Direct Digital (NASDAQ:DRCT) Stock Price Down 2.3% – Should You Sell?

Direct Digital Holdings, Inc. (NASDAQ:DRCT) fell 2.3% on Friday . The company traded as low as $1.24 and last traded at $1.29. 971,868 shares were traded during trading, a decline of 79% from the average session volume of 4,600,447 shares. The stock had previously closed at $1.32.

Direct Digital Stock Down 2.3 %

The business’s 50 day moving average is $1.53 and its two-hundred day moving average is $2.55. The firm has a market capitalization of $18.91 million, a P/E ratio of -1.10 and a beta of 6.66.

Direct Digital (NASDAQ:DRCT) last issued its quarterly earnings data on Tuesday, October 15th. The company reported ($0.16) earnings per share for the quarter. Direct Digital had a negative net margin of 5.61% and a negative return on equity of 25.66%. The company had revenue of $21.86 million for the quarter. As a group, equities analysts anticipate that Direct Digital Holdings, Inc. will post -1.91 earnings per share for the current fiscal year.

About Direct Digital

Direct Digital Holdings, Inc operates as an end-to-end full-service programmatic advertising platform. The company's platform primarily focuses on providing advertising technology, data-driven campaign optimization, and other solutions to underserved and less efficient markets on both the buy- and sell-side of the digital advertising ecosystem.