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

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DigitalBridge Group Inc. (NYSE:DBRG) finished Wednesday with a subtraction of -$0.48 to close at $14.77, a downside of -3.15 percent. An average of 2,628,560 shares of common stock have been traded in the last five days. There was a fall of -$3.27 in the past week, and it reached a new high 17 times over the past 12 months. The last 20 days have seen an average of 2,250,115 shares traded, while the 50-day average volume stands at 1,496,613.

DBRG stock has decreased by -28.16% in the last month. The company shares reached their 1-month lowest point of $14.77 on 09/21/22. With the stock rallying to its 52-week high on 01/03/22, shares of the company touched a low of $15.17 and a high of $34.20 in 52 weeks. It has reached a new high 1 time so far this year and lost -55.67% or -$18.55 in price. In spite of this, the price is down -56.81% from the 52-week high.


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Insider Transactions

310 days have passed since DigitalBridge Group Inc. (DBRG) last reported insider trading activity. Kim Sonia, who is Chief Accounting Officer, most recently acquired $11,000 shares at $8.17 per share on Nov 16.

Valuation Metrics

DigitalBridge Group Inc. (DBRG) stock’s beta is 1.83. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 2.39, the price-to-book (PB) ratio at 2.92, and the price-to-cash flow ratio at 11.99.

Financial Health

Further, the company has a long term debt to equity ratio of 7.29 and a total debt to equity ratio of 7.29 for the quarter ending June 29. Its gross profit as reported stood at -$522.43 million compared to revenue of $965.8 million.

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 -2.10%.

Earnings Surprise

For the three-month period that ended June 29, DigitalBridge Group Inc. had $5.54 billion in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of -$37.32 million in the quarter, while revenues of -$262.32 million were shrunk -278.51%. The analyst consensus anticipated DigitalBridge Group Inc.’s latest quarter earnings to come in at -$0.18 per share, but it turned out to be -$0.24, a -33.30% surprise. For the quarter, EBITDA amounted to $10.73 million. At the end of the quarter ending June 29, DigitalBridge Group Inc.’s stock balance sheet showed total debt was $6.21 billion. Shareholders own equity worth $164.06 million.

Technical Picture

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 21 September was 20.41%, suggesting the stock is oversold, with historical volatility in this time frame at 58.71%.

As of today, DBRG’s price is $15.91 -18.13% or -$3.27 from its 5-day moving average. DBRG is currently trading -28.13% lower than its 20-day SMA and -49.83% lower than its 100-day SMA. However, the stock’s current price level is -26.88% below the SMA50 and -53.32% below the SMA200.

The stochastic %K and %D were 4.91% and 7.63%, respectively, and the average true range (ATR) was 0.87. With the 14-day stochastic at 0.00% and the average true range at 0.88, the RSI (14) stands at 25.59%. The stock has reached -1.56 on the 9-day MACD Oscillator while the 14-day reading was at -1.88.

Analyst Ratings

JP Morgan upgraded DigitalBridge Group Inc. (NYSE: DBRG) to a a Neutral rating in its most recent analyst report. Previously, the stock was rated as an Underweight. The consensus rating for DigitalBridge Group Inc. (DBRG) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell DBRG, while 2 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”.

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