Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Digi International, Inc shares valued at $508,431 were purchased by Schneider Terrence G. on Nov 26 ’24. At $33.00 per share, Schneider Terrence G. acquired 15,407 shares.
Also, Khanuja Satbir sold 7,000 shares, netting a total of over 222,330 in proceeds. Following the sale of shares at $31.76 each, the insider now holds 83,255 shares.
Before that, Khanuja Satbir had added 7,000 shares to its account. In a trade valued at $220,500, the Director bought Digi International, Inc shares for $31.50 each.
As published in a research note from Craig Hallum on November 14, 2024, Digi International, Inc [DGII] has been rated down from a Buy to a Hold and the price target has been revised to $32 from $28. Analysts at Piper Sandler downgraded the stock from ‘”an Overweight”‘ to ‘”a Neutral”‘ outlook in a report released in late May. As of November 15, 2023, B. Riley Securities has initiated its “Buy” rating for DGII. Earlier on September 08, 2022, Cantor Fitzgerald initiated its rating. Their recommendation was “an Overweight” for DGII stock.
Analyzing DGII Stock Performance
During the last five days, there has been a surge of approximately 3.55%. Over the course of the year, Digi International, Inc shares have jumped approximately 25.65%. Shares of the company reached a 52-week high of $34.44 on 11/25/24 and a 52-week low of $20.17 on 08/05/24. A 50-day SMA is recorded $30.04, while a 200-day SMA reached $27.95. Nevertheless, trading volume fell to 0.21 million shares from 0.31 million shares the previous day.
Support And Resistance Levels for Digi International, Inc (DGII)
According to the 24-hour chart, there is a support level at 32.18, which, if violated, would cause prices to drop to 31.68. In the upper region, resistance lies at 33.08. The next price resistance is at 33.48. RSI (Relative Strength Index) is 59.81 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.82, which suggests the price will decrease in the coming days. Percent R is at 41.30%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
