Designer Brands Inc (NYSE:DBI) shares, rose in value, with the stock price up by 3.54% to the previous day’s close as strong demand from buyers drove the stock to $9.66.
Actively observing the price movement in the last trading, the stock closed the session at $9.33. The PE ratio was 26.16 over 12-month period. Referring to stock’s 52-week performance, its high was $13.44, and the low was $6.14. On the whole, DBI has fluctuated by -9.04% over the past month.
The company’s Forward Dividend Ratio is 0.20, with its dividend yield at 2.07%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 3.11B, with a low estimate of 720.32M and a high estimate of 758.56M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 739.29M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that DBI’s technical picture suggests that short-term indicators denote the stock is a 50% Sell on average. However, medium-term indicators have put the stock in the category of 50% Sell while long-term indicators on average have been pointing out that it is a 50% Sell.
The stock’s technical analysis shows that the PEG ratio is about 1.78, with the price of DBI currently trading nearly 3.61% and -2.56% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 52.68, while the 7-day volatility ratio is showing 5.59% which for the 30-day chart, stands at 4.61%. Furthermore, Designer Brands Inc (DBI)’s beta value is 2.09, and its average true range (ATR) is 0.48.
A comparison of Designer Brands Inc (DBI) with its peers suggests the former has fared considerably weaker in the market. DBI showed an intraday change of 3.54% in last session, and over the past year, it grew by 16.39%%.
Data on historical trading for Designer Brands Inc (NYSE:DBI) indicates that the trading volumes over the past 3 months, they’ve averaged 1.37 million. According to company’s latest data on outstanding shares, there are 49.49 million shares outstanding.
Nearly 27.38% of Designer Brands Inc’s shares belong to company insiders and institutional investors own 87.04% of the company’s shares. The stock has risen by 9.15% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the DBI stock heading into the next quarter.
