At the last check on Friday, DigitalBridge Group Inc.’s (NYSE:DBRG) stock was up $0.53, moving up 3.34 percent to $16.39. The average number of shares traded per day over the past five days has been 1,128,219 shares. 2 times new highs have been achieved over the past 5 days, with a $1.20 gain in that time frame. In the last twenty days, the average volume was 1,538,985, while in the previous 50 days, it was 1,893,206.
Since last month, DBRG stock rose 12.26%. Shares of the company fell to $14.10 on 07/06/23, the lowest level in the past month. A 52-week high of $23.44 was reached on 07/19/23 after having rallying from a 52-week low of $9.99. Since the beginning of this year, DBRG’s stock price has risen by 49.82% or $5.67, and marked a new high 17 times. However, the stock has declined by -30.08% since its 52-week high.
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DBRG stock investors should be aware that DigitalBridge Group Inc. (DBRG) stock had its last reported insider trading activity 156 days ago on Mar 01. DigitalBridge Group, Inc., the 10% Owner of the company, disposed of 34,911,944 shares for $6.00 on Mar 01. It resulted in a $209,471,664 divestment by the insider. Ganzi Marc C added 32,000 shares at an average price of $15.22 on Sep 20. The insider now owns 386,423 shares following the transaction. On Sep 20, Chief Operating Officer Stewart Liam bought 3,300 shares at $15.26 apiece. The transaction was valued at $50,348.
Valuation Metrics
The stock’s beta is 2.08. Besides these, the trailing price-to-sales (P/S) ratio of 2.21, the price-to-book (PB) ratio of 3.98, and the price-to-cash flow ratio of 8.98 may also be considered.
The latest dividend of $0.01 per share was paid out, remained unchanged from last year’s $0.01.
Financial Health
According to company report, the long-term debt-to-equity ratio for the quarter ending March 30 was 8.37, and the total debt-to-equity ratio was 8.37. On the profitability front, the trailing twelve-month gross margin is 62.00% percent. In the year ended March 30, operating margins totaled -38.80%. Based on annual data, DBRG earned -$635.02 million in gross profit and brought in $1.14 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was -6.80%. Return on equity (ROE) for the past 12 months was -42.30%.
In DigitalBridge Group Inc.’s quarter-end financial report for March 30, it reported total debt of $5.16 billion. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. DBRG’s revenue rose 262.53% to $296.62 million during the quarter, while net income inched up to $301.08 million. While analysts expected DigitalBridge Group Inc. to report -$0.12 quarterly earnings, the actual figure was -$1.34 per share, beating the consensus estimate by -1,016.70%. During the quarter, the company generated $19.66 million in EBITDA. The value of shareholders’ equity is $162.05 million.
Technical Picture
This quick technical analysis looks at DigitalBridge Group Inc.’s (DBRG) price momentum. With a historical volatility rate of 70.06%, the RSI 9-day stood at 62.41% on 03 August.
With respect to its five-day moving average, the current DigitalBridge Group Inc. price is up by +7.79% percent or $1.20. At present, DBRG shares trade +8.28% above its 20-day simple moving average and +47.12% percent above its 100-day simple moving average. However, the stock is currently trading approximately +45.57% above its SMA50 and +32.56% above its SMA200.
Stochastic coefficient K was 56.97% and Stochastic coefficient D was 52.23%, while ATR was 0.68. Given the Stochastic reading of 73.49% for the 14-day period, the RSI (14) reading has been calculated as 61.52%. As of today, the MACD Oscillator reading stands at 0.29, while the 14-day reading stands at 0.01.
Analyst Ratings
Keefe Bruyette upgraded its rating on DigitalBridge Group Inc. (NYSE: DBRG) to an Outperform in a note to investors on June 05, 2023. The analysts firm previously had a Mkt perform rating on the stock.DigitalBridge Group Inc. (DBRG) has been rated Buy by analysts. According to 0 brokerage firms, DBRG is a sell, and 1 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate DigitalBridge Group Inc. stock as buy, with 7 recommending it as overweight.
With a median target price of $18.50, the current consensus forecast for the stock is $14.00 – $27.00. Based on these forecasts, analysts predict DigitalBridge Group Inc. (DBRG) will achieve an average price target of $19.31.
