DigitalBridge Group Inc (NYSE:DBRG) saw an upside of 1.81% to $16.60 after adding $0.29 on Wednesday. The 5-day average trading volume is 1,346,011 shares of the company’s common stock. It has gained $17.14 in the past week and touched a new high 1 time within the past 5 days. An average of 1,432,803 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 1,637,837.
DBRG’s 1-month performance is -0.75% or $0.40 on its low of $16.10 reached on 09/25/23. The company’s shares have touched a 52-week low of $9.99 and high of $18.43, with the stock’s rally to the 52-week high happening on 09/14/23. YTD, DBRG has achieved 51.78% or $5.71 and has reached a new high 23 times. However, the current price is down -9.93% 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 2.05. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 2.12 while the price-to-book (PB) in the most recent quarter is 4.17.
As well, the company’s long term debt to equity for the quarter ending June 29 was 4.06, while the total debt to equity was 4.07. In terms of profitability, the gross margin trailing 12 months is 22.40%. 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 June 29 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 -$0.25 per share in earnings in its latest quarter, but it posted -$0.14, representing a 44.00% 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 26 September was 44.11% to suggest the stock is trending Neutral, with historical volatility in this time period at 44.34%.
The stock’s 5-day moving average is $16.56, reflecting a -4.26% or -$0.74 change from its current price. DBRG is currently trading -3.70% above its 20-day SMA, +55.90% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -2.00% and SMA200 by+31.83%.
Stochastic %K and %D was 24.27% and 20.84% and the average true range (ATR) pointed at 0.69. The RSI (14) points at 46.98%, while the 14-day stochastic is at 23.55% with the period’s ATR at 0.67. The stock’s 9-day MACD Oscillator is pointing at -0.44 and -0.62 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.
What is DBRG’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $19.00 and a high of $27.00, 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 $21.61.
