Digi International Stock Today
| DGII Stock | USD 30.54 0.14 0.46% |
Performance9 of 100
| Odds Of DistressLess than 3
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Digi International is trading at 30.54 as of the 24th of April 2024. This is a 0.46 percent up since the beginning of the trading day. The stock's open price was 30.4. Digi International has a very small chance of experiencing financial distress in the next few years but had a somewhat ok performance during the last 90 days. Equity ratings for Digi International are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 5th of May 2022 and ending today, the 24th of April 2024. Click here to learn more.
Business Domain Technology Hardware & Equipment | IPO Date 26th of March 1990 | Category Technology | Classification Information Technology |
Digi International Inc. provides business and mission-critical Internet of Things products, services, and solutions in the United States and internationally. Digi International Inc. was incorporated in 1985 and is headquartered in Hopkins, Minnesota. Digi Intl operates under Communication Equipment classification in the United States and is traded on NASDAQ Exchange. The company has 36.26 M outstanding shares of which 2.69 M shares are currently shorted by private and institutional investors with about 20.68 trading days to cover. More on Digi International
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Follow Valuation Options Odds of Bankruptcy
Financial Report 2nd of May 2024
Digi Stock Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Digi International's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Digi International or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| CEO and President and Director | Ronald Konezny | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Thematic Ideas | (View all Themes) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Business Concentration | Communications Equipment, Technology Hardware & Equipment, Information Technology, Wireless, IT, ISP, Information Technology, Communications Equipment, Communication Equipment, Technology, Computing (View all Sectors) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Average Analyst Recommendation Analysts covering Digi International report their recommendations after researching Digi International's financial statements, talking to executives and customers, or listening in on Digi International's conference calls. The current trade recommendation is based on an ongoing consensus estimate among financial analysts covering Digi International. The Digi consensus assessment is calculated by taking the average forecast from all of the analysts covering Digi International. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Financial Strength Based on the analysis of Digi International's profitability, liquidity, and operating efficiency, Digi International is doing better financially then in previous quarter. It has a moderate probability of reporting better financial numbers in May. Financial strength of Digi International is based on its profitability, leverage, liquidity, source of funds, and operating efficiency.
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Digi International's financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to Digi International's success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Financial leverage usually refers to the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Digi International's financial leverage. It provides some insight into what part of Digi International's total assets is financed by creditors.
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Digi International (DGII) is traded on NASDAQ Exchange in USA. It is located in 9350 Excelsior Boulevard, Hopkins, MN, United States, 55343 and employs 822 people. Digi International is listed under Communications Equipment category by Fama And French industry classification. The company currently falls under 'Mid-Cap' category with a current market capitalization of 1.1 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Digi International's market, we take the total number of its shares issued and multiply it by Digi International's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. Digi International conducts business under Communications Equipment sector and is part of Information Technology industry. The entity has 36.26 M outstanding shares of which 2.69 M shares are currently shorted by private and institutional investors with about 20.68 trading days to cover.
Digi International currently holds about 41.52 M in cash with 36.75 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 1.18.
Check Digi International Probability Of Bankruptcy
Ownership AllocationDigi International retains a total of 36.26 Million outstanding shares. The majority of Digi International outstanding shares are owned by other corporate entities. These outside corporations are usually referred to as non-private investors looking to obtain positions in Digi International to benefit from reduced commissions. Consequently, institutional investors are subject to a different set of regulations than regular investors in Digi International. Please pay attention to any change in the institutional holdings of Digi International as this could imply that something significant has changed or is about to change at the company. Note that regardless of who owns the company, if the true value of the entity is less than the market is willing to pay for it, you may not be able to generate positive returns over time.
Check Digi Ownership Details
Digi Stock Price Odds Analysis
Coming from a normal probability distribution, the odds of Digi International jumping above the current price in 90 days from now is about 27.29%. The Digi International probability density function shows the probability of Digi International stock to fall within a particular range of prices over 90 days. Given the investment horizon of 90 days the stock has a beta coefficient of 2.6237 suggesting as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Digi International will likely underperform. Additionally, digi International has an alpha of 0.1806, implying that it can generate a 0.18 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
Based on a normal probability distribution, the odds of Digi International to move above the current price in 90 days from now is about 27.29 (This Digi International probability density function shows the probability of Digi Stock to fall within a particular range of prices over 90 days) .
Digi Stock Institutional Holders
Institutional Holdings refers to the ownership stake in Digi International that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Digi International's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Digi International's value.| Instituion | Recorded On | Shares | |
| New York State Common Retirement Fund | 2023-12-31 | 676.7 K | |
| Northern Trust Corp | 2023-12-31 | 565.2 K | |
| Global Alpha Capital Management Ltd. | 2023-12-31 | 532.8 K | |
| Fort Washington Investment Advisors Inc | 2023-12-31 | 460.9 K | |
| Wells Fargo & Co | 2023-12-31 | 458.6 K | |
| Punch & Associates Inv Mgmt Inc | 2023-12-31 | 440.7 K | |
| Royal Bank Of Canada | 2023-12-31 | 384.4 K | |
| Ameriprise Financial Inc | 2023-12-31 | 356.1 K | |
| Wasatch Advisors Lp | 2023-12-31 | 331 K | |
| Blackrock Inc | 2023-12-31 | 5.9 M | |
| Conestoga Capital Advisors, Llc | 2023-12-31 | 3.6 M |
Digi International Historical Income Statement
Digi International Income Statement is one of the three primary financial statements used for reporting Digi's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Digi International revenue and expense. Digi International Income Statement primarily focuses on the company's revenues and expenses during a particular period.
As of now, Digi International's Gross Profit is increasing as compared to previous years. The Digi International's current Other Operating Expenses is estimated to increase to about 476.7 M, while Selling General Administrative is projected to decrease to under 37 M. View More FundamentalsDigi Stock Against Markets
Picking the right benchmark for Digi International stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Digi International stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Digi International is critical whether you are bullish or bearish towards Digi International at a given time. Please also check how Digi International's historical prices are related to one of the top price index indicators.
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Digi International Corporate Directors
Digi International corporate directors refer to members of a Digi International board of directors. The board of directors generally takes responsibility for the Digi International's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Digi International's board members must vote for the resolution. The Digi International board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.| Spiro Lazarakis | Director | Profile | |
| Sam Lazarakis | Director | Profile | |
| Sally Smith | Director | Profile | |
| Guy Jackson | Independent Director | Profile |
How to buy Digi Stock?
Before investing in Digi International, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Digi International. To buy Digi International stock, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of Digi International. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase Digi International stock. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located Digi International stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased Digi International stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as Digi International, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy Digi Stock please use our How to Invest in Digi International guide.
Already Invested in Digi International?
The danger of trading Digi International is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Digi International is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Digi International. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Digi International is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Digi International offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Digi International's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Digi International Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Digi International Stock: Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Digi International. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in gross domestic product. For more detail on how to invest in Digi Stock please use our How to Invest in Digi International guide.You can also try the Global Correlations module to find global opportunities by holding instruments from different markets.
Complementary Tools for Digi Stock analysis
When running Digi International's price analysis, check to measure Digi International's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Digi International is operating at the current time. Most of Digi International's value examination focuses on studying past and present price action to predict the probability of Digi International's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Digi International's price. Additionally, you may evaluate how the addition of Digi International to your portfolios can decrease your overall portfolio volatility.
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Is Digi International's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Digi International. If investors know Digi will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Digi International listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.45) | Earnings Share 0.43 | Revenue Per Share 12.285 | Quarterly Revenue Growth (0.03) | Return On Assets 0.0373 |
The market value of Digi International is measured differently than its book value, which is the value of Digi that is recorded on the company's balance sheet. Investors also form their own opinion of Digi International's value that differs from its market value or its book value, called intrinsic value, which is Digi International's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Digi International's market value can be influenced by many factors that don't directly affect Digi International's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Digi International's value and its price as these two are different measures arrived at by different means. Investors typically determine if Digi International is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Digi International's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.