DLPN Stock Summary and Trading Ideas (Dolphin Entertainment | NASDAQ:DLPN)

Dolphin Entertainment Inc is an independent entertainment marketing and production company. It provides strategic marketing and publicity services to many of the top brands, both individual and corporate, in the motion picture, television, music, gaming, culinary, hospitality, and lifestyle industries. It operates in two reportable segments: Entertainment publicity and marketing and Content production. It generates the majority of its revenue from the Entertainment publicity and marketing segment which provides clients with diversified marketing services, including public relations, entertainment and hospitality content marketing, strategic marketing consulting, and content production of marketing materials.

Dolphin Entertainment trades on the NASDAQ stock market under the symbol DLPN.

As of April 19, 2024, DLPN stock price declined to $1.19 with 20,571 million shares trading.

DLPN has a beta of 0.58, meaning it tends to be less sensitive to market movements. DLPN has a correlation of 0.01 to the broad based SPY ETF.

DLPN has a market cap of $21.59 million. This is considered a Sub-Micro Cap stock.

Last quarter Dolphin Entertainment reported $12 million in Revenue and -$.54 earnings per share. This beat revenue expectation by $900,000 and missed earnings estimates by -$.54.

In the last 3 years, DLPN stock traded as high as $15.25 and as low as $.96.

The top ETF exchange traded funds that DLPN belongs to (by Net Assets): VTI, VXF.

DLPN has underperformed the market in the last year with a return of -37.0%, while the SPY ETF gained +21.2%. In the last 3 month period, DLPN fell short of the market, returning -20.7%, while SPY returned +4.3%. However, in the most recent 2 weeks DLPN has outperformed the stock market by returning -0.8%, while SPY returned -3.5%.

DLPN support price is $1.13 and resistance is $1.27 (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 DLPN stock will trade within this expected range on the day.