DigitalBridge Group Inc. [NYSE: DBRG] loss -4.75% or -0.3 points to close at $6.02 with a heavy trading volume of 9461263 shares. The company report on May 11, 2022 that Switch to be Taken Private by DigitalBridge Investment Management and IFM in $11 Billion Transaction.
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Switch Common Stockholders to Receive $34.25 Per Share in Cash.
Transaction Partners Switch with Preeminent Infrastructure Investment Consortium to Accelerate Company’s Long-Term Vision for Growth .
It opened the trading session at $6.25, the shares rose to $6.28 and dropped to $6.00, the range by which the price of stock traded the whole day. The daily chart for DBRG points out that the company has recorded -27.12% loss over the past six months. However, it is still -14.23% lower than its most recent low trading price.
If we look at the average trading volume of 4.03M shares, DBRG reached to a volume of 9461263 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying about DigitalBridge Group Inc. [DBRG]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for DBRG shares is $9.86 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on DBRG stock is a recommendation set at 2.10. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
JP Morgan have made an estimate for DigitalBridge Group Inc. shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on March 18, 2022. While these analysts kept the previous recommendation, JP Morgan raised their target price to Underweight. The new note on the price target was released on February 14, 2022, representing the official price target for DigitalBridge Group Inc. stock. Previously, the target price had yet another raise to $11, while RBC Capital Mkts analysts kept a Outperform rating on DBRG stock. On October 07, 2021, analysts increased their price target for DBRG shares from 8.50 to 9.
The Average True Range (ATR) for DigitalBridge Group Inc. is set at 0.32, with the Price to Sales ratio for DBRG stock in the period of the last 12 months amounting to 3.79. The Price to Book ratio for the last quarter was 6.40, with the Price to Cash per share for the same quarter was set at 1.77. Price to Free Cash Flow for DBRG in the course of the last twelve months was 13.91.
Trading performance analysis for DBRG stock
DigitalBridge Group Inc. [DBRG] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -0.33. With this latest performance, DBRG shares dropped by -13.51% in over the last four-week period, additionally sinking by -27.12% over the last 6 months – not to mention a drop of -13.38% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for DBRG stock in for the last two-week period is set at 44.47, with the RSI for the last a single of trading hit 46.08, and the three-weeks RSI is set at 44.01 for DigitalBridge Group Inc. [DBRG]. The present Moving Average for the last 50 days of trading for this stock 6.69, while it was recorded at 6.09 for the last single week of trading, and 7.08 for the last 200 days.
DigitalBridge Group Inc. [DBRG]: A deeper dive into fundamental analysis
Operating Margin for any stock indicates how profitable investing would be, and DigitalBridge Group Inc. [DBRG] shares currently have an operating margin of -34.14 and a Gross Margin at +11.38. DigitalBridge Group Inc.’s Net Margin is presently recorded at +30.03.
Return on Equity for this stock inclined to 12.48, with Return on Assets sitting at 1.69.
An analysis of insider ownership at DigitalBridge Group Inc. [DBRG]
There are presently around $2,909 million, or 71.40% of DBRG stock, in the hands of institutional investors. The top three institutional holders of DBRG stocks are: VANGUARD GROUP INC with ownership of 74,983,124, which is approximately 2.274% of the company’s market cap and around 0.70% of the total institutional ownership; BLACKROCK INC., holding 44,258,022 shares of the stock with an approximate value of $279.71 million in DBRG stocks shares; and CAPITAL INTERNATIONAL INVESTORS, currently with $180.56 million in DBRG stock with ownership of nearly 0% of the company’s market capitalization.
163 institutional holders increased their position in DigitalBridge Group Inc. [NYSE:DBRG] by around 47,933,296 shares. Additionally, 159 investors decreased positions by around 45,741,204 shares, while 62 investors held positions by with 366,549,643 shares. The mentioned changes placed institutional holdings at 460,224,143 shares, according to the latest SEC report filing. DBRG stock had 47 new institutional investments in for a total of 3,098,412 shares, while 63 institutional investors sold positions of 19,772,323 shares during the same period.