Douglas Elliman Inc (Nyse: DOUG) stock lost 5.79% of its trading prices on the June 16 trading session. The stock opened at $2.63, slipping to $2.42; it hit a high of $2.66 and closed trading at $2.44 with trading volume of $16.842 Million.
Similarly, on June 15, DOUG stock lost 1.89% of its trading price. The stock opened trading at $2.61, lowest trading at $2.42; it hit a high of $2.61 and closed at $2.59 with a trading volume of $2.145 Million.
In a week, DOUG Stock lost 9.63%; similarly, the stock lost 20.78% in a month. Falling prices are forcing analysts to predict that the ongoing movements of DOUG stock don’t seem suitable for buying or holding them.
After analyzing the technicalities of DOUG Stock, it is figured out that the ongoing time may not be an appropriate time to buy or to hold the stock to avoid losses. Douglas Elliman Inc stock trades 84.43% lower than the estimated annual price target.
In the last 52 weeks, DOUG Stock traded at $6.27 and lowest traded at $2.42. The stock’s average trading volume is $2.955 Million, with an overall market capitalization of $205.975 Million.
Douglas Elliman Inc (DOUG) Stock Earnings and Revenue
In Q1 2023, Douglas Elliman Inc reported a 5.30% increase in revenue compared to the estimated figures. Per the analysts’ prediction, the company was supposed to report $203.22 Million in revenue, but it reported revenue was $214.00 Million.
In the last three quarters of 2022, Douglas Elliman Inc reported less revenue; in Q2, it reported 3.94% lower revenue than estimated figures, and in Q3 and Q4, it reported 19.57% and 21.11% less revenue.
Douglas Elliman Inc failed to report positive EPS in Q1 2023; the Earning Per Share decreased by more than 26.67% in the same quarter. In Q4 2022 EPS of the company was 500.00% negative.
According to TradingView, 68.56 Million shares of Douglas Elliman Inc are free-floating, and 15.856 Million are closely held by the company’s financial backers or the organization’s board members.
The revenue and profit conversion of Douglas Elliman Inc constituted 19% Gross profit, 2% EBITDA, -0% EBIT and -1% net income. In the financial year 2022 total revenue of the company was $213.63 Million, the net income was -$17.93 Million, and the profit percentage was -8.39%.
According to Crunchbase, Douglas Elliman Inc acquired Vandenberg on April 14, 2018, for an undisclosed amount. DOUG shares are held by more than 200 institutional shareholders, including Blackrock Inc, Vanguard Group Inc, Capital Research Global Investors, States SStreet Corp, Bank of New York, and Geode Capital Management, LLC.
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Source: https://www.thecoinrepublic.com/2023/06/17/doug-stock-lost-5-79-intraday-real-estate-stock-worthless/