DigitalBridge Group Inc. (DBRG) touched a new high 2 times within the past 5 days.

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DigitalBridge Group Inc. (NYSE:DBRG) saw an upside of 5.26% to close Tuesday at $12.81 after adding $0.64 on the day. The 5-day average trading volume is 1,524,980 shares of the company’s common stock. It has gained $12.93 in the past week and touched a new high 2 times within the past 5 days. An average of 1,463,810 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 1,775,594.

DBRG’s 1-month performance is 13.97% or $1.73 on its low of $10.39 reached on 12/28/22. The company’s shares have touched a 52-week low of $10.39 and high of $32.12, with the stock’s rally to the 52-week high happening on 01/24/23. YTD, DBRG has achieved 17.09% or $1.87 and has reached a new high 7 times. However, the current price is down -60.12% from the 52-week high price.

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Valuation Metrics

DBRG stock has a beta of 2.01. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 1.81 while the price-to-book (PB) in the most recent quarter is 2.44, with the price to cash flow ratio at 7.62.

As well, the company’s long term debt to equity for the quarter ending September 29 was 6.39, while the total debt to equity was 6.39.. In terms of profitability, the gross margin trailing 12 months is 63.50%. The firm’s gross profit as reported stood at -$522.43 million against revenue of $965.8 million.

Earnings Surprise

For the quarterly period ending September 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Net income grew 164.86% to -$63.27 million, while revenue of -$37.32 million was 41.01% off the previous quarter. Analysts expected DBRG to announce -$0.21 per share in earnings in its latest quarter, but it posted -$0.39, representing a -85.70% surprise. EBITDA for the quarter stood at more than -$48.49 million. Shareholders hold equity totaling $159.9 million.

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 24 January was 69.38% to suggest the stock is trending Neutral, with historical volatility in this time period at 35.30%.

The stock’s 5-day moving average is $12.09, reflecting a +5.96% or $0.72 change from its current price. DBRG is currently trading +15.61% above its 20-day SMA, -29.38% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +6.84% and SMA200 by-55.52%.

Stochastic %K and %D was 88.09% and 79.44% and the average true range (ATR) pointed at 0.53. The RSI (14) points at 60.55%, while the 14-day stochastic is at 94.93% with the period’s ATR at 0.55. The stock’s 9-day MACD Oscillator is pointing at 0.27 and 0.61 on the 14-day charts.

Analyst Ratings

In the most recent analyst report for DigitalBridge Group Inc. (NYSE: DBRG), JP Morgan upgraded it to a Neutral rating. They previously had an Underweight rating on the stock. Analysts offering their rating for DBRG stock have a consensus rating for the stock as Overweight. Currently, 0 brokerage advisors rate DBRG as a “sell,”, while 2 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 6 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 $12.50 and a high of $35.00, with their median price target at $20.00. Looking at these predictions, the average price target given by analysts is for DigitalBridge Group Inc. (DBRG) stock is $22.06.

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