an average of -$11,897 per employee. Receivables Turnover for the company is 5.55 with a Total Asset Turnover recorded at a value of 0.51.Dolphin Entertainment Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.80 and a Current Ratio set at 0.80.
Dolphin Entertainment Inc. [DLPN]: An earnings per share (EPS) analysis
With the latest financial reports released by the company, Dolphin Entertainment Inc. posted 0.05/share EPS, while the average EPS was predicted by analysts to be reported at -0.25/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 120.00%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for DLPN.
An analysis of insider ownership at Dolphin Entertainment Inc. [DLPN]
There are presently around $6 million, or 7.00% of DLPN stock, in the hands of institutional investors. The top three institutional holders of DLPN stocks are: BARD ASSOCIATES INC with ownership of 327,980, which is approximately 0.024% of the company’s market cap and around 0.10% of the total institutional ownership; VANGUARD GROUP INC, holding 112,806 shares of the stock with an approximate value of $1.25 million in DLPN stocks shares; and RENAISSANCE TECHNOLOGIES LLC, currently with $0.54 million in DLPN stock with ownership of nearly New of the company’s market capitalization.
Positions in Dolphin Entertainment Inc. stocks held by institutional investors increased at the end of May and at the time of the May reporting period, where 7 institutional holders increased their position in Dolphin Entertainment Inc. [NASDAQ:DLPN] by around 60,151 shares. Additionally, 5 investors decreased positions by around 16,090 shares, while 2 investors held positions by with 425,683 shares. The mentioned changes placed institutional holdings at 501,924 shares, according to the latest SEC report filing. DLPN stock had 3 new institutional investments in for a total of 53,798 shares, while 5 institutional investors sold positions of 16,090 shares during the same period.