Stocks of Direct Digital Holdings Inc (NASDAQ:DRCT) traded higher last session on Wall Street, down -9.73% to $4.64.
DRCT stock price is now -17.48% away from the 50-day moving average and -49.88% away from the 200-day moving average. The market capitalization of the company currently stands at $13.87M.
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In other news, SMITH W KEITH, President sold 41,348 shares of the company’s stock on Dec 12 ’23. The stock was sold for $422,577 at an average price of $10.22. Upon completion of the transaction, the President now directly owns 130,722 shares in the company, valued at $0.61 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 11 ’23, President SMITH W KEITH sold 77,930 shares of the business’s stock. A total of $867,361 was realized by selling the stock at an average price of $11.13. This leaves the insider owning 172,070 shares of the company worth $0.8 million. A total of 15.28% of the company’s stock is owned by insiders.
During the past 12 months, Direct Digital Holdings Inc has had a low of $1.96 and a high of $35.88. As of last week, the company has a debt-to-equity ratio of 13.28, a current ratio of 1.33, and a quick ratio of 1.16. The fifty day moving average price for DRCT is $5.4475 and a two-hundred day moving average price translates $9.2696 for the stock.
The latest earnings results from Direct Digital Holdings Inc (NASDAQ: DRCT) was released for 2023-12-31. The net profit margin was 1.26% and return on equity was 57.37% for DRCT. The company reported revenue of $59.47 million for the quarter, compared to $25.98 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 128.87 percent.
