DigitalBridge Group Inc. (NYSE:DBRG) finished Wednesday with an addition of $0.1 to close at $6.80, an upside of 1.49 percent. An average of 4,249,920 shares of common stock have been traded in the last five days. There was a gain of $0.70 in the past week. The last 20 days have seen an average of 3,791,885 shares traded, while the 50-day average volume stands at 2,868,478.
DBRG stock has increased by 4.29% in the last month. The company shares reached their 1-month lowest point of $5.53 on 10/06/21. With the stock rallying to its 52-week high on 06/21/21, shares of the company touched a low of $3.03 and a high of $8.69 in 52 weeks. In spite of this, the price is down -21.79% from the 52-week high.
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62 days have passed since DigitalBridge Group Inc. (DBRG) last reported insider trading activity. DigitalBridge Group, Inc., who is 10% Owner, most recently acquired $9,487,500 shares at $9.00 per share on Aug 13.
DigitalBridge Group Inc. (DBRG) has a trailing price-to-earnings (P/E) ratio of 21.25 for the broader industry and 38.25 for the sector. In the last five years, DigitalBridge Group Inc.’s PE ratio has ranged between 150.46 and 14.47. The stock’s beta is 2.01. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 2.89, the price-to-book (PB) ratio at 2.94, and the price-to-cash flow ratio at 21.07.
Further, the company has a long term debt to equity ratio of 3.63 and a total debt to equity ratio of 3.63 for the quarter ending June 29. Its gross profit as reported stood at -$1.83 billion compared to revenue of $1.24 billion.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, DigitalBridge Group Inc.’s return on assets was -4.20%. For the broader industry, ROE averaged 7.37 over the past year.
In the quarter under review, the net income was down than the previous quarter. The company posted a net income of $237.19 million in the quarter, while revenues of $0.0 were grew 100.0%. The analyst consensus anticipated DigitalBridge Group Inc.’s latest quarter earnings to come in at -$0.25 per share, but it turned out to be -$0.29, a -16.00% surprise. For the quarter, EBITDA amounted to $69.94 million. At the end of the quarter ending June 29, DigitalBridge Group Inc.’s stock balance sheet showed total debt was $4.39 billion. Shareholders own equity worth $493.1 million.
From a technical analysis perspective, let’s take a brief look at DigitalBridge Group Inc. (DBRG) price momentum. RSI 9-day as of the close on 13 October was 66.19%, suggesting the stock is Neutral, with historical volatility in this time frame at 44.89%.
As of today, DBRG’s price is $6.66 +11.48% or $0.70 from its 5-day moving average. DBRG is currently trading +5.26% higher than its 20-day SMA and +1.80% higher than its 100-day SMA. However, the stock’s current price level is +0.59% above the SMA50 and +38.49% above the SMA200.
The stochastic %K and %D were 92.31% and 91.33%, respectively, and the average true range (ATR) was 0.26. With the 14-day stochastic at 97.69% and the average true range at 0.25, the RSI (14) stands at 59.46%. The stock has reached 0.34 on the 9-day MACD Oscillator while the 14-day reading was at 0.41.
Raymond James upgraded DigitalBridge Group Inc. (NYSE: DBRG) to a a Strong buy rating in its most recent analyst report. Previously, the stock was rated as a an Outperform.The consensus rating for DigitalBridge Group Inc. (DBRG) among analysts is Buy. According to current brokerage recommendations, 0 brokerage firms advise that investors sell DBRG, while 1 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 5 others rate it as a “buy”.
What is DBRG’s price target for the next 12 months?
Analysts predict a range of price targets between $8.25 and $12.00, with a median target of $9.25. Taking a look at these predictions, the average price target given by analysts for DigitalBridge Group Inc. (DBRG) stock is $9.75.