As this happened, A number of analysts have revised their coverage, including JP Morgan’s analysts, who increased its forecast for the stock in late September from “a Neutral” to “an Overweight”. Keefe Bruyette also remained covering DBRG and has increased its forecast on June 05, 2023 with a “an Outperform” recommendation from previously “Mkt perform” rating. Deutsche Bank started covering the stock on February 15, 2023. It rated DBRG as “a Buy”.
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Price Performance Review of DBRG
On Tuesday, DigitalBridge Group Inc [NYSE:DBRG] saw its stock fall -2.70% to $14.08. Over the last five days, the stock has gained 15.41%. DigitalBridge Group Inc shares have fallen nearly -19.73% since the year began. Nevertheless, the stocks have fallen -21.52% over the past one year. While a 52-week high of $20.99 was reached on 02/12/24, a 52-week low of $11.07 was recorded on 09/09/24. SMA at 50 days reached $13.09, while 200 days put it at $15.88.
Levels Of Support And Resistance For DBRG Stock
The 24-hour chart illustrates a support level at 13.80, which if violated will result in even more drops to 13.52. On the upside, there is a resistance level at 14.49. A further resistance level may holdings at 14.91. The Relative Strength Index (RSI) on the 14-day chart is 62.72, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.47, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 15.57%. Stochastics %K at 89.78% indicates the stock is a selling.
How much short interest is there in DigitalBridge Group Inc?
A steep rise in short interest was recorded in DigitalBridge Group Inc stocks on 2024-08-30, growing by 1.18 million shares to a total of 15.05 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-31 was 13.87 million shares. There was a rise of 7.86%, which implies that there is a positive sentiment for the stock.
