A share price of Digi International, Inc. [DGII] is currently trading at $31.93, up 0.57%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The DGII shares have gain 6.08% over the last week, with a monthly amount glided 9.54%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Digi International, Inc. [NASDAQ: DGII] stock has seen the most recent analyst activity on November 15, 2023, when B. Riley Securities initiated its Buy rating and assigned the stock a price target of $34. Previously, Cantor Fitzgerald started tracking the stock with Overweight rating on September 08, 2022, and set its price target to $41. On June 02, 2022, Stephens initiated with a Overweight rating and assigned a price target of $36 on the stock. Piper Sandler started tracking the stock assigning a Overweight rating and suggested a price target of $29 on March 09, 2021. Craig Hallum reiterated its recommendation of a Buy and raised its price target to $28 on February 04, 2021. Sidoti downgraded its rating to Neutral for this stock on January 07, 2021, but kept the price target unchanged to $20. In a note dated May 08, 2020, Craig Hallum reiterated an Buy rating on this stock and revised its target price from $21 to $19.
Digi International, Inc. experienced fluctuations in its stock price throughout the past year between $21.25 and $42.95. Currently, Wall Street analysts expect the stock to reach $48 within the next 12 months. Digi International, Inc. [NASDAQ: DGII] shares were valued at $31.93 at the most recent close of the market. An investor can expect a potential return of 50.33% based on the average DGII price forecast.
Analyzing the DGII fundamentals
Trailing Twelve Months sales for Digi International, Inc. [NASDAQ:DGII] were 441.63M which represents -2.94% decline. Gross Profit Margin for this corporation currently stands at 0.57% with Operating Profit Margin at 0.09%, Pretax Profit Margin comes in at 0.04%, and Net Profit Margin reading is 0.04%. To continue investigating profitability, this company’s Return on Assets is posted at 0.02, Equity is 0.03 and Total Capital is 0.06. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.39.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 31.58 points at the first support level, and at 31.22 for the second support level. However, for the 1st resistance point, the stock is sitting at 32.22, and for the 2nd resistance point, it is at 32.50.
Digi International, Inc. [DGII] reported earnings per share of $0.48 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.44/share, meaning a difference of $0.04 and a surprise factor of 9.10%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $0.52 per share as compared to estimates of $0.48 per share, a difference of $0.04 representing a surprise of 8.30%.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Digi International, Inc. [NASDAQ:DGII] is 2.35. Further, the Quick Ratio stands at 1.39, while the Cash Ratio is 0.45. Considering the valuation of this stock, the price to sales ratio is 2.62, the price to book ratio is 2.14 and price to earnings (TTM) ratio is 74.07.
Transactions by insiders
Recent insider trading involved Schneider Terrence G., VP, SUPPLY CHAIN, that happened on Aug 31 ’23 when 12500.0 shares were sold. VP, CORP. DEV, GC & CORP. SEC., Sampsell David H. completed a deal on Aug 21 ’23 to sell 5455.0 shares. Meanwhile, VP, CORP. DEV, GC & CORP. SEC. Sampsell David H. sold 4000.0 shares on Aug 18 ’23.
