Digi International, Inc. (NASDAQ: DGII) is 13.31% higher on its value in year-to-date trading and has touched a low of $20.17 and a high of $33.80 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The DGII stock was last observed hovering at around $29.07 in the last trading session, with the day’s gains setting it 0.39%.
Currently trading at $29.46, the stock is 7.00% and 15.54% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.18 million and changing 1.34% at the moment leaves the stock 10.67% off its SMA200. DGII registered -11.21% loss for a year compared to 6-month loss of -1.34%.
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The stock witnessed a 17.32% gain in the last 1 month and extending the period to 3 months gives it a 20.94%, and is -0.03% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.28% over the week and 4.18% over the month.
Digi International, Inc. (DGII) has around 822 employees, a market worth around $1.07B and $431.16M in sales. Current P/E ratio is 64.34 and Fwd P/E is 15.12. Profit margin for the company is 3.94%. Distance from 52-week low is 46.08% and -12.84% from its 52-week high. The company has generated returns on investments over the last 12 months (2.34%).
The EPS is expected to shrink by -5.33% this year.
Digi International, Inc. (DGII) Top Institutional Holders
268.0 institutions hold shares in Digi International, Inc. (DGII), with institutional investors hold 103.59% of the company’s shares. The shares outstanding are 36.06M, and float is at 35.28M with Short Float at 7.19%. Institutions hold 101.18% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 5.97 million shares valued at $136.78 million. The investor’s holdings represent 16.4348% of the DGII Shares outstanding. As of 2024-06-30, the second largest holder is CONESTOGA CAPITAL ADVISORS, LLC with 3.62 million shares valued at $$82.96 million to account for 9.9681 of the shares outstanding. The other top investors are VANGUARD GROUP INC which holds 3.21 million shares representing 8.8545% and valued at over $73.69 million, while DIMENSIONAL FUND ADVISORS LP holds 6.7379 of the shares totaling 2.45 million with a market value of $56.08 million.
Digi International, Inc. (DGII) Insider Activity
The most recent transaction is an insider sale by Naguib Hatem H.,the company’sDirector. SEC filings show that Naguib Hatem H. sold 7,208 shares of the company’s common stock on Aug 14 ’24 at a price of $27.80 per share for a total of $0.2 million. Following the sale, the insider now owns 32823.0 shares.
