Direct Digital Holdings Inc [NASDAQ: DRCT] price plunged by -14.46 percent to reach at -$0.03.
A sum of 13769681 shares traded at recent session while its average daily volume was at 4.38M shares. Direct Digital Holdings Inc shares reached a high of $0.2019 and dropped to a low of $0.1616 until finishing in the latest session at $0.17.
The one-year DRCT stock forecast points to a potential upside of 91.5. The average equity rating for DRCT stock is currently 2.00, trading closer to a bullish pattern in the stock market.
Guru’s Opinion on 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 $2.00 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 2.00. 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.
DRCT Stock Performance Analysis:
Direct Digital Holdings Inc [DRCT] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -19.19. With this latest performance, DRCT shares dropped by -47.83% in over the last four-week period, additionally sinking by -67.81% over the last 6 months – not to mention a drop of -89.17% 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 33.35, with the RSI for the last a single of trading hit 0.0639, and the three-weeks RSI is set at 0.0554 for Direct Digital Holdings Inc [DRCT]. The present Moving Average for the last 50 days of trading for this stock 0.3340, while it was recorded at 0.2111 for the last single week of trading, and 0.5767 for the last 200 days.
Insight into Direct Digital Holdings Inc Fundamentals:
Operating Margin for any stock indicates how profitable investing would be, and Direct Digital Holdings Inc [DRCT] shares currently have an operating margin of -42.87% and a Gross Margin at -17.19%. Direct Digital Holdings Inc’s Net Margin is presently recorded at -26.76%.
Direct Digital Holdings Inc (DRCT) Capital Structure & Debt Analysis
According to recent financial data for Direct Digital Holdings Inc. ( DRCT), the Return on Equity (ROE) stands at -320.07%, highlighting a negative impact on investor capital. The Return on Assets (ROA) is -35.17%, reflecting the company’s efficiency in generating profits from its assets. Additionally, Direct Digital Holdings Inc’s Return on Invested Capital (ROIC) is -91.77%, showcasing its effectiveness in deploying capital for earnings.
Direct Digital Holdings Inc (DRCT) Efficiency & Liquidity Metrics
Direct Digital Holdings Inc (DRCT) Efficiency & Liquidity Metrics
From an operational efficiency perspective, Direct Digital Holdings Inc. (DRCT) effectively leverages its workforce, generating an average of -$119746.84 per employee. The company’s liquidity position is robust, with a Current Ratio of 0.37% and a Quick Ratio of 0.37%, indicating strong ability to cover short-term liabilities.
DRCT Stock EPS
With the latest financial reports released by the company, Direct Digital Holdings Inc posted -0.41/share EPS, while the average EPS was predicted by analysts to be reported at -0.4/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -0.01. 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 DRCT.
Direct Digital Holdings Inc [DRCT] Institutonal Ownership Details
There are presently around $1.54%, or 1.56%% 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%. MORGAN STANLEY, holding 14737.0 shares of the stock with an approximate value of $$59390.0 in DRCT stocks shares; and MORGAN STANLEY, currently with $$0.15 million in DRCT stock with ownership which is approximately 0.2676%.
