After finishing at $26.51 in the prior trading day, Direct Digital Holdings Inc (NASDAQ: DRCT) closed at $16.04, down -39.49%. In other words, the price has decreased by -$10.47 from its previous closing price. On the day, 1506900 shares were traded.
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Ratios:
Our goal is to gain a better understanding of DRCT by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 10.90 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 21.14. For the most recent quarter (mrq), Quick Ratio is recorded 1.16 and its Current Ratio is at 1.33. In the meantime, Its Debt-to-Equity ratio is 13.28 whereas as Long-Term Debt/Eq ratio is at 12.60.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Dec 12 ’23 when SMITH W KEITH sold 41,348 shares for $10.22 per share. The transaction valued at 422,577 led to the insider holds 130,722 shares of the business.
SMITH W KEITH sold 77,930 shares of DRCT for $867,361 on Dec 11 ’23. The President now owns 172,070 shares after completing the transaction at $11.13 per share.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, DRCT now has a Market Capitalization of 228.18M and an Enterprise Value of 247.09M. As of this moment, Direct’s Price-to-Earnings (P/E) ratio for their current fiscal year is 114.98, and their Forward P/E ratio for the next fiscal year is 41.66. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.36 while its Price-to-Book (P/B) ratio in mrq is 23.97. Its current Enterprise Value per Revenue stands at 1.68 whereas that against EBITDA is 21.85.
Stock Price History:
Over the past 52 weeks, DRCT has reached a high of $35.88, while it has fallen to a 52-week low of $1.96. The 50-Day Moving Average of the stock is 18.37, while the 200-Day Moving Average is calculated to be 8.37.
Shares Statistics:
The stock has traded on average 264.27K shares per day over the past 3-months and 409.94k shares per day over the last 10 days, according to various share statistics. A total of 3.48M shares are outstanding, with a floating share count of 2.95M. Insiders hold about 15.28% of the company’s shares, while institutions hold 16.51% stake in the company. Shares short for DRCT as of Feb 29, 2024 were 331.74k with a Short Ratio of 0.93, compared to 354.02k on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 2.32% and a Short% of Float of 11.24%.
Earnings Estimates
Its stock is currently analyzed by 3 different market analysts. On average, analysts expect EPS of $0.02 for the current quarter, with a high estimate of $0.06 and a low estimate of -$0.03, while EPS last year was -$0.09. The consensus estimate for the next quarter is $0.23, with high estimates of $0.29 and low estimates of $0.2.
Analysts are recommending an EPS of between $0.8 and $0.64 for the fiscal current year, implying an average EPS of $0.74. EPS for the following year is $1.18, with 2 analysts recommending between $1.29 and $1.08.
Revenue Estimates
3 analysts predict $42.54M in revenue for the current quarter. It ranges from a high estimate of $46.09M to a low estimate of $36.8M. As of the current estimate, Direct Digital Holdings Inc’s year-ago sales were $21.22M, an estimated increase of 100.40% from the year-ago figure. For the next quarter, 3 analysts are estimating revenue of $58.68M, an increase of 102.40% over than the figure of $100.40% in the same quarter last year. There is a high estimate of $60.7M for the next quarter, whereas the lowest estimate is $55.17M.
A total of 3 analysts have provided revenue estimates for DRCT’s current fiscal year. The highest revenue estimate was $247.02M, while the lowest revenue estimate was $240.2M, resulting in an average revenue estimate of $242.6M. In the same quarter a year ago, actual revenue was $157.11M, up 54.40% from the average estimate. Based on 2 analysts’ estimates, the company’s revenue will be $295.77M in the next fiscal year. The high estimate is $303.05M and the low estimate is $288.5M. The average revenue growth estimate for next year is up 21.90% from the average revenue estimate for this year.
