Is Digital Brands Group Inc (DBGI) Stock About to Get Hot Thursday?

Digital Brands Group Inc (DBGI) stock is down 14.03% over the past week and gets a Bearish rating from InvestorsObserver Sentiment Indicator.

Digital Brands Group Inc has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on DBGI!

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What is Stock Sentiment?

Sentiment uses short term technical analysis to gauge whether a stock is desired by investors. As a technical indicator, it focuses on recent trends as opposed to the long term health of the underlying company. Updates for the company such as a earnings release can move the stock away from current trends. Changes in price are generally the best indicator of sentiment for a particular stock. At its core, a stock's trend indicates whether current market sentiment is bullish or bearish. Investors must be bullish if a stock is trending upward, and are bearish if a stock is moving down. InvestorsObserver's Sentiment Indicator factors in both price changes and variations in volume. An increase in volume usually means a current trend is stengthening, while a drop in volume tends to signal a reversal to the ongoing trend. Our system also uses the options market in order to receive additional signals on current sentiments. We take into account the ratio of calls and puts for a stock since options allow an investor to bet on future changes in price.

What's Happening With DBGI Stock Today?

Digital Brands Group Inc (DBGI) stock is trading at $5.33 as of 10:57 AM on Thursday, Oct 19, a decline of -$0.04, or -0.74% from the previous closing price of $5.37. The stock has traded between $5.26 and $5.78 so far today. Volume today is below average. So far 10,704 shares have traded compared to average volume of 61,630 shares.

More About Digital Brands Group Inc

Digital Brands Group Inc offers variety of apparel through numerous brands on a both direct-to-consumer and wholesale basis. The company has expanded into an omnichannel brand offering the styles and content not only online but at selected wholesale and retail storefronts. Click Here to get the full Stock Report for Digital Brands Group Inc stock.