The price of Solo Brands Inc (NYSE: DTC) closed at $2.03 in the last session, down -13.25% from day before closing price of $2.34. In other words, the price has decreased by -$0.3100 from its previous closing price. On the day, 823841 shares were traded.
Ratios:
We take a closer look at DTC’s different ratios to gain a better understanding of the stock. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 5.93 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 2.21. For the most recent quarter (mrq), Quick Ratio is recorded 0.90 and its Current Ratio is at 2.21. In the meantime, Its Debt-to-Equity ratio is 0.76 whereas as Long-Term Debt/Eq ratio is at 0.70.
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:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Mar 15 ’24 when METZ CHRISTOPHER T bought 100,000 shares for $2.27 per share. The transaction valued at 226,560 led to the insider holds 100,000 shares of the business.
Webb Somer sold 115,537 shares of DTC for $502,725 on Nov 09 ’23. The Chief Financial Officer now owns 58,793 shares after completing the transaction at $4.35 per share. On May 16 ’23, another insider, NB Alternatives Advisers LLC, who serves as the 10% Owner of the company, sold 6,255,595 shares for $5.00 each. As a result, the insider received 31,277,975 and left with 627,286 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 117.96M and an Enterprise Value of 280.59M. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.24 while its Price-to-Book (P/B) ratio in mrq is 0.49. Its current Enterprise Value per Revenue stands at 0.57 whereas that against EBITDA is 5.79.
Stock Price History:
Over the past 52 weeks, DTC has reached a high of $8.86, while it has fallen to a 52-week low of $2.04. The 50-Day Moving Average of the stock is 2.8196, while the 200-Day Moving Average is calculated to be 4.5713.
Shares Statistics:
According to the various share statistics, DTC traded on average about 1.04M shares per day over the past 3-months and 920.86k shares per day over the past 10 days. A total of 57.95M shares are outstanding, with a floating share count of 26.47M. Insiders hold about 54.32% of the company’s shares, while institutions hold 48.34% stake in the company. Shares short for DTC as of Feb 29, 2024 were 4.32M with a Short Ratio of 4.16, 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 company has 7 analysts who recommend its stock at the moment. On average, analysts expect EPS of $0.01 for the current quarter, with a high estimate of $0.11 and a low estimate of -$0.05, while EPS last year was $0.16. The consensus estimate for the next quarter is $0.16, with high estimates of $0.26 and low estimates of $0.08.
Analysts are recommending an EPS of between $0.67 and $0.31 for the fiscal current year, implying an average EPS of $0.46. EPS for the following year is $0.52, with 8 analysts recommending between $0.7 and $0.33.
Revenue Estimates
According to 7 analysts, the current quarter’s revenue is expected to be $79.88M. It ranges from a high estimate of $87M to a low estimate of $74M. As of the current estimate, Solo Brands Inc’s year-ago sales were $85.9M, an estimated decrease of -7.00% from the year-ago figure. For the next quarter, 7 analysts are estimating revenue of $127.52M, a decrease of -2.60% over than the figure of -$7.00% in the same quarter last year. There is a high estimate of $130M for the next quarter, whereas the lowest estimate is $124.4M.
A total of 8 analysts have provided revenue estimates for DTC’s current fiscal year. The highest revenue estimate was $500M, while the lowest revenue estimate was $488M, resulting in an average revenue estimate of $494.39M. In the same quarter a year ago, actual revenue was $494.78M, down -0.10% from the average estimate. Based on 8 analysts’ estimates, the company’s revenue will be $516.31M in the next fiscal year. The high estimate is $547M and the low estimate is $485M. The average revenue growth estimate for next year is up 4.40% from the average revenue estimate for this year.
