DigitalBridge Group Inc. (NYSE: DBRG) stock jumped 0.33% on Monday to $18.00 against a previous-day closing price of $17.94. With 0.91 million shares changed hands, the volume of the stock remained lighter than its average volume of 1.7 million shares. During the session, the Real Estate Services company that operates in wider Real Estate sector, reached to the highest price of $18.10 whereas the lowest price it dropped to was $17.60. The 52-week range on DBRG shows that it touched its highest point at $18.43 and its lowest point at $9.99 during that stretch. It currently has a 1-year price target of $23.28. With its current market cap of 2.98 billion, DBRG has annualized dividend of $0.04 while the current yield stands at 0.22%. Beta for the stock currently stands at 2.06.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of DBRG was up-trending over the past week, with a rise of 3.63%, but this was up by 12.50% over a month. Three-month performance surged to 29.87% while six-month performance rose 62.16%. The stock gained 6.07% in the past year, while it has gained 64.53% so far this year. A look at the trailing 12-month EPS for DBRG yields -1.61 with Next year EPS estimates of 0.18. For the next quarter, that number is -0.01. This implies an EPS growth rate of -46.00% for this year and 113.30% for next year.
Float and Shares Shorts:
At present, 158.09 million DBRG shares are outstanding with a float of 156.15 million shares on hand for trading. On Aug 30, 2023, short shares totaled 12.88 million, which was 7.92% higher than short shares on Jul 30, 2023. In addition to Mr. Marc Christopher Ganzi as the firm’s CEO & Director, Mr. Benjamin J. Jenkins serves as its Pres & Chief Investment Officer.
Through their ownership of 91.49% of DBRG’s outstanding shares, institutional investors have majority control over the company.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Jun 29, 2023, DBRG reported revenue of $289.41M and operating income of -$98.63M. The EBITDA in the recently reported quarter was $148.67M and diluted EPS was -$0.24.
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for DBRG since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With DBRG analysts setting a high price target of $35.00 and a low target of $19.00, the average target price over the next 12 months is $23.28. Based on these targets, DBRG could surge 94.44% to reach the target high and rise by 5.56% to reach the target low. Reaching the average price target will result in a growth of 29.33% from current levels.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy.
Summary of Insider Activity:
Insiders traded DBRG stock several times over the past three months with 0 Buys and 1 Sells. In these transactions, 0 shares were bought while 11,611 shares were sold. The number of buy transactions has increased to 15 while that of sell transactions has risen to 11 over the past year. The total number of shares bought during that period was 541,411 while 141,314 shares were sold.