Digital Brands Group (NASDAQ:DBGI) Stock Price Up 2.9% – Should You Buy?

Digital Brands Group, Inc. (NASDAQ:DBGI) shares rose 2.9% during trading on Wednesday . The stock traded as high as $11.00 and last traded at $10.20. Approximately 59,784 shares were traded during mid-day trading, an increase of 9% from the average daily volume of 54,885 shares. The stock had previously closed at $9.91.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen upgraded Digital Brands Group from a “sell” rating to a “hold” rating in a report on Friday, May 30th.

Digital Brands Group Stock Performance

The stock has a market cap of $45.80 million, a PE ratio of -0.02 and a beta of 0.39. The company has a fifty day moving average price of $10.40 and a 200 day moving average price of $9.30. The company has a quick ratio of 0.12, a current ratio of 0.33 and a debt-to-equity ratio of 0.15.

About Digital Brands Group

Digital Brands Group, Inc engages in the provision of apparel products under various brands on direct-to-consumer and wholesale basis. It operates through DSTLD, Bailey, H&J, Stateside, and Sundry segments. The company designs, manufactures, and sells women's apparel, such as tops, sweaters, dresses, jumpsuits, bottoms, sets, jackets, rompers, suiting, sportswear, shirts, jackets, pants, shorts, polos, T-shirts, skirts, athleisure bottoms, denims, and other accessory products, as well as suiting for men.