Is Buying Stock In DigitalBridge Group Inc. (DBRG) A Good Move Today?

DigitalBridge Group Inc. (NYSE:DBRG) saw an upside of 4.36% to close Friday at $6.70 after adding $0.28 on the day. The 5-day average trading volume is 5,102,960 shares of the company’s common stock. It has gained $6.74 in the past week. An average of 3,574,875 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 2,833,912.

DBRG’s 1-month performance is 2.92% or $0.03 on its low of $5.53 reached on 10/06/21. The company’s shares have touched a 52-week low of $3.01 and high of $8.69, with the stock’s rally to the 52-week high happening on 06/21/21. YTD, DBRG has achieved 39.29% or $1.89. However, the current price is down -22.94%% from the 52-week high price.

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Insider Transactions

On Aug 13, 59 days have gone by since the last insider trading activity for DigitalBridge Group Inc. (DBRG). DigitalBridge Group, Inc. (10% Owner) most recently sold 9,487,500 shares at $9.00 per share on Aug 13. This transaction cost the insider $85,387,500.

Valuation Metrics

DigitalBridge Group Inc. (DBRG) has a trailing price-to-earnings (P/E) ratio of 21.25 for the broader industry and 37.36 for the sector. The company’s PE ratio for the last five years has touched a high of 150.46 and a low of 14.44. DBRG stock has a beta of 2.01. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 2.84 while the price-to-book (PB) in the most recent quarter is 2.90, with the price to cash flow ratio at 20.76.

As well, the company’s long term debt to equity for the quarter ending June 29 was 3.63, while the total debt to equity was 3.63. In terms of profitability, the gross margin trailing 12 months is 60.70%. while for the period ending June 29; DigitalBridge Group Inc.’s operating margin was -66.10%. The firm’s gross profit as reported stood at -$1.83 billion against revenue of $1.24 billion.

Earnings Surprise

For the quarterly period ending June 29 this year, Net income and sales went down compared to those figures reported in the previous quarter. Net income grew 100.0% to $237.19 million, while revenue of $0.0 was 100.0% off the previous quarter. Analysts expected DBRG to announce -$0.25 per share in earnings in its latest quarter, but it posted -$0.29, representing a -16.00% surprise. EBITDA for the quarter stood at more than $69.94 million. DBRG stock balance sheet for the quarter ending June 29 shows that, with total debt at $4.39 billion. Shareholders hold equity totaling $493.1 million

Technical Picture

Let’s look briefly at DigitalBridge Group Inc. (DBRG) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 08 October was 63.29% to suggest the stock is trending Neutral, with historical volatility in this time period at 56.17%.

The stock’s 5-day moving average is $6.23, reflecting a +8.41% or $0.52 change from its current price. DBRG is currently trading +3.55% above its 20-day SMA, +2.45% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by -2.05% and +39.87% respectively.

Stochastic %K and %D was 77.71% and 48.64% and the average true range (ATR) pointed at 0.30. The RSI (14) points at 57.11%, while the 14-day stochastic is at 96.69% with the period’s ATR at 0.27. The stock’s 9-day MACD Oscillator is pointing at 0.23 and 0.15 on the 14-day charts.

Analyst Ratings

In the most recent analyst report for DigitalBridge Group Inc. (NYSE: DBRG), Raymond James upgraded it to a Strong buy rating. They previously had an Outperform rating on the stock. Analysts offering their rating for DBRG stock have a consensus rating for the stock as Buy. Currently, 0 brokerage advisors rate DBRG as a “sell,”, while 1 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 5 have offered a “buy” rating.

What is DBRG’s price target for the next 12 months?

Analysts have a consensus price target ranging from a low of $8.25 and a high of $12.00, with their median price target at $9.25. Looking at these predictions, the average price target given by analysts is for DigitalBridge Group Inc. (DBRG) stock is $9.75.


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