Dolphin Entertainment Inc. (NASDAQ:DLPN)’s traded shares stood at 0.88 million during the latest session, with the company’s beta value hitting 1.88. At the last check today, the stock’s price was $9.59, to imply an increase of 6.08% or $0.55 in intraday trading. The DLPN share’s 52-week high remains $32.50, putting it -238.89% down since that peak but still an impressive 67.78% since price per share fell to its 52-week low of $3.09. The company has a valuation of $69.52M, with an average of 96160.0 shares in intraday trading volume over the past 10 days and average of 752.18K shares over the past 3 months.
Analysts have given a consensus recommendation of an Overweight for Dolphin Entertainment Inc. (DLPN), translating to a mean rating of 2.50. Of 2 analyst(s) looking at the stock, 0 analyst(s) give DLPN a Sell rating. 0 of those analysts rate the stock as Overweight while 1 advise Hold as 1 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at $0.01.
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After registering a 6.08% upside in the latest session, Dolphin Entertainment Inc. (DLPN) has traded red over the past five days. The stock hit a weekly high of 10.47 this Thursday, 11/18/21, jumping 6.08% in its intraday price action. The 5-day price performance for the stock is -12.06%, and -27.16% over 30 days. With these gigs, the year-to-date price performance is 165.88%. Short interest in Dolphin Entertainment Inc. (NASDAQ:DLPN) saw shorts transact 0.18 million shares and set a 0.69 days time to cover.
Analysts on Wall Street suggest a consensus price target of $30.00, implying an increase of 68.03% to the stock’s recent value. The extremes give us $30.00 and $30.00 for target low and target high price respectively. As such, DLPN has been trading -212.83% off suggested target high and -212.83% from its likely low.
Dolphin Entertainment Inc. (DLPN) estimates and forecasts
The rating firms project that company’s revenue will grow 47.20% compared to the previous financial year.
Revenue forecast for the current quarter as set by 2 analysts is $8.84 million. Meanwhile, for the quarter ending Dec 2021, a total of 2 analyst(s) estimate revenue growth to $10.74 million.Earnings reports from the last fiscal year show that sales brought in $6.39 million and $5.84 million respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to rise 38.30% before jumping 84.00% in the following quarter.
Dolphin Entertainment Inc. has its next earnings report out on April 15. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too. Dolphin Entertainment Inc. has a forward dividend ratio of 0, with the share yield ticking at 0.00% to continue the rising pattern observed over the past year. The company’s average dividend yield trailing the past 5-year period is 0.00%.
Dolphin Entertainment Inc. (NASDAQ:DLPN)’s Major holders
Dolphin Entertainment Inc. insiders hold 9.63% of total outstanding shares, with institutional holders owning 11.38% of the shares at 12.59% float percentage. In total, 11.38% institutions holds shares in the company, led by Bard Associates Inc. As of Jun 29, 2021, the company held over 0.26 million shares (or 3.40% of shares), all amounting to roughly $2.43 million.
The next major institution holding the largest number of shares is Vanguard Group, Inc. (The) with 0.25 million shares, or about 3.24% of shares outstanding. As of the market price on Jun 29, 2021, these shares were worth $2.31 million.
We also have Vanguard Total Stock Market Index Fund and Vanguard Extended Market Index Fund as the top two Mutual Funds with the largest holdings of the Dolphin Entertainment Inc. (DLPN) shares. Going by data provided on Mar 30, 2021, Vanguard Total Stock Market Index Fund holds roughly 0.15 million shares. This is just over 1.93% of the total shares, with a market valuation of $1.87 million. Data from the same date shows that the other fund manager holds a little less at 86970.0, or 1.14% of the shares, all valued at about 1.11 million.