Direct Digital (NASDAQ:DRCT) Stock Price Down 2.3% – Here’s Why

Shares of Direct Digital Holdings, Inc. (NASDAQ:DRCT) fell 2.3% on Friday . The stock traded as low as $1.24 and last traded at $1.29. 971,868 shares traded hands 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 Performance

The firm has a market capitalization of $18.91 million, a PE ratio of -1.10 and a beta of 6.66. The company’s fifty day moving average price is $1.53 and its two-hundred day moving average price is $2.55.

Direct Digital (NASDAQ:DRCT) last posted its quarterly earnings results on Tuesday, October 15th. The company reported ($0.16) EPS for the quarter. Direct Digital had a negative net margin of 5.61% and a negative return on equity of 25.66%. The business had revenue of $21.86 million during the quarter. On average, equities analysts expect that Direct Digital Holdings, Inc. will post -1.91 earnings per share for the current 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.