DigitalBridge Group Inc (NYSE: DBRG)’s stock price has plunge by 1.90relation to previous closing price of 18.90. Nevertheless, the company has seen a 5.71% surge in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-03-22 that DigitalBridge Group (DBRG) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock doesn’t suggest further strength down the road.
Is It Worth Investing in DigitalBridge Group Inc (NYSE: DBRG) Right Now?
The price-to-earnings ratio for DigitalBridge Group Inc (NYSE: DBRG) is above average at 31.59x, Company’s 36-month beta value is 1.93.Analysts have differing opinions on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
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The public float for DBRG is 161.48M, and currently, short sellers hold a 13.94% ratio of that floaft. The average trading volume of DBRG on March 28, 2024 was 2.13M shares.
DBRG’s Market Performance
DBRG’s stock has seen a 5.71% increase for the week, with a 7.30% rise in the past month and a 11.91% gain in the past quarter. The volatility ratio for the week is 3.36%, and the volatility levels for the past 30 days are at 2.93% for DigitalBridge Group Inc The simple moving average for the last 20 days is 4.37% for DBRG stock, with a simple moving average of 13.53% for the last 200 days.
Analysts’ Opinion of DBRG
Many brokerage firms have already submitted their reports for DBRG stocks, with B. Riley Securities repeating the rating for DBRG by listing it as a “Buy.” The predicted price for DBRG in the upcoming period, according to B. Riley Securities is $27 based on the research report published on December 06, 2023 of the previous year 2023.
JP Morgan, on the other hand, stated in their research note that they expect to see DBRG reach a price target of $25, previously predicting the price at $19. The rating they have provided for DBRG stocks is “Overweight” according to the report published on September 28th, 2023.
Keefe Bruyette gave a rating of “Outperform” to DBRG, setting the target price at $17.50 in the report published on June 05th of the previous year.
DBRG Trading at 1.51% from the 50-Day Moving Average
After a stumble in the market that brought DBRG to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -8.24% of loss for the given period.
Volatility was left at 2.93%, however, over the last 30 days, the volatility rate increased by 3.36%, as shares surge +6.29% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +7.72% upper at present.
During the last 5 trading sessions, DBRG rose by +5.71%, which changed the moving average for the period of 200-days by +33.38% in comparison to the 20-day moving average, which settled at $18.51. In addition, DigitalBridge Group Inc saw 9.81% in overturn over a single year, with a tendency to cut further gains.
Stock Fundamentals for DBRG
Current profitability levels for the company are sitting at:
- 0.34 for the present operating margin
- 0.79 for the gross margin
The net margin for DigitalBridge Group Inc stands at 0.07. The total capital return value is set at 0.15. Equity return is now at value 13.42, with 3.19 for asset returns.
Based on DigitalBridge Group Inc (DBRG), the company’s capital structure generated 0.17 points at debt to capital in total, while cash flow to debt ratio is standing at 0.63. The debt to equity ratio resting at 0.21. The interest coverage ratio of the stock is 2.89.
Currently, EBITDA for the company is 341.52 million with net debt to EBITDA at 0.1. When we switch over and look at the enterprise to sales, we see a ratio of 2.14. The receivables turnover for the company is 15.75for trailing twelve months and the total asset turnover is 0.42.
Conclusion
In a nutshell, DigitalBridge Group Inc (DBRG) has experienced a better performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
