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DAVIDsTEA Inc. (DTEA): The stock short term indicators tell us to Buy today

How have the shares performed?


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DAVIDsTEA Inc. (DTEA) saw an uptrend of 16.44% in the recent trading with $5.03 being its most recent. The current price level -32.48% lower than the highest price of $7.45 marked by the stock while trading over the past 52-weeks, whereas it is 767.24% higher than the lowest price of $0.58 the company dropped to over past 52-weeks. The latest news story on DTEA appeared in GlobeNewswire under the title “DAVIDsTEA to Hold Creditors Meeting on June 11, 2021 for CCAA Plan of Arrangement” on May-07-21.

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Squeezing the time span to 30 day period shows us the stock is currently trading -0.79% below one month high and is +64.92% above of the lowest during that time. Looking into the simple moving average, DAVIDsTEA Inc. (DTEA)’s stock stands at a SMA-50 of $3.58 while that of 5-day is reading $4.45.

Daily rise and fall of price influence many of the traders, and in order to overcome the fluctuating effect of that and to watch the stock closely, traders focus more on stock’s 200-day moving average. At various points in trading activity, investors are more likely to be making use of that measure as a strong indicator in figuring out their support and resistance levels, and DTEA’s SMA-200 as of now is $2.62.

DAVIDsTEA Inc. Earnings – What Happened With DTEA

Coming around sales and income figures, publically trading companies under normal circumstances post earnings and revenues near to average estimates by the Wall Street analysts, but those could came either above or below estimates and known as surprise factor. During the reported three-month period, company’s sales were $31.22 billion.

DTEA – DAVIDsTEA Inc. Stock Earnings Estimates

Investors get the exact data about the key information of institutional ownership in a listed company through its 13F filings at the Stock Exchange Commission (SEC). The total number of common shares currently owned by the public is 26.24 million. DTEA does have institutional investors; and they hold 1.70% of the stock.

DAVIDsTEA Inc. – Insider Activity and Holdings

As on Mar 30, 2021, Citadel Advisors LLC was the top most holder in DAVIDsTEA Inc. (NASDAQ:DTEA) with an ownership of 85856.0 shares of the company or 0.33% of the stake worth $0.32 million. The filing also reveals Group One Trading, L.P. as the second largest holder in the company with a control over 0.19% of the outstanding shares. Its stake is worth $0.19 million for having 49485.0 shares in hand.

Simplex Trading, LLC also came holding a key position in the company during the recent quarter and it now holds 0.13% of the outstanding shares. With this there are now 21 institutions which have possession in DTEA’s shares.

Technical Analysis of DAVIDsTEA Inc. (NASDAQ:DTEA) stock

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To comprehend better with the trade moves and investors’ behavior, exploring the short, medium and long term technical indicators along with average volume of a stock is an effective way to make use of. When looking into those indicators for DAVIDsTEA Inc. (DTEA), we notice that the stock’s 20-day average volume is at 173,205 shares and 100% of short term indicators are suggesting the stock as Buy. Medium term indicators at an average of 50% are spotting the stock at Buy with its 50-day average volume of 227,630 shares. And to end, DTEA’s 100-day average volume is 515,746 shares with 100% of the long-term indicators pointing towards Buy for the stock.

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