The New York Stock Exchange (NYSE) has initiated proceedings to delist Solo Brands' Class A common stock, trading under the ticker symbol DTC. This decision comes after a determination by the NYSE Regulation that the stock no longer meets the exchange's listing criteria due to its "abnormally low selling price," as outlined in Section 802.01D of the Listed Company Manual.
Following this move, trading of Solo Brands' Class A common stock has been halted immediately. The company has the opportunity to challenge this decision through a review by a Committee of the Board of Directors of the Exchange. The NYSE plans to file an application with the Securities and Exchange Commission to finalise the delisting process, pending the outcome of any appeals.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 3 analysts, the average target price for Solo Brands Inc (DTC, Financial) is $0.76 with a high estimate of $1.00 and a low estimate of $0.27. The average target implies an upside of 704.96% from the current price of $0.09. More detailed estimate data can be found on the Solo Brands Inc (DTC) Forecast page.
Based on the consensus recommendation from 4 brokerage firms, Solo Brands Inc's (DTC, Financial) average brokerage recommendation is currently 3.0, indicating "Hold" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Solo Brands Inc (DTC, Financial) in one year is $4.12, suggesting a upside of 4282.98% from the current price of $0.094. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Solo Brands Inc (DTC) Summary page.
