Direct Digital Holdings Inc [NASDAQ: DRCT] gained 37.82% or 0.45 points to close at $1.64 with a heavy trading volume of 35634903 shares.
The daily chart for DRCT points out that the company has recorded -57.62% loss over the past six months.
If we look at the average trading volume of 1.88M shares, DRCT reached to a volume of 35634903 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 Direct Digital Holdings Inc [DRCT]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for DRCT shares is $5.25 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on DRCT stock is a recommendation set at 1.67. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Noble Capital Markets have made an estimate for Direct Digital Holdings Inc shares, keeping their opinion on the stock as Market Perform, with their previous recommendation back on March 27, 2024.
The Average True Range (ATR) for Direct Digital Holdings Inc is set at 0.66, with the Price to Sales ratio for DRCT stock in the period of the last 12 months amounting to 0.08.
Trading performance analysis for DRCT stock
Direct Digital Holdings Inc [DRCT] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 3.14. With this latest performance, DRCT shares gained by 62.39% in over the last four-week period, additionally sinking by -57.62% over the last 6 months – not to mention a drop of -87.89% 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 DRCT stock in for the last two-week period is set at 49.69, with the RSI for the last a single of trading hit 49.45, and the three-weeks RSI is set at 49.42 for Direct Digital Holdings Inc [DRCT]. The present Moving Average for the last 50 days of trading for this stock 1.7078, while it was recorded at 1.4640 for the last single week of trading, and 3.7997 for the last 200 days.
Direct Digital Holdings Inc [DRCT]: A deeper dive into fundamental analysis
Direct Digital Holdings Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.25 and a Current Ratio set at 0.25.
An analysis of Institutional ownership at Direct Digital Holdings Inc [DRCT]
There are presently around $7.51%, or 9.04%% of DRCT stock, in the hands of institutional investors. The top three institutional holders of DRCT stocks are: VANGUARD GROUP INC with ownership of 0.14 million shares, which is approximately 0.9651%. AMERIPRISE FINANCIAL INC, holding 38260.0 shares of the stock with an approximate value of $$0.15 million in DRCT stocks shares; and AMERIPRISE FINANCIAL INC, currently with $$0.14 million in DRCT stock with ownership which is approximately 0.2499%.