DLA Stock Summary and Trading Ideas (Delta Apparel | AMEX:DLA)

Delta Apparel Inc together with its subsidiaries is an international apparel design, marketing, manufacturing, and sourcing company. It operates its business in two distinct segments: Delta Group and Salt Life Group. The company offers a diverse portfolio of lifestyle basics and branded activewear apparel, headwear, and related accessory products. It specializes in selling casual and athletic products through distribution channels and distribution tiers, including specialty stores, boutiques, department stores, mid and mass channels, e-retailers, and the U.S. military. It also offers its products to consumers on its websites and in its retail stores. The company derives the maximum revenue from the wholesale of goods through the Delta Group in the United States.

Delta Apparel trades on the AMEX stock market under the symbol DLA.

As of May 14, 2024, DLA stock price climbed to $1.65 with 23,712 million shares trading.

DLA has a beta of 1.31, meaning it tends to be more sensitive to market movements. DLA has a correlation of 0.02 to the broad based SPY ETF.

DLA has a market cap of $11.63 million. This is considered a Sub-Micro Cap stock.

Last quarter Delta Apparel reported $79 million in Revenue and -$2.53 earnings per share. This fell short of revenue expectation by $-17 million and missed earnings estimates by -$1.55.

In the last 3 years, DLA stock traded as high as $35.26 and as low as $1.61.

The top ETF exchange traded funds that DLA belongs to (by Net Assets): VTI, VXF, BSVO, DFAT, IWC.

DLA has underperformed the market in the last year with a price return of -83.8% while the SPY ETF gained +28.2%. DLA has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -58.2% and -35.8%, respectively, while the SPY returned +5.7% and +2.1%, respectively.

DLA support price is $1.52 and resistance is $1.76 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that DLA stock will trade within this expected range on the day.