Dolphin Entertainment Inc. (NASDAQ:DLPN) has a beta of 1.87. The stock’s Relative Strength Index (RSI) is 46.47, with weekly volatility at 8.16% and ATR at 1.15. The DLPN stock’s 52-week price range has touched low of $2.40 and a $32.50 high. Its shares traded lower over the last trading session, losing -4.41% on 05/27/21. The shares fell to a low of $8.411 before closing at $8.67. Intraday shares traded counted 0.72 million, which was 86.85% higher than its 30-day average trading volume of 5.44M. DLPN’s previous close was $9.07 while the outstanding shares total 7.27M.
Investors have identified the Entertainment company Dolphin Entertainment Inc. as an interesting stock but before investments are made there, an in-depth look at its trading activities will have to be conducted. The share is trading with a market value of around $66.93 million, the company now has both obstacles and catalysts that affect them and they came from their mode of operations. With the company affected by events currently, it is a perfect time to analyze the numbers behind the firm in order to come up with a rather realistic picture of what this stock is.
Dolphin Entertainment Inc. (DLPN) Fundamentals that are to be considered.
When analyzing a stock, the first fundamental thing to take into account is the balance sheet. How healthy the balance sheet of a company is will determine if the company will be able to carry out all its financial and non-financial obligations and also keep the faith of its investors. In terms of their assets, the company currently has 12.86 million total, with 16.89 million as their total liabilities.
DLPN were able to record 52000.0 as free cash flow during the 08/23/2021 quarter of the year, this saw their quarterly net cash flow reduce by -0.81 million. In cash movements, the company had a total of 52000.0 as operating cash flow.
Potential earnings growth for Dolphin Entertainment Inc. (DLPN)
In order to determine the future investment potential for this stock, we will have to analyze key trends that affect it. During the 08/23/2021 quarter of the year, Dolphin Entertainment Inc. recorded a total of 7.18 million in revenue. This figure implies that they witnessed a quarterly year/year change in their earnings with 7.57% coming in sequential stages and their sales for the 08/23/2021 quarter increasing by 18.7%.
What matters though is how it ends. When the core data for the company is broken down, then the stock sounds interesting. The company spent 0.83 million trying to sell their products during the last quarter, with the result yielding a gross income of 6.35 million. This allows shareholders to hold on to 7.27M with the recently reported earning now reading -0.73 cents per share. This is a figure that compared to analyst’s prediction for their 08/23/2021 (-0.12 cents a share).
Is the stock of DLPN attractive?
In related news, Director, Stanham Nicholas sold 1,624 shares of the company’s stock in a transaction that recorded on Dec 29. The sale was performed at an average price of 3.22, for a total value of 5,224. As the sale deal closes, the Director, Famadas Nelson now bought 681 shares of the company’s stock, valued at 500. Also, Director, Famadas Nelson sold 5 shares of the company’s stock in a deal that was recorded on Aug 27. The shares were price at an average price of 0.87 per share, with a total market value of 4. In the last 6 months, insiders have changed their ownership in shares of company stock by 0.10%.