Digi International Stock Net Asset
| DGII Stock | USD 25.50 5.22 16.99% |
Digi International fundamentals help investors to digest information that contributes to Digi International's financial success or failures. It also enables traders to predict the movement of Digi Stock. The fundamental analysis module provides a way to measure Digi International's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Digi International stock.
Digi | Net Asset |
Digi International Company Net Asset Analysis
Digi International's Net Asset is the current market value of a fund less its liabilities. In a nutshell, if the fund is liquidated or all of the assets is sold out, the net asset will be the amount that the shareholders would demand back from the fund.
Current Digi International Net Asset | 835.53 M |
Most of Digi International's fundamental indicators, such as Net Asset, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Digi International is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Digi Net Asset Driver Correlations
Understanding the fundamental principles of building solid financial models for Digi International is extremely important. It helps to project a fair market value of Digi Stock properly, considering its historical fundamentals such as Net Asset. Since Digi International's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Digi International's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Digi International's interrelated accounts and indicators.
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Net Asset is the value used in calculating NAV of a fund. NAV (or Net Asset Value) is computed once a day based on the formula that uses closing prices of all positions in the fund's portfolio.
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Digi Total Assets
Total Assets |
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Based on the recorded statements, Digi International has a Net Asset of 835.53 M. This is much higher than that of the Communications Equipment sector and significantly higher than that of the Information Technology industry. The net asset for all United States stocks is notably lower than that of the firm.
Digi Net Asset Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Digi International's direct or indirect competition against its Net Asset to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Digi International could also be used in its relative valuation, which is a method of valuing Digi International by comparing valuation metrics of similar companies.Digi International is currently under evaluation in net asset category among related companies.
Digi International 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.| 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 | 2024-03-31 | 3.6 M |
Digi Fundamentals
| Return On Equity | 0.0262 | ||||
| Return On Asset | 0.0346 | ||||
| Profit Margin | 0.03 % | ||||
| Operating Margin | 0.08 % | ||||
| Current Valuation | 1.26 B | ||||
| Shares Outstanding | 36.26 M | ||||
| Shares Owned By Insiders | 2.33 % | ||||
| Shares Owned By Institutions | 100.00 % | ||||
| Number Of Shares Shorted | 2.61 M | ||||
| Price To Earning | 162.41 X | ||||
| Price To Book | 2.07 X | ||||
| Price To Sales | 2.54 X | ||||
| Revenue | 444.85 M | ||||
| Gross Profit | 221.58 M | ||||
| EBITDA | 50.09 M | ||||
| Net Income | 24.77 M | ||||
| Cash And Equivalents | 41.52 M | ||||
| Cash Per Share | 1.18 X | ||||
| Total Debt | 203.57 M | ||||
| Debt To Equity | 0.57 % | ||||
| Current Ratio | 1.79 X | ||||
| Book Value Per Share | 15.14 X | ||||
| Cash Flow From Operations | 36.75 M | ||||
| Short Ratio | 18.45 X | ||||
| Earnings Per Share | 0.43 X | ||||
| Price To Earnings To Growth | 1.00 X | ||||
| Target Price | 39.33 | ||||
| Number Of Employees | 822 | ||||
| Beta | 1.22 | ||||
| Market Capitalization | 1.11 B | ||||
| Total Asset | 835.53 M | ||||
| Retained Earnings | 224.84 M | ||||
| Working Capital | 80.22 M | ||||
| Current Asset | 195.65 M | ||||
| Current Liabilities | 23.81 M | ||||
| Net Asset | 835.53 M |
About Digi International Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Digi International's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Digi International using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Digi International based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Digi International in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Digi International's short interest history, or implied volatility extrapolated from Digi International options trading.
Pair Trading with Digi International
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Digi International position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Digi International will appreciate offsetting losses from the drop in the long position's value.Moving against Digi Stock
| 0.67 | SILC | Silicom | PairCorr |
| 0.46 | AAPL | Apple Inc Aggressive Push | PairCorr |
| 0.44 | KE | Kimball Electronics Earnings Call This Week | PairCorr |
| 0.44 | MEI | Methode Electronics Financial Report 27th of June 2024 | PairCorr |
| 0.41 | TSAT | Telesat Corp | PairCorr |
The ability to find closely correlated positions to Digi International could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Digi International when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Digi International - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Digi International to buy it.
The correlation of Digi International is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Digi International moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Digi International moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Digi International can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Digi International Piotroski F Score and Digi International Altman Z Score analysis. 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 My Watchlist Analysis module to analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like.
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 (0.31) | Earnings Share 0.43 | Revenue Per Share 12.146 | Quarterly Revenue Growth (0.03) | Return On Assets 0.0346 |
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.