Solo Brands, Inc. (NYSE:DTC – Get Free Report) saw some unusual options trading on Monday. Traders acquired 5,163 call options on the stock. This is an increase of 2,937% compared to the typical volume of 170 call options.
Solo Brands Price Performance
Shares of NYSE:DTC traded up $0.49 on Monday, hitting $5.14. The stock had a trading volume of 1,075,150 shares, compared to its average volume of 555,848. The firm’s 50 day moving average price is $4.47 and its 200-day moving average price is $5.12. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.13 and a current ratio of 2.95. Solo Brands has a twelve month low of $3.39 and a twelve month high of $8.86. The company has a market capitalization of $466.97 million, a price-to-earnings ratio of 13.03, a price-to-earnings-growth ratio of 0.65 and a beta of 2.63.
In related news, CFO Somer Webb sold 115,537 shares of the business’s stock in a transaction on Thursday, November 9th. The shares were sold at an average price of $4.35, for a total transaction of $502,585.95. Following the transaction, the chief financial officer now owns 58,793 shares of the company’s stock, valued at $255,749.55. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 4.93% of the stock is owned by company insiders.
Hedge Funds Weigh In On Solo Brands
Wall Street Analysts Forecast Growth
Separately, Craig Hallum started coverage on Solo Brands in a research report on Monday, September 25th. They issued a “buy” rating and a $8.00 price objective for the company. Five equities research analysts have rated the stock with a buy rating, According to MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $9.75.
About Solo Brands
Solo Brands, Inc operates a direct-to-consumer platform that offers outdoor and lifestyle branded products in the United States. The company provides camp stoves under the Solo Stove Lite brand name; fire pits under the Solo Stove brand name; kayaks under the Oru brand name; paddle boards under the ISLE brand name; and storage solutions for fire pits, firewood, and other accessories.
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