Digital Brands Group (NASDAQ:DBGI) Shares Up 49.4% - Time to Buy?

Digital Brands Group, Inc. (NASDAQ:DBGI - Get Free Report)'s share price was up 49.4% during trading on Tuesday . The company traded as high as $14.94 and last traded at $13.89. Approximately 123,664 shares were traded during trading, a decline of 15% from the average daily volume of 146,274 shares. The stock had previously closed at $9.30.Get Digital Brands Group alerts:Digital Brands Group Stock PerformanceThe firm has a market capitalization of $57.60 million, a price-to-earnings ratio of -0.02 and a beta of 0.16. The company has a quick ratio of 0.06, a current ratio of 0.29 and a debt-to-equity ratio of 7.88. The stock has a 50-day moving average price of $8.91 and a 200 day moving average price of $5.44. About Digital Brands Group (Get Free Report)Digital Brands Group, Inc engages in the provision of apparel products under various brands on direct-to-consumer and wholesale basis. It operates through DSTLD, Bailey, H&J, Stateside, and Sundry segments. The company designs, manufactures, and sells women's apparel, such as tops, sweaters, dresses, jumpsuits, bottoms, sets, jackets, rompers, suiting, sportswear, shirts, jackets, pants, shorts, polos, T-shirts, skirts, athleisure bottoms, denims, and other accessory products, as well as suiting for men.Featured ArticlesFive stocks we like better than Digital Brands GroupWhat is the Nikkei 225 index? Top 5 Stocks Hedge Funds Are Buying Right NowWhat is a Dividend King? Viking Holdings Posts Strong Q1, Eyes Growth AheadUsing the MarketBeat Dividend Tax Calculator2 Reasons Netflix’s 40% Rally Is Far From OverThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in Digital Brands Group Right Now?Before you consider Digital Brands Group, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Digital Brands Group wasn't on the list.While Digital Brands Group currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here