Digi International Inc. (DGII) Stock: Seeing Gains In Today’s Session

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Digi International Inc. (DGII) is headed up in the market in today’s trading session. The company, one that is focused on the tech sector, is presently priced at $14.94 after climbing 5.51% so far in today’s session. As it relates to tech companies, there are a number of aspects that have the ability to generate movement in the market. News tends to be one of the biggest reasons for the movement. Here are the most recent stories surrounding DGII:

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Nov-08-19 07:12AM Digi International spends $140 million to buy New Jersey IT company
Nov-07-19 04:10PM Digi International To Acquire Opengear
02:50PM Is Digi International Inc. (DGII) A Good Stock To Buy ?
10:30AM Earnings Preview: Digi International (DGII) Q4 Earnings Expected to Decline
Oct-25-19 09:07AM Digi International (NASDAQ:DGII) Shareholders Have Enjoyed A 68% Share Price Gain

However, any time investors are making an investing decision, prospective investors should look at far more than just news, this is especially the case in the ever changing technology space. Here’s what’s going on with Digi International Inc..

Returns That DGII Investors Have Seen

While a single session gain, like the gain that we’re seeing from Digi International Inc. might make some investors happy, a single session move alone shouldn’t be the basis of a decision to, or not to, invest in a company. It’s generally smart to look into trends experienced by the stock just a single trading session. In the case of DGII, below are the returns on investment that investors have experienced:

  • Past 5 Trading Sessions – In the last five trading sessions, DGII has generated a change in value that amounts to 2.05%.
  • Past Month – The monthly returns from Digi International Inc. comes to 11.58%.
  • Past Quarter – Over the past three months, the stock has generated a return on investment that works out to 9.45%
  • Past Six Months – Throughout the last 6 months, we have seen a change that amounts to 28.02% from the stock.
  • This Year So Far – Since the close of last year DGII has resulted in a ROI of 48.07%.
  • Annually – Finally, over the past year, we’ve seen performance of 26.40% from DGII. Throughout this period of time, the stock has sold at a high of 0.67% and a low of 60.99%.

Ratios Worth Paying Attention To

Digging into a few ratios having to do with a company can give investors a view of just how dangerous and/or potentially profitable a pick might be. Below are a few of the important ratios to look at when digging into DGII.

Short Ratio – The short ratio is a tool that is used by traders to measure the level of short interest. As the short ratio goes higher, it means that more investors are expecting that the price of the stock is headed for declines. Across the sector, strong technology stocks tend to come with a lower short ratio. On the other hand, we also see a lot of short squeezes in the industry. Nonetheless, as it relates to Digi International Inc., it’s short ratio amounts to 4.65.

Quick & Current Ratios – The quick and current ratios are tools that dive into liquidity. Essentially, they measure whether or not a company can cover its debts when they mature using quick assets or current assets. Because in tech, many companies are reliant on the continuation of investor support as they work to bring new technologies to market, the current and quick ratios can look bad. However, some better companies in the technology sector come with strong current and quick ratios. In terms of DGII, the quick and current ratios total up to 3.90 and 5.10 respectively.  

Book To Share Value – The book to share value compares the current book value of assets owned by the company to the price of shares. as it relates to Digi International Inc., that ratio works out to 12.29.

Cash To Share Value – The cash to share value ratio compares the total amount of cash the company has on hand to the value of the company’s stock. In this case, the cash to share value ratio comes to 3.08.

Big Money And Digi International Inc.

Humans that are into investing seem to be infatuated with the term “Smart money follows big money.” It makes sense. Big money became big money by making smart decisions in the market. So, by following the moves of big money institutions and insiders, we can get a glimpse of what market pros think about a stock. When it comes to big money interest in DGII, here’s what we’re seeing:

  • Institutional Investors – Currently, institutions own 82.80% of DGII. On the other hand, it’s worth considering that institutional ownership has moved in the amount of 0.06% throughout the past quarter.
  • Insiders – as it relates to insiders, members of the management team and others close to DGII currently hold 0.60% of Digi International Inc.. Their ownership of the company has seen a change of -18.29% throughout the past quarter.

How Analysts Feel About Digi International Inc.

While it’s not a smart idea to blindly follow the opinions of analysts, it is a good idea to consider their opinions in order to validate your own thoughts before making an investment decision in the tech industry. Here are the recent moves that we’ve seen from analysts with regard to DGII.

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Nov-01-19 Initiated Robert W. Baird Outperform $19
Jan-08-19 Initiated Craig Hallum Buy $17
Sep-25-18 Resumed Dougherty & Company Buy $14 → $16.50
Mar-27-18 Initiated Dougherty & Company Buy $14
Feb-02-18 Initiated ROTH Capital Buy $15

Financial Performance

What have ween seen from DGII in terms of financial results?Here’s what you need to know:

  • Analyst Expectations – At the moment, analysts have expectations that Digi International Inc. will generate earnings per diluted share that totals up to be 0.47, with 0.06 to be reported in the next financial report. Although this information is not tide to earnings, because we are talking about Wall St. analysts, DGII is currently rated a 1.40 considering a scale that ranges from 1 to 5 where 1 is the worst possible Wall St. analyst rating and 5 is the best rating.
  • 5-Year Sales – Over the last half decade, Digi International Inc. has generated a movement in sales that works out to be 3.20%. Earnings in the last 5 years have seen movement in the amount of -6.90%.
  • Quarter Over Quarter – In terms of quarter over quarter earnings performance, or Q/Q data as it is often explained in the world of humans, Digi International Inc. has experienced a earnings change by -44.90%. DGII has also experienced a change when it comes to sales that adds up to -1.80%.

What’s Going On With Share Counts?

Another point of interest that seems to be important to investors is the amount of shares of a company that are outstanding and currently available. At the moment, there are 28.07M shares of Digi International Inc. outstanding. Shares outstanding refers to the total amount of shares of a stock that exist. As far as the float goes, or the amount of shares that are actually available on the retail market, DGII has a float of 27.38M.

I also like to look at the short percentage of the float. After all, if a large portion of the float available for trading is shorted, the overall opinion among traders is that the company is going to fall. In regard to DGII, the percentage of the float that is shorted is 1.58%. Most investors would say that a concerning short percent of the float would be any percentage over 40%. In my research, I have calculated that a short ratio over 26% is likely a risky play.

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