Direct Digital Holdings Inc [NASDAQ: DRCT] traded at a high on Thursday, posting a 26.18 gain after which it closed the day’ session at $0.88.
The results of the trading session contributed to over 30271997 shares changing hands. Over the past one week, the price volatility of Direct Digital Holdings Inc stands at 27.51% while the volatility over the past one month is 21.21%.
The market cap for DRCT stock reached $7.18 million, with 8.12 million shares outstanding and 7.73 million shares in the current float. Compared to the average trading volume of 849.29K shares, DRCT reached a trading volume of 30271997 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus say 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 $8.00 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.
The Average True Range (ATR) for Direct Digital Holdings Inc is set at 0.15, with the Price to Sales ratio for DRCT stock in the period of the last 12 months amounting to 0.12.
How has DRCT stock performed recently?
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 43.70. With this latest performance, DRCT shares gained by 38.42% in over the last four-week period, additionally sinking by -70.02% over the last 6 months – not to mention a drop of -83.86% 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 61.11, with the RSI for the last a single of trading hit 69.96, and the three-weeks RSI is set at 55.34 for Direct Digital Holdings Inc [DRCT]. The present Moving Average for the last 50 days of trading for this stock 0.7642, while it was recorded at 0.7257 for the last single week of trading, and 1.9004 for the last 200 days.
Direct Digital Holdings Inc [DRCT]: Deeper insight into the fundamentals
Direct Digital Holdings Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.64 and a Current Ratio set at 0.64.
Insider trade positions for Direct Digital Holdings Inc [DRCT]
There are presently around $3.50%, or 3.66%% 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%.
