How to Buy Digital Brands Group Stock
Digital Brands Group Inc
Digital Brands Group, Inc. provides apparel under various brands on direct-to-consumer and wholesale basis.
Digital Brands Group stock last closed at $2.93, up 1.74% from the previous day, and has decreased 88.28% in one year. It has underperformed other stocks in the Apparel Retail industry by 0.95 percentage points. Digital Brands Group stock is currently +27.67% from its 52-week low of $2.30, and -91.25% from its 52-week high of $33.50.
As of Apr 23, 2024, there are 1.7M DBGI shares outstanding. The market cap of DBGI is $4.98M. In the last 24 hours, 34,454 DBGI shares were traded.
How to Buy Digital Brands Group Stock
Wondering how to invest in Digital Brands Group stock? Here's how.
- Figure out where to buy Digital Brands Group stock: You need to choose a stock brokerage, but don't worry - we've researched dozens of online stock brokerages and apps to help you choose where to buy Digital Brands Group stock.
- Open a brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've identified.
- Put funds into your brokerage account: Select your method of payment and add your info.
- Research Digital Brands Group stock: The Digital Brands Group ticker symbol is DBGI. Is Digital Brands Group stock a good investment? Should you buy shares of DBGI? How do DBGI's underlying business fundamentals look? Do top analysts think Digital Brands Group is a good buy? Why has DBGI's stock price moved recently? (Hint: Our stock research website can help you decide if DBGI is a good stock to buy).
- Make your DBGI buy order: Decide if you will purchase DBGI shares at the current market price or use a limit order to purchase DBGI stock at a particular price.
- Get key alerts regarding your investment in DBGI: Create a watchlist to important updates regarding your new investment in Digital Brands Group shares.
Step 1: Figure out where to buy Digital Brands Group stock
You need a brokerage account to access the NASDAQ market and buy DBGI shares.
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Open eToro AccountStep 2: Open a brokerage account
Now that you've chosen the right brokerage, you need to fill out some personal information so you can invest in DBGI stock today.
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- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
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Step 3: Put funds into your brokerage account
Now that you have opened your account on one of the best stock apps, you need to deposit funds:
Watch this video walkthrough for more details transferring funds into your brokerage account.
Step 4: Research Digital Brands Group stock
After you have decided on the best place to buy Digital Brands Group stock, it's crucial to research their stock before you buy, so you can understand the risk as well as the upside.
Digital Brands Group quick stats
Fundamentals of DBGI
WallStreetZen was created to help average investors perform better fundamental analysis in minutes instead of hours.
You can view all of the due diligence checks on DBGI's stock page.
Is DBGI stock undervalued?
Analysts use many financial metrics, analyses, models, and charts to gauge DBGI's intrinsic value.
Using relative valuations measures:
- DBGI may be undervalued based on its P/B ratio of 3.11x, relative to Apparel Retail industry P/B ratio of 7.12x
You can do more valuation analysis on DBGI's stock here.
A look at DBGI Cashflows and Balance Sheet
Passed Financial Due Diligence Checks:
- There are more short-term assets than long-term liabilities on the DBGI balance sheet.
Failed Financial Due Diligence Checks:
- DBGI has a relatively high debt to equity ratio of 14.81.
- DBGI profit margin has gone up by 2.04 percentage points in the past year, but the company is still unprofitable.
- DBGI has $96.20k in cash and short term investments. This is not enough to cover its annual cash burn of $6.04M.
- There are more short-term liabilities than short-term assets on the DBGI balance sheet.
- DBGI has cash burn of 6042617. It does not have enough cash and short-term investments to cover this.
DBGI Trading Indicators
How are DBGI Revenues/Earnings doing?
Last year, DBGI revenue was $14.92M. In the last 4 year, DBGI's revenue has grown by 48.9% per year. This was faster than the Apparel Retail industry average of 9.19%.
You can research DBGI's earnings and revenue performance here.
Are DBGI insiders buying or selling the stock?
In the last year, executives and large shareholders at DBGI have not bought or sold any shares.
Learn more about who owns DBGI shares here.
Does DBGI stock generate passive income?
No, Digital Brands Group doesn't provide an income stream by paying out dividends.
DBGI Social Trading Data
One of the primary reasons eToro is our highest-rated brokerage is because of its social trading community.
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Step 5: Make your DBGI buy order
You have two main types of orders:
- Market order: A market order is an order to buy or sell a stock at the best available price.
Market orders are generally the best for newer investors. - Limit order: A limit order enables you to buy or sell a stock at a specific price (or better).
If you want to ensure you're buying or selling at a particular price, use a limit order.
Click the Open button and your broker will execute your order.
If you require additional info about buying stocks on eToro, click the helpful video below:
Step 6: Get key alerts regarding your investment in DBGI
Now that you own some DBGI stock, you'll want to keep up with your new company.
Start a watchlist to get notified of the latest news about your DBGI stock.
DBGI Feed
How to Buy Stock in Digital Brands Group
To reiterate, here are the 6 steps to buy stock in Digital Brands Group:
- Figure out where to buy Digital Brands Group stock
- Open a brokerage account
- Put funds into your brokerage account
- Research Digital Brands Group stock
- Make your DBGI buy order
- Get key alerts regarding your investment in DBGI
If you are looking for a online brokerage, eToro is our recommended option.
Get Started with eToro TodayIf you want to keep an eye on your investment in Digital Brands Group, hit the button below to create your watchlist.
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