DigitalBridge Group Inc (DBRG) Shares Decline Despite Market Challenges

DigitalBridge Group Inc (NYSE: DBRG)’s stock price has dropped by -2.38 in relation to previous closing price of 19.36. Nevertheless, the company has seen a gain of 1.61% in its stock price over the last five trading days. Seeking Alpha reported 2024-03-29 that Preferred stocks offer essential stability and income reliability in retirement. Perpetual preferreds from well-managed issuers are an excellent source of “forever” income. Keep reading to discover how the income safety from these two preferreds just got a boost.

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 31.00x. The 36-month beta value for DBRG is also noteworthy at 1.94. There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”

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The public float for DBRG is 161.39M, and at present, short sellers hold a 13.95% of that float. The average trading volume of DBRG on April 03, 2024 was 2.16M shares.

DBRG’s Market Performance

DBRG’s stock has seen a 1.61% increase for the week, with a 1.89% rise in the past month and a 7.75% gain in the past quarter. The volatility ratio for the week is 2.56%, and the volatility levels for the past 30 days are at 2.88% for DigitalBridge Group Inc The simple moving average for the last 20 days is 1.63% for DBRG’s stock, with a simple moving average of 10.93% 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 -0.85% 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 -9.96% of loss for the given period.

Volatility was left at 2.88%, however, over the last 30 days, the volatility rate increased by 2.56%, as shares surge +3.00% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +3.22% upper at present.

During the last 5 trading sessions, DBRG rose by +1.61%, which changed the moving average for the period of 200-days by +36.17% in comparison to the 20-day moving average, which settled at $18.62. In addition, DigitalBridge Group Inc saw 7.75% 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 2.1. The receivables turnover for the company is 15.75for trailing twelve months and the total asset turnover is 0.42.

Conclusion

In summary, DigitalBridge Group Inc (DBRG) has had a better performance as of late. Analysts have mixed opinions on the stock, with some viewing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.

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