Digitalbridge Group, Inc. | DBRG

Daily Technical Analysis of Digitalbridge Group, Inc.

Digitalbridge Group had a nice pop today and is currently up 3.84% we'll see if the cash keeps flowing in. It looks like DBRG may be interacting with a slightly angled support line. This area could represent a pivot point that it moves up from. In addition to being near an angled support line DBRG is near a weak support line. We'll see if it bounces off or heads lower. Digitalbridge Group hasn't been treated too well by the market over the last few months and has seen a lot of selling continue to drive price down. It might get a little bounce here and that may be subsequently followed by profit taking. Over the past 3 months, owners of the asset are down -18.96 percent, we'll see if more buyers feel it's appropriately priced and want to purchase, if so we might get a little bounce.

If we get a reversal off of support and Digitalbridge Group starts moving up, it can probably get to $12.52 at which point it'll need to break through that resistance level in order to keep moving higher. There aren't very obvious support levels beneath this point. So put those stop losses on, this thing has room to fall if buyers don't come in at this level.

Analyst Ratings for Digitalbridge Group By Price Target And Rating

The analysts are pretty neutral on DigitalBridge Group right now, so not much useful information here. The current Analysts Sentiment Score is 0.38. Most companies range between (-200 to 200).

Here's a break down of the latest rating changes. Truist Financial decided to move up their price target on 2024-04-16 to $22.00 which is a 10% increase. Raymond James announced a lowering of their price target to $24.00 from $25.00 on 2023-11-02. JPMorgan Chase & Co. announced an upgrade on 2023-09-28 from Neutral to Overweight and provided a price target boost 31.58% to $25.00 from $19.00. Royal Bank of Canada gave a boost to their price target and moved to $25.00 from $14.00 on 2023-08-14. Deutsche Bank Aktiengesel gave a boost to their price target and moved to $19.00 from $18.00 on 2023-07-14. Keefe, Bruyette & Woo upgraded from Market Perform to Outperform on 2023-06-04 and provided a price target boost 40% to $17.50 from $12.50. 22nd Century Group reiterated a rating of Reiterates on 2023-05-17.

Earnings Per Share (EPS) Estimates By Year and Quarter

Short interest for DigitalBridge Group

We take into account several different measures of short interest to create a composite score. These measures are shown in the chart below. Short selling is when investors are betting against a stock. We compile these factors to create a dynamic Short Score - this can indicate poor sentiment, internal problems with a company or industry and the anticipation of future price declines. We look at the short interest percent, days to cover, the rate of change and total shares sold short.

Social Sentiment for DigitalBridge Group

Social Sentiment is an aggregation of several different factors such as news, articles, blogs, user content, ratings, etc. Which is shown in the chart below. It may become predictive of a reversal if price and the sentiment diverge. Broader market forces may push prices up or down but if market participants maintain a different view on a specific stock, it may be taken as an opportunity to buy or sell in those cases.