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The latest update is out from Digital Brands Group ( (DBGI) ).
Digital Brands Group, Inc. announced a 1-for-50 reverse stock split of its common stock, effective December 13, 2024, to regain compliance with Nasdaq’s $1.00 minimum bid price requirement. This strategic move is expected to impact the trading of the company’s stock, as it continues to trade under the symbol ‘DBGI’ with a new CUSIP number.
More about Digital Brands Group
Digital Brands Group, Inc. is a company that offers a wide variety of apparel through numerous brands on both direct-to-consumer and wholesale bases. It focuses on leveraging customer data and purchase history to create personalized targeted content and looks, aiming to own the customer’s ‘closet share.’
YTD Price Performance: -96.88%
Average Trading Volume: 21,974,806
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $3.96M
For an in-depth examination of DBGI stock, go to TipRanks’ Stock Analysis page.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
