Craig Hallum Reiterates Hold Rating for Digi International

DGII Stock  USD 33.92  1.15  3.51%   
Under 58% of all Digi International's traders are looking to take a long position. The analysis of overall sentiment of trading Digi International stock suggests that some investors are interested at this time. Digi International's investing sentiment shows overall attitude of investors towards Digi International.
Craig Hallum reaffirmed their hold rating on shares of Digi International in a research report report published on Thursday morning, MarketBeat Ratings reports. They currently have a 32.00 price objective on the technology companys stock, up from their prior price objective of 28.00. Separately, Piper Sandler reduced their price objective on

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Digi International Investor Sentiment by Other News Outlets

Investor sentiment, mood or attitude towards Digi International can have a significant impact on its stock price or the market as a whole. This sentiment can be positive or negative, and various factors, such as economic indicators, news events, or market trends, can influence it. When investor sentiment is positive, investors are more likely to buy stocks, increasing demand and increasing the stock price. Positive investor sentiment can be driven by good news about the company or the broader market, such as solid earnings reports or positive economic data.
Note that negative investor sentiment can cause investors to sell stocks, leading to a decrease in demand and a drop in the stock price. Negative sentiment can be driven by factors such as poor earnings reports, negative news about the company or industry, or broader economic concerns. It's important to note that investor sentiment is just one of many factors that can affect stock prices. Other factors, such as company performance, industry trends, and global economic conditions, can also play a significant role in determining the value of a stock.

Digi International Fundamental Analysis

We 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.

Retained Earnings

Retained Earnings Comparative Analysis

Digi International is currently under evaluation in retained earnings category among its peers. Retained Earnings is a balance sheet account that refers to the portion of company income that is retained by the firm. In other words, it is a part of earnings that is not paid out as dividends or otherwise distributed to owners. Retained Earnings are calculated by adding net income to last period retained earnings and subtracting any dividends paid to owners.

Digi International Potential Pair-trading

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Digi International stock to make a market-neutral strategy. 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 with similar companies.

Peers

Digi International Related Equities

ADTNADTRAN   7.78   
0%
100.0%
HLITHarmonic   7.05   
0%
90.0%
CLFDClearfield   5.97   
0%
76.0%
EXTRExtreme Networks   5.81   
0%
74.0%
CIENCiena Corp   5.71   
0%
73.0%
KNKnowles Cor   4.93   
0%
63.0%
TSATTelesat Corp   4.57   
0%
58.0%
CMTLComtech Telecommunicatio   2.70   
0%
34.0%
ITRNIturan Location   1.45   
0%
18.0%
NTGRNETGEAR   0.69   
0%
8.0%
JNPRJuniper Networks   0.63   
0%
8.0%
KVHIKVH Industries   0.99   
12.0%
0%
AVNWAviat Networks   1.06   
13.0%
0%

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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