Direct Common Stock Shares Outstanding vs Accounts Payable Analysis

DRCT Stock  USD 0.91  0.11  10.78%   
Direct Digital financial indicator trend analysis is much more than just examining Direct Digital Holdings latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Direct Digital Holdings is a good investment. Please check the relationship between Direct Digital Common Stock Shares Outstanding and its Accounts Payable accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Direct Digital Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.

Common Stock Shares Outstanding vs Accounts Payable

Common Stock Shares Outstanding vs Accounts Payable Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Direct Digital Holdings Common Stock Shares Outstanding account and Accounts Payable. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Direct Digital's Common Stock Shares Outstanding and Accounts Payable is 0.89. Overlapping area represents the amount of variation of Common Stock Shares Outstanding that can explain the historical movement of Accounts Payable in the same time period over historical financial statements of Direct Digital Holdings, assuming nothing else is changed. The correlation between historical values of Direct Digital's Common Stock Shares Outstanding and Accounts Payable is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Common Stock Shares Outstanding of Direct Digital Holdings are associated (or correlated) with its Accounts Payable. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Accounts Payable has no effect on the direction of Common Stock Shares Outstanding i.e., Direct Digital's Common Stock Shares Outstanding and Accounts Payable go up and down completely randomly.

Correlation Coefficient

0.89
Relationship DirectionPositive 
Relationship StrengthStrong

Common Stock Shares Outstanding

The total number of shares of a company's common stock that are currently owned by all its shareholders.

Accounts Payable

An accounting item on the balance sheet that represents Direct Digital obligation to pay off a short-term debt to its creditors. The accounts payable entry is usually reported under current liabilities. If accounts payable of Direct Digital Holdings are not paid within the agreed terms, the payables are considered to be in default, which may trigger a penalty or interest payment, or the revocation of additional credit from the supplier. Accounts payable may also be considered a source of cash, since they represent funds being borrowed from suppliers. Given these cash flow considerations, suppliers have a natural inclination to push for shorter payment terms, while creditors want to lengthen the payment terms. The amount a company owes to suppliers or vendors for products or services received but not yet paid for. It represents the company's short-term liabilities.
Most indicators from Direct Digital's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Direct Digital Holdings current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Direct Digital Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.
At this time, Direct Digital's Tax Provision is comparatively stable compared to the past year. Sales General And Administrative To Revenue is likely to gain to 0.36 in 2024, whereas Enterprise Value is likely to drop slightly above 44.3 M in 2024.
 2021 2022 2023 2024 (projected)
Interest Expense3.2M3.2M4.4M2.6M
Depreciation And Amortization2.0M2.1M2.2M1.5M

Direct Digital fundamental ratios Correlations

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-0.79-0.84-0.5-0.57-0.77-0.92-0.85-0.840.85-0.51-0.79-0.930.3-0.46-0.83-0.79-0.56-0.96-0.48-0.9-0.78-0.49-0.79-0.85-0.6
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-0.9-0.94-0.73-0.78-0.77-0.910.85-0.9-0.93-0.75-0.96-0.910.45-0.72-0.94-0.96-0.77-0.92-0.75-0.93-0.88-0.75-0.9-0.93-0.81
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0.950.960.770.810.920.99-0.930.750.97-0.910.750.89-0.510.730.960.890.791.00.760.990.70.760.950.980.82
-0.65-0.62-0.6-0.71-0.46-0.60.3-0.23-0.620.45-0.88-0.61-0.51-0.82-0.63-0.61-0.87-0.5-0.64-0.59-0.25-0.56-0.66-0.6-0.86
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0.90.870.870.910.780.83-0.560.480.87-0.771.00.830.79-0.870.980.870.830.770.890.830.480.860.90.861.0
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0.980.990.80.870.880.98-0.90.770.99-0.930.80.950.99-0.590.770.990.950.830.980.80.740.770.980.990.86
0.640.730.360.470.410.72-0.780.990.71-0.880.460.830.7-0.250.380.740.830.480.740.40.740.380.650.70.54
0.880.830.990.940.870.72-0.490.390.84-0.750.860.770.76-0.560.920.830.770.860.70.980.770.380.870.840.86
1.00.990.90.950.890.94-0.790.670.99-0.90.880.950.95-0.660.860.990.950.90.930.90.980.650.870.990.91
0.991.00.860.910.90.96-0.850.731.0-0.930.840.950.98-0.60.820.990.950.860.960.860.990.70.840.990.89
0.910.890.870.920.780.86-0.60.540.89-0.810.990.870.82-0.860.970.890.871.00.80.880.860.540.860.910.89
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Direct Digital Account Relationship Matchups

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Additional Tools for Direct Stock Analysis

When running Direct Digital's price analysis, check to measure Direct Digital's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Direct Digital is operating at the current time. Most of Direct Digital's value examination focuses on studying past and present price action to predict the probability of Direct Digital's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Direct Digital's price. Additionally, you may evaluate how the addition of Direct Digital to your portfolios can decrease your overall portfolio volatility.