Wednesday, December 27, 2023 2:16:32 PM
A solid price increase over a period of 12 weeks reflects investors' continued willingness to pay more for the potential upside in a stock. DRCT is quite a good fit in this regard, gaining 450.6% over this period.
However, it's not enough to look at the price change for around three months, as it doesn't reflect any trend reversal that might have happened in a shorter time frame. It's important for a potential winner to maintain the price trend. A price increase of 31.8% over the past four weeks ensures that the trend is still in place for the stock of this company.
Moreover, DRCT is currently trading at 93.7% of its 52-week High-Low Range, hinting that it can be on the verge of a breakout.
Looking at the fundamentals, the stock currently carries a Zacks Rank #1 (Strong Buy), which means it is in the top 5% of more than the 4,000 stocks that we rank based on trends in earnings estimate revisions and EPS surprises -- the key factors that impact a stock's near-term price movements.
The Zacks Rank stock-rating system, which uses four factors related to earnings estimates to classify stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), has an impressive externally-audited track record, with Zacks Rank #1 stocks generating an average annual return of +25% since 1988. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
Another factor that confirms the company's fundamental strength is its Average Broker Recommendation of #1 (Strong Buy). This indicates that the brokerage community is highly optimistic about the stock's near-term price performance.
So, the price trend in DRCT may not reverse anytime soon.
In addition to DRCT, there are several other stocks that currently pass through our "Recent Price Strength" screen. You may consider investing in them and start looking for the newest stocks that fit these criteria.
This is not the only screen that could help you find your next winning stock pick. Based on your personal investing style, you may choose from over 45 Zacks Premium Screens that are strategically created to beat the market.
However, keep in mind that the key to a successful stock-picking strategy is to ensure that it produced profitable results in the past. You could easily do that with the help of the Zacks Research Wizard. In addition to allowing you to backtest the effectiveness of your strategy, the program comes loaded with some of our most successful stock-picking strategies.
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Recent DRCT News
- Direct Digital Holdings Announces Receipt of Nasdaq Notification of Non-Compliance with Listing Rule 5250(c)(1) • PR Newswire (US) • 04/23/2024 08:01:00 PM
- 81% of Gen Zers Say Multicultural/Diverse Communities Greatly Shape Brand Preferences, According to Direct Digital Holdings' Research • PR Newswire (US) • 04/02/2024 01:00:00 PM
- GameStop Shares Tumble 20% in Pre-Market Trading Amid Revenue Decline, Direct Digital Plummets 42%, and More News • IH Market News • 03/27/2024 10:54:47 AM
- Direct Digital Holdings Reports Q4 & Full-Year 2023 Results • PR Newswire (US) • 03/26/2024 08:01:00 PM
- U.S. Index Futures on the Rise, Oil Prices Show Stability • IH Market News • 03/26/2024 11:21:42 AM
- U.S. Index Futures Rise as Fed’s Dovish Outlook Spurs Positive Investor Sentiment; Oil Prices See Minor Declines • IH Market News • 03/21/2024 11:26:38 AM
- Direct Digital Holdings Announces Rescheduling of Fourth Quarter and FY 2023 Financial Results Release and Conference Call • PR Newswire (US) • 03/20/2024 08:01:00 PM
- Direct Digital Holdings to Report Fourth Quarter & Full Year 2023 Financial Results • PR Newswire (US) • 02/29/2024 09:01:00 PM
- Direct Digital Holdings Partners with FreeWheel • PR Newswire (US) • 02/28/2024 02:00:00 PM
- SHE Media Launches Strategic Partnership with Direct Digital Holdings' Colossus SSP to Increase Advertiser Access to a Powerful Female Audience • PR Newswire (US) • 02/15/2024 01:00:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 01/29/2024 11:38:07 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 01/22/2024 11:00:16 AM
- Form SC 13D - General statement of acquisition of beneficial ownership • Edgar (US Regulatory) • 01/12/2024 09:15:43 PM
- Direct Digital Holdings to Participate in the 2024 ICR Conference • PR Newswire (US) • 12/18/2023 02:00:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 12/08/2023 01:00:47 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 12/08/2023 12:58:54 AM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 12/06/2023 09:49:16 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 11/30/2023 09:05:50 PM
- Form 424B3 - Prospectus [Rule 424(b)(3)] • Edgar (US Regulatory) • 11/28/2023 08:04:30 PM
- Form 424B3 - Prospectus [Rule 424(b)(3)] • Edgar (US Regulatory) • 11/28/2023 08:03:25 PM
- Form 424B3 - Prospectus [Rule 424(b)(3)] • Edgar (US Regulatory) • 11/28/2023 08:01:00 PM
- Direct Digital Holdings to Participate in the Noble Capital Markets 19th Annual Emerging Growth Equity Conference • PR Newswire (US) • 11/20/2023 02:00:00 PM
- Direct Digital Holdings Ranked Number 108th Fastest-Growing Company in North America on the 2023 Deloitte Technology Fast 500™ • PR Newswire (US) • 11/13/2023 02:00:00 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 11/09/2023 10:08:04 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 11/09/2023 09:05:49 PM
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