DigitalBridge Group Inc (NYSE:DBRG) finished Friday with an addition of $0.26 to close at $17.58, an upside of 1.50 percent. An average of 2,020,200 shares of common stock have been traded in the last five days. There was a gain of $1.17 in the past week, and it reached a new high 17 times over the past 12 months. The last 20 days have seen an average of 1,615,780 shares traded, while the 50-day average volume stands at 1,605,086.
DBRG stock has increased by 1.62% in the last month. The company shares reached their 1-month lowest point of $16.10 on 09/25/23. With the stock rallying to its 52-week high on 09/14/23, shares of the company touched a low of $9.99 and a high of $18.43 in 52 weeks. It has reached a new high 23 times so far this year and achieved 60.69% or $6.64 in price. In spite of this, the price is down -4.64% 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 213 days ago on Mar 01.
Valuation Metrics
DigitalBridge Group Inc (DBRG) stock’s beta is 2.04. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 2.25, the price-to-book (PB) ratio at 4.42.
Financial Health
Further, the company has a long term debt to equity ratio of 4.06 and a total debt to equity ratio of 4.07 for the quarter ending June 29. Its gross profit as reported stood at -$635.02 million compared to revenue of $1.14 billion.
Earnings Surprise
For the three-month period that ended June 29, DigitalBridge Group Inc had $370.46 million in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of -$22.41 million in the quarter, while revenues of -$19.36 million were shrunk -1070.55%. The analyst consensus anticipated DigitalBridge Group Inc’s latest quarter earnings to come in at -$0.25 per share, but it turned out to be -$0.14, a 44.00% surprise. For the quarter, EBITDA amounted to $121.99 million. At the end of the quarter ending June 29, DigitalBridge Group Inc’s stock balance sheet showed total debt was $5.84 billion. Shareholders own equity worth $162.64 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at DigitalBridge Group Inc (DBRG) price momentum. RSI 9-day as of the close on 29 September was 57.32%, suggesting the stock is Neutral, with historical volatility in this time frame at 52.84%.
As of today, DBRG’s price is $16.96 +7.13% or $1.17 from its 5-day moving average. DBRG is currently trading +0.92% higher than its 20-day SMA and +56.54% higher than its 100-day SMA. However, the stock’s current price level is +6.35% above the SMA50 and +40.53% above the SMA200.
The stochastic %K and %D were 44.68% and 31.26%, respectively, and the average true range (ATR) was 0.71. With the 14-day stochastic at 63.38% and the average true range at 0.68, the RSI (14) stands at 55.95%. The stock has reached 0.17 on the 9-day MACD Oscillator while the 14-day reading was at -0.16.
Analyst Ratings
JP Morgan upgraded DigitalBridge Group Inc (NYSE: DBRG) to a an Overweight rating in its most recent analyst report. Previously, the stock was rated as a Neutral. The consensus rating for DigitalBridge Group Inc (DBRG) among analysts is Buy. According to current brokerage recommendations, 0 brokerage firms advise that investors sell DBRG, while 0 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 9 others rate it as a “buy”.
What is DBRG’s price target for the next 12 months?
Analysts predict a range of price targets between $19.00 and $27.00, with a median target of $20.00. Taking a look at these predictions, the average price target given by analysts for DigitalBridge Group Inc (DBRG) stock is $22.28.
