Canaccord Genuity analyst Brian McNamara maintained a Hold rating on Solo Brands Inc Class A (DTC – Research Report) yesterday and set a price target of $1.00.
Brian McNamara has given his Hold rating due to a combination of factors affecting Solo Brands Inc Class A. The company’s stock is facing delisting from the NYSE due to non-compliance with the exchange’s listing standards, primarily because of its abnormally low trading price. This situation has led to an immediate suspension of trading, with the stock expected to transition to the OTC pink market, which could further impact its price negatively.
Moreover, Solo Brands has been struggling with internal challenges, including poor recent financial performance and management instability, which have eroded market confidence. Despite the underlying value of its assets, the company’s current position, including a going concern disclosure and lack of strategic guidance for 2025, limits its ability to negotiate effectively or inspire investor confidence. These factors collectively contribute to McNamara’s decision to maintain a Hold rating on the stock.
DTC’s price has also changed dramatically for the past six months – from $1.300 to $0.094, which is a -92.77% drop .