DigitalBridge Group Inc. (NYSE:DBRG) saw an upside of 3.93% to close Monday at $16.68 after adding $0.63 on the day. The 5-day average trading volume is 1,649,200 shares of the company’s common stock. It has gained $16.74 in the past week and touched a new high 3 times within the past 5 days. An average of 1,662,245 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 1,935,752.
DBRG’s 1-month performance is 8.74% or $1.34 on its low of $14.48 reached on 07/27/23. The company’s shares have touched a 52-week low of $9.99 and high of $23.44, with the stock’s rally to the 52-week high happening on 07/19/23. YTD, DBRG has achieved 52.47% or $5.74 and has reached a new high 17 times. However, the current price is down -28.84% from the 52-week high price.
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Insider Transactions
DBRG stock investors last saw insider trading activity on Mar 01.DigitalBridge Group, Inc. (10% Owner) most recently sold 34,911,944 shares at $6.00 per share on Mar 01. This transaction cost the insider $209,471,664.
Valuation Metrics
DBRG stock has a beta of 2.07. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 2.35 while the price-to-book (PB) in the most recent quarter is 4.07, with the price to cash flow ratio at 9.39.
As well, the company’s long term debt to equity for the quarter ending March 30 was 8.33, while the total debt to equity was 8.33. In terms of profitability, the gross margin trailing 12 months is 62.00%. The firm’s gross profit as reported stood at -$635.02 million against revenue of $1.14 billion.
Earnings Surprise
For the quarterly period ending March 30 this year, Net income and sales went up compared to those figures reported in the previous quarter. Net income shrunk -1070.55% to -$22.41 million, while revenue of -$19.36 million was 13.61% off the previous quarter. Analysts expected DBRG to announce -$0.12 per share in earnings in its latest quarter, but it posted -$1.34, representing a -1,016.70% surprise. EBITDA for the quarter stood at more than $121.99 million. Shareholders hold equity totaling $162.64 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 07 August was 63.95% to suggest the stock is trending Neutral, with historical volatility in this time period at 68.17%.
The stock’s 5-day moving average is $16.08, reflecting a +4.12% or $0.66 change from its current price. DBRG is currently trading +7.75% above its 20-day SMA, +42.44% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +50.27% and SMA200 by+25.13%.
Stochastic %K and %D was 59.27% and 52.92% and the average true range (ATR) pointed at 0.70. The RSI (14) points at 62.38%, while the 14-day stochastic is at 75.90% with the period’s ATR at 0.67. The stock’s 9-day MACD Oscillator is pointing at 0.35 and 0.13 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for DigitalBridge Group Inc. (NYSE: DBRG), Keefe Bruyette upgraded it to an Outperform rating. They previously had a Mkt perform 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 8 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 $14.00 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 $21.83.
