Dolphin Entertainment (NASDAQ:DLPN) Shares Up 3.8% – What’s Next?

Dolphin Entertainment, Inc. (NASDAQ:DLPN)’s share price traded up 3.8% on Monday . The company traded as high as $1.66 and last traded at $1.63. 191,161 shares traded hands during mid-day trading, an increase of 563% from the average session volume of 28,824 shares. The stock had previously closed at $1.57.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Dolphin Entertainment in a research report on Monday, December 29th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company currently has an average rating of “Sell”.

Dolphin Entertainment Stock Performance

The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 1.89. The firm’s fifty day moving average price is $1.60 and its 200-day moving average price is $1.38. The firm has a market cap of $19.76 million, a price-to-earnings ratio of -3.13 and a beta of 2.56.

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

Dolphin Entertainment 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.