DigitalBridge Group Inc (NYSE:DBRG) shares, rose in value, with the stock price down by -0.64% to the previous day’s close as strong demand from buyers drove the stock to $17.05.
Actively observing the price movement in the last trading, the stock closed the session at $17.16. The value of beta (5-year monthly) was 1.95 whereas the PE ratio was 27.97 over 12-month period. Referring to stock’s 52-week performance, its high was $20.99, and the low was $10.20. On the whole, DBRG has fluctuated by -9.79% over the past month.
With the market capitalization of DigitalBridge Group Inc currently standing at about $2.96 billion, investors are eagerly awaiting this quarter’s results, scheduled for Apr 30, 2024. The company’s Forward Dividend Ratio is 0.04, with its dividend yield at 0.23%.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that DBRG’s technical picture suggests that short-term indicators denote the stock is a 50% Sell on average. However, medium-term indicators have put the stock in the category of 50% Buy while long-term indicators on average have been pointing out that it is a 50% Sell.
The stock’s technical analysis shows that the PEG ratio is about 0, with the price of DBRG currently trading nearly -6.47% and -7.71% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 35.97, while the 7-day volatility ratio is showing 3.07% which for the 30-day chart, stands at 2.95%. Furthermore, DigitalBridge Group Inc (DBRG)’s beta value is 1.95, and its average true range (ATR) is 0.58.
A comparison of DigitalBridge Group Inc (DBRG) with its peers suggests the former has fared considerably weaker in the market. DBRG showed an intraday change of -0.64% in last session, and over the past year, it grew by 45.60%%.
Data on historical trading for DigitalBridge Group Inc (NYSE:DBRG) indicates that the trading volumes over the past 3 months, they’ve averaged 1.98 million. According to company’s latest data on outstanding shares, there are 173.79 million shares outstanding.
Nearly 1.27% of DigitalBridge Group Inc’s shares belong to company insiders and institutional investors own 88.31% of the company’s shares. The stock has fallen by -2.79% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the DBRG stock heading into the next quarter.
