DigitalBridge Group Inc [NYSE: DBRG] stock went on a downward path that fall over -14.17% on Wednesday, amounting to a one-week price decrease of less than -17.77%.
Over the last 12 months, DBRG stock rose by 16.61%. The one-year DigitalBridge Group Inc stock forecast points to a potential upside of 37.98. The average equity rating for DBRG stock is currently 1.00, trading closer to a bullish pattern in the stock market.
The market cap for the stock reached $2.45 billion, with 173.79 million shares outstanding and 171.59 million shares in the current float. Compared to the average trading volume of 2.17M shares, DBRG stock reached a trading volume of 11485806 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on 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 $22.75 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 1.00. 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.
B. Riley Securities have made an estimate for DigitalBridge Group Inc shares, keeping their opinion on the stock as Buy, with their previous recommendation back on December 06, 2023. While these analysts kept the previous recommendation, JP Morgan raised their target price from $19 to $25. The new note on the price target was released on September 28, 2023, representing the official price target for DigitalBridge Group Inc stock. Previously, the target price had yet another raise from $12.50 to $17.50, while Keefe Bruyette kept a Outperform rating on DBRG stock.
The Average True Range (ATR) for DigitalBridge Group Inc is set at 0.73, with the Price to Sales ratio for DBRG stock in the period of the last 12 months amounting to 1.63. The Price to Book ratio for the last quarter was 2.27, with the Price to Cash per share for the same quarter was set at 2.02.
DBRG Stock Performance Analysis:
DigitalBridge Group Inc [DBRG] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -17.77. With this latest performance, DBRG shares dropped by -25.34% in over the last four-week period, additionally sinking by -11.37% over the last 6 months – not to mention a rise of 16.61% 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 20.26, with the RSI for the last a single of trading hit 14.13, and the three-weeks RSI is set at 25.99 for DigitalBridge Group Inc [DBRG]. The present Moving Average for the last 50 days of trading for this stock 18.14, while it was recorded at 16.29 for the last single week of trading, and 17.39 for the last 200 days.
DBRG Stock EPS
With the latest financial reports released by the company, DigitalBridge Group Inc posted -0.14/share EPS, while the average EPS was predicted by analysts to be reported at -0.25/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 44.00%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for DBRG.
DigitalBridge Group Inc [DBRG] Institutonal Ownership Details
The top three institutional holders of DBRG stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.4983%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $200.69 billion in DBRG stocks shares; and BERKSHIRE HATHAWAY INC, currently with $174.35 billion in DBRG stock with ownership which is approximately 5.8386%.
