The closing price of Solo Brands Inc (NYSE: DTC) was $2.41 for the day, down -1.63% from the previous closing price of $2.45. In other words, the price has decreased by -$0.0400 from its previous closing price. On the day, 1133715 shares were traded. DTC stock price reached its highest trading level at $2.5300 during the session, while it also had its lowest trading level at $2.4000.
Ratios:
Our analysis of DTC’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 8.41 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 1.42. For the most recent quarter (mrq), Quick Ratio is recorded 1.13 and its Current Ratio is at 2.95. In the meantime, Its Debt-to-Equity ratio is 0.55 whereas as Long-Term Debt/Eq ratio is at 0.52.
On January 10, 2024, Jefferies Downgraded its rating to Hold which previously was Buy and also lowered its target price recommendation from $12 to $4.
Citigroup Downgraded its Buy to Neutral on January 10, 2024, whereas the target price for the stock was revised from $10 to $4.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Nov 09 ’23 when Webb Somer sold 115,537 shares for $4.35 per share. The transaction valued at 502,725 led to the insider holds 58,793 shares of the business.
NB Alternatives Advisers LLC sold 6,255,595 shares of DTC for $31,277,975 on May 16 ’23. The 10% Owner now owns 627,286 shares after completing the transaction at $5.00 per share. On May 16 ’23, another insider, BERTRAM GROWTH CAPITAL III, L., who serves as the 10% Owner of the company, sold 4,903,450 shares for $5.00 each. As a result, the insider received 24,517,250 and left with 491,697 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, DTC now has a Market Capitalization of 139.41M and an Enterprise Value of 321.59M. As of this moment, Solo’s Price-to-Earnings (P/E) ratio for their current fiscal year is 6.36, and their Forward P/E ratio for the next fiscal year is 3.79. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.55. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.26 while its Price-to-Book (P/B) ratio in mrq is 0.39. Its current Enterprise Value per Revenue stands at 0.61 whereas that against EBITDA is 3.09.
Stock Price History:
The Beta on a monthly basis for DTC is 2.67, which has changed by -59.50% over the last 52 weeks, in comparison to a change of 30.43% over the same period for the S&P500. Over the past 52 weeks, DTC has reached a high of $8.86, while it has fallen to a 52-week low of $2.39. The 50-Day Moving Average of the stock is 3.0300, while the 200-Day Moving Average is calculated to be 4.6018.
Shares Statistics:
DTC traded an average of 987.57K shares per day over the past three months and 616.03k shares per day over the past ten days. A total of 63.65M shares are outstanding, with a floating share count of 26.38M. Insiders hold about 54.32% of the company’s shares, while institutions hold 48.50% stake in the company. Shares short for DTC as of Feb 29, 2024 were 4.32M with a Short Ratio of 4.38, compared to 3.55M on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 7.47% and a Short% of Float of 47.99%.
Earnings Estimates
The firm’s stock currently is rated by 7 analysts. On average, analysts expect EPS of $0.17 for the current quarter, with a high estimate of $0.3 and a low estimate of $0.06, while EPS last year was $0.33. The consensus estimate for the next quarter is $0.1, with high estimates of $0.13 and low estimates of $0.06.
Analysts are recommending an EPS of between $0.92 and $0.71 for the fiscal current year, implying an average EPS of $0.8. EPS for the following year is $0.65, with 8 analysts recommending between $0.87 and $0.5.
Revenue Estimates
It is expected that $90B in revenue will be generated in the current quarter, according to 8 analysts. It ranges from a high estimate of $169M to a low estimate of $164.07M. As of the current estimate, Solo Brands Inc’s year-ago sales were $197.24M, an estimated decrease of -15.80% from the year-ago figure. For the next quarter, 8 analysts are estimating revenue of $85.82M, a decrease of -0.10% over than the figure of -$15.80% in the same quarter last year. There is a high estimate of $91.1M for the next quarter, whereas the lowest estimate is $78.5M.
A total of 8 analysts have provided revenue estimates for DTC’s current fiscal year. The highest revenue estimate was $498M, while the lowest revenue estimate was $493.52M, resulting in an average revenue estimate of $495.42M. In the same quarter a year ago, actual revenue was $517.63M, down -4.30% from the average estimate. Based on 8 analysts’ estimates, the company’s revenue will be $503.28M in the next fiscal year. The high estimate is $549M and the low estimate is $465M. The average revenue growth estimate for next year is up 1.60% from the average revenue estimate for this year.
