As of Wednesday close, DigitalBridge Group Inc.’s (NYSE:DBRG) stock was down -$0.8, moving down -4.71 percent to $16.18. The average number of shares traded per day over the past five days has been 1,716,060 shares. 2 times new highs have been achieved over the past 5 days, with a -$0.74 fall in that time frame. In the last twenty days, the average volume was 1,573,435, while in the previous 50 days, it was 1,768,574.
Since last month, DBRG stock retreated -4.77%. Shares of the company fell to $14.48 on 07/27/23, the lowest level in the past month. A 52-week high of $23.44 was reached on 08/14/23 after having rallying from a 52-week low of $9.99. Since the beginning of this year, DBRG’s stock price has risen by 47.90% or $5.24, and marked a new high 19 times. However, the stock has declined by -30.97% 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 169 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 2.05. Besides these, the trailing price-to-sales (P/S) ratio of 2.04, the price-to-book (PB) ratio of 3.95, and the price-to-cash flow ratio of 9.25 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 June 29 was 8.54, and the total debt-to-equity ratio was 8.54. On the profitability front, the trailing twelve-month gross margin is 66.10% percent. In the year ended June 29, operating margins totaled -33.80%. 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 -42.10%.
In DigitalBridge Group Inc.’s quarter-end financial report for June 29, it reported total debt of $370.46 million. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. DBRG’s revenue rose 39.41% to $301.08 million during the quarter, while net income inched up to $424.93 million. While analysts expected DigitalBridge Group Inc. to report -$0.25 quarterly earnings, the actual figure was -$0.14 per share, beating the consensus estimate by 44.00%. During the quarter, the company generated $121.99 million in EBITDA. The value of shareholders’ equity is $162.64 million.
Technical Picture
This quick technical analysis looks at DigitalBridge Group Inc.’s (DBRG) price momentum. With a historical volatility rate of 38.58%, the RSI 9-day stood at 45.07% on 16 August.
With respect to its five-day moving average, the current DigitalBridge Group Inc. price is down by -4.37% percent or -$0.74. At present, DBRG shares trade -4.49% below its 20-day simple moving average and +56.63% percent above its 100-day simple moving average. However, the stock is currently trading approximately +14.43% above its SMA50 and +22.30% above its SMA200.
Stochastic coefficient K was 73.31% and Stochastic coefficient D was 81.52%, while ATR was 0.68. Given the Stochastic reading of 49.29% for the 14-day period, the RSI (14) reading has been calculated as 50.84%. As of today, the MACD Oscillator reading stands at 0.01, while the 14-day reading stands at 0.37.
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 8 recommending it as overweight.
With a median target price of $20.00, the current consensus forecast for the stock is $19.00 – $35.00. Based on these forecasts, analysts predict DigitalBridge Group Inc. (DBRG) will achieve an average price target of $23.28.
