Market Momentum Report: DigitalBridge Group Inc (DBRG)’s Negative Close at 16.13

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The price of DigitalBridge Group Inc (NYSE: DBRG) closed at $16.13 in the last session, down -1.59% from day before closing price of $16.39. In other words, the price has decreased by -$1.59 from its previous closing price. On the day, 1.87 million shares were traded. DBRG stock price reached its highest trading level at $16.79 during the session, while it also had its lowest trading level at $16.12.

Ratios:

We take a closer look at DBRG’s different ratios to gain a better understanding of the stock. In the meantime, Its Debt-to-Equity ratio is 0.17 whereas as Long-Term Debt/Eq ratio is at 0.17.

On September 28, 2023, JP Morgan Upgraded its rating to Overweight which previously was Neutral and also upped its target price recommendation from $19 to $25.

Keefe Bruyette Upgraded its Mkt Perform to Outperform on June 05, 2023, whereas the target price for the stock was revised from $12.50 to $17.50.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, DBRG now has a Market Capitalization of 3051102208 and an Enterprise Value of 4168028928. As of this moment, DigitalBridge’s Price-to-Earnings (P/E) ratio for their current fiscal year is 7.16, and their Forward P/E ratio for the next fiscal year is 381.14. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.72. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.32 while its Price-to-Book (P/B) ratio in mrq is 2.38. Its current Enterprise Value per Revenue stands at 3.917 whereas that against EBITDA is 27.854.

Stock Price History:

Over the past 52 weeks, DBRG has reached a high of $20.99, while it has fallen to a 52-week low of $11.07. The 50-Day Moving Average of the stock is 13.32%, while the 200-Day Moving Average is calculated to be 3.73%.

Shares Statistics:

According to the various share statistics, DBRG traded on average about 2.53M shares per day over the past 3-months and 2030260 shares per day over the past 10 days. A total of 173.87M shares are outstanding, with a floating share count of 171.72M. Insiders hold about 1.23% of the company’s shares, while institutions hold 96.49% stake in the company. Shares short for DBRG as of 1728950400 were 16627742 with a Short Ratio of 6.57, compared to 1726185600 on 17019134. Therefore, it implies a Short% of Shares Outstanding of 16627742 and a Short% of Float of 11.459999999999999.

Dividends & Splits

The forward annual dividend rate for DBRG is 0.04, which was 0.04 in the trailing 12 months. Against a Trailing Annual Dividend Yield of 0.0024405126The stock’s 5-year Average Dividend Yield is 9.92.

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