The stock of DigitalBridge Group Inc. (NYSE:DBRG) decreased by -$0.18 on Tuesday to finish at $17.82, down -1.00 percent. The last five days have seen an average of 1,644,040 shares of common stock traded. 23 times new highs were reached in the current year, with a gain of $6.88. The average number of shares traded over the last 20 days was 1,377,985, while the average volume over the last 50 days totaled 1,612,988.
DBRG stock appreciated 15.71% since last month. On 08/21/23, the company’s shares reached a one-month low of $15.08. The stock touched a high of $18.43 on 09/14/23, after rallying from a low of $9.99 in 52 weeks. The price of DBRG stock has risen by 62.89% or $6.88 this year, reaching a new high 23 times. Still, the stock price is down -3.34% from the 52-week high.
Insider Transactions
DBRG stock investors should be aware that DigitalBridge Group Inc. (DBRG) stock had its last reported insider trading activity 203 days ago on Mar 01. On Mar 01, 10% Owner DigitalBridge Group, Inc. sold 34,911,944 shares at $6.00 each. This transaction resulted in the insider making $209,471,664.
Valuation Metrics
Beta for the stock is 2.06. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 2.32, the price-to-book (PB) ratio of 4.35, and the price-to-cash flow ratio of 10.51.
Company paid $0.01 per share in dividends, remained unchanged from $0.01 last year.
Financial Health
The company’s long-term debt to equity ratio for the quarter ending June 29 is 8.54, and the total debt to equity ratio is 8.54. As far as profitability goes, gross margin for the trailing twelve months is 66.10% percent. DigitalBridge Group Inc.’s operating margin stood at -33.80% for the same period. Based on annual data, it had gross profit of -$635.02 million and revenue of $1.14 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. DBRG’s return on assets (ROA) during the last 12 months has been -2.90%. There was a -6.80% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was -42.10%.
Earnings Surprise
According to DigitalBridge Group Inc.’s quarterly financial report for the quarter that ended June 29. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $424.93 million, while revenues rose by 39.41% to $301.08 million. It was predicted that DigitalBridge Group Inc.’s quarterly earnings would be -$0.14, but it ended up being -$0.25, beating the consensus by 44.00%. EBITDA was $121.99 million for the quarter. At the end of DigitalBridge Group Inc.’s most recent quarter ended June 29, its total debt was $5.84 billion. Equity owned by shareholders amounts to $162.64 million.
Technical Picture
Here’s a quick look at DigitalBridge Group Inc.’s (DBRG) price momentum from a technical perspective. As of 19 September, the RSI 9-day stood at 60.16%, suggesting the stock is Neutral, with a 28.59% historical volatility rate.
The stochastic %K and %D were 73.98% and 79.63% respectively, while the average true range (ATR) was 0.57. Based on the 14-day stochastic reading of 68.05%, the RSI (14) reading is 60.39%. On the 9-day MACD Oscillator, the stock is at 0.27, and the 14-day reading is at 0.43.
Analyst Ratings
In its most recent analyst report, Keefe Bruyette raised its rating on DigitalBridge Group Inc. (NYSE: DBRG) to an Outperform. Prior to this, analysts firm rated the stock as a Mkt perform. Analysts have assigned DigitalBridge Group Inc. (DBRG) an Buy rating. DBRG is a stock that is recommended for selling by 0 brokerage firms, while 1 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 0 rates it overweight and 8 others recommend it as a buy.
What is DBRG’s price target for the next 12 months?
The current consensus forecast for the stock is between $19.00 and $27.00, with a median target price of $20.00. In analyzing these forecasts, the average price target given by analysts for DigitalBridge Group Inc. (DBRG) is $21.61.
