>>> Direct Digital Holdings (DRCT) - Investors looking for a promising micro-cap stock may want to consider Direct Digital Holdings (NASDAQ:DRCT). Micro cap stocks require more research since fewer media outlets cover them, but the company has exhibited meaningful revenue and earnings growth.
The programmatic advertising company has buy-side and sell-side platforms, with the latter doing most of the work for the company’s financials. Revenue increased by 129% year-over-year in the third quarter of 2023 which prompted the company to raise its full-year guidance.
However, the bigger win came from net income which more than quadrupled year-over-year. Net income reached $3.35 million as a part of the big surge. Guidance suggests revenue growth will remain strong for a while. However, if the company can continue to expand its net profit margins, the stock’s returns can give big tech a run for its money.
Investors have gotten excited about the stock. Shares are up by 291% over the past year which is largely due to a dramatic rally that started in mid-November. This makes it one of those growth stocks to consider.
The advertising company should report Q4 2023 earnings near the end of March. Investors who are on the fence may want to wait for those earnings to come out before making a decision.
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