In yesterday’s Wall Street session, Direct Digital Holdings Inc (NASDAQ:DRCT) shares traded at $3.71, down -32.55% from the previous session.
DRCT stock price is now 93.25% away from the 50-day moving average and -27.49% away from the 200-day moving average. The market capitalization of the company currently stands at $10.61M.
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In other news, Leatherberry Antoinette Renee, Director sold 7,038 shares of the company’s stock on Dec 18 ’24. The stock was sold for $5,982 at an average price of $0.85. Upon completion of the transaction, the Director now directly owns 55,812 shares in the company, valued at $0.21 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 18 ’24, Director Locke Mistelle sold 7,048 shares of the business’s stock. A total of $5,991 was realized by selling the stock at an average price of $0.85. This leaves the insider owning 30,201 shares of the company worth $0.11 million. A total of 13.81% of the company’s stock is owned by insiders.
During the past 12 months, Direct Digital Holdings Inc has had a low of $0.51 and a high of $35.88. The fifty day moving average price for DRCT is $1.92122 and a two-hundred day moving average price translates $5.20926 for the stock.
The latest earnings results from Direct Digital Holdings Inc (NASDAQ: DRCT) was released for 2024-06-30. The net profit margin was -5.61% and return on equity was -320.07% for DRCT. The company reported revenue of $9.07 million for the quarter, compared to $59.47 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -84.74 percent.
