Dolphin Digital Media (NASDAQ:DLPN) Trading 0.6% Higher – Should You Buy?

Dolphin Digital Media Inc. (NASDAQ:DLPN)’s stock price traded up 0.6% during mid-day trading on Friday . The company traded as high as $1.6995 and last traded at $1.66. 50,642 shares traded hands during trading, an increase of 26% from the average session volume of 40,202 shares. The stock had previously closed at $1.65.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Dolphin Digital Media in a research note on Monday. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the company currently has a consensus rating of “Sell”.

Dolphin Digital Media Trading Up 0.6%

The company has a debt-to-equity ratio of 1.89, a current ratio of 0.82 and a quick ratio of 0.82. The business’s 50 day simple moving average is $1.59 and its 200 day simple moving average is $1.32. The company has a market capitalization of $20.12 million, a price-to-earnings ratio of -3.19 and a beta of 2.55.

Dolphin Digital Media (NASDAQ:DLPN) last issued its earnings results on Wednesday, November 12th. The company reported ($0.03) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.03. Dolphin Digital Media had a negative net margin of 11.37% and a negative return on equity of 65.09%. The company had revenue of $14.80 million during the quarter, compared to analysts’ expectations of $15.00 million.

Dolphin Digital Media Company Profile

Dolphin Entertainment, Inc, together with its subsidiaries, operates as an independent entertainment marketing and production company in the United States. The company operates in two segments, Entertainment Publicity, and Marketing and Content Production. The Entertainment Publicity and Marketing segment provides diversified marketing services, including public relations, entertainment and hospitality content marketing, strategic communications, strategic marketing consulting, social media and influencer marketing, digital marketing, creative branding, talent publicity, and entertainment marketing services, as well as produces promotional video content.