The stock of DigitalBridge Group Inc (DBRG) has gone up by 2.86% for the week, with a 15.08% rise in the past month and a 17.28% rise in the past quarter. The volatility ratio for the week is 4.26%, and the volatility levels for the past 30 days are 3.65% for DBRG. The simple moving average for the last 20 days is 6.99% for DBRG’s stock, with a simple moving average of 6.37% for the last 200 days.
Is It Worth Investing in DigitalBridge Group Inc (NYSE: DBRG) Right Now?
DigitalBridge Group Inc (NYSE: DBRG) has a higher price-to-earnings ratio of 7.35x compared to its average ratio, The 36-month beta value for DBRG is at 1.98. Analysts have varying views on the stock, with 8 analysts rating it as a “buy,” 1 rating it as “overweight,” 0 as “hold,” and 0 as “sell.”
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The public float for DBRG is 171.72M, and currently, shorts hold a 9.68% of that float. The average trading volume for DBRG on October 29, 2024 was 2.49M shares.
DBRG) stock’s latest price update
DigitalBridge Group Inc (NYSE: DBRG) has experienced a decline in its stock price by -1.78 compared to its previous closing price of 16.86. However, the company has seen a gain of 2.86% in its stock price over the last five trading days. businesswire.com reported 2024-10-28 that BOCA RATON, Fla. & LONDON–(BUSINESS WIRE)–DigitalBridge Group, Inc. (NYSE: DBRG) (“DigitalBridge”), a leading global alternative asset manager dedicated to investing in digital infrastructure, today announced it has reached an agreement to acquire Yondr Group (“Yondr”), a global developer and operator of hyperscale data centers, through one of its managed investment funds (the “DigitalBridge Fund”). Yondr has established itself as a key player in the digital infrastructure sector, addressing.
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 17.70% 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 -21.11% of loss for the given period.
Volatility was left at 3.65%, however, over the last 30 days, the volatility rate increased by 4.26%, as shares surge +17.20% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +37.31% upper at present.
During the last 5 trading sessions, DBRG rose by +2.86%, which changed the moving average for the period of 200-days by -7.02% in comparison to the 20-day moving average, which settled at $15.48. In addition, DigitalBridge Group Inc saw -5.59% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for DBRG
Current profitability levels for the company are sitting at:
- 0.47 for the present operating margin
- 0.9 for the gross margin
The net margin for DigitalBridge Group Inc stands at 0.38. The total capital return value is set at 0.18. Equity return is now at value 31.07, with 7.44 for asset returns.
Based on DigitalBridge Group Inc (DBRG), the company’s capital structure generated 0.13 points at debt to capital in total, while cash flow to debt ratio is standing at 0.46. The debt to equity ratio resting at 0.15. The interest coverage ratio of the stock is 9.53.
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 2.28. The receivables turnover for the company is 12.54for trailing twelve months and the total asset turnover is 0.37.
Conclusion
In conclusion, DigitalBridge Group Inc (DBRG) has had a better performance lately. Opinion on the stock among analysts is bullish, with some giving it a “buy” rating and others a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
