As this happened, Keefe Bruyette downgraded its DigitalBridge Group Inc [DBRG] rating to a Mkt perform from a an Outperform in a research note published on November 06, 2024; the price target was decreased to $14 from $17.75. JP Morgan also remained covering DBRG and has increased its forecast on September 28, 2023 with a “an Overweight” recommendation from previously “Neutral” rating. Keefe Bruyette revised its rating on June 05, 2023. It rated DBRG as “an Outperform” which previously was an “a Mkt perform”.
Price Performance Review of DBRG
On Tuesday, DigitalBridge Group Inc [NYSE:DBRG] saw its stock fall -3.26% to $10.97. Over the last five days, the stock has lost -1.97%. DigitalBridge Group Inc shares have fallen nearly -2.75% since the year began. Nevertheless, the stocks have fallen -35.81% over the past one year. While a 52-week high of $20.99 was reached on 01/06/25, a 52-week low of $10.55 was recorded on 01/07/25. SMA at 50 days reached $12.58, while 200 days put it at $13.99.
Levels Of Support And Resistance For DBRG Stock
The 24-hour chart illustrates a support level at 10.74, which if violated will result in even more drops to 10.50. On the upside, there is a resistance level at 11.34. A further resistance level may holdings at 11.70. The Relative Strength Index (RSI) on the 14-day chart is 35.58, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.07, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 73.50%. Stochastics %K at 37.73% indicates the stock is a holding.
How much short interest is there in DigitalBridge Group Inc?
A steep rise in short interest was recorded in DigitalBridge Group Inc stocks on 2024-12-13, dropping by -1.76 million shares to a total of 13.6 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-15 was 15.36 million shares. There was a decline of -12.9%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on February 15, 2023 when Deutsche Bank began covering the stock and recommended ‘”a Buy”‘ rating along with a $18 price target.
