Digi International Share Price Passes Above 200 Day Moving Average Heres Why

DGII Stock  USD 27.98  0.93  3.22%   
Under 67% of Digi International's investor base is looking to short. The analysis of overall sentiment of trading Digi International stock suggests that many investors are alarmed at this time. Digi International's investing sentiment shows overall attitude of investors towards Digi International.
  
Shares of Digi International Inc. crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of 26.77 and traded as high as 29.87. Digi International shares last traded at 29.41, with a volume of 67,641 shares trading hands.

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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.

Current Valuation

Current Valuation Comparative Analysis

Digi International is currently under evaluation in current valuation category among its peers. Enterprise Value is a firm valuation proxy that approximates the current market value of a company. It is typically used to determine the takeover or merger price of a firm. Unlike Market Cap, this measure takes into account the entire liquid asset, outstanding debt, and exotic equity instruments that the company has on its balance sheet. When a takeover occurs, the parent company will have to assume the target company's liabilities but will take possession of all cash and cash equivalents.

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

CMTLComtech Telecommunicatio   11.63   
0%
100.0%
KNKnowles Cor   0.12   
0%
1.0%
JNPRJuniper Networks   0.61   
5.0%
0%
KVHIKVH Industries   2.40   
20.0%
0%
TSATTelesat Corp   2.86   
24.0%
0%
HLITHarmonic   3.39   
29.0%
0%
ITRNIturan Location   4.49   
38.0%
0%
CLFDClearfield   4.82   
41.0%
0%
CIENCiena Corp   4.93   
42.0%
0%
NTGRNETGEAR   5.11   
43.0%
0%
EXTRExtreme Networks   5.86   
50.0%
0%
AVNWAviat Networks   6.14   
52.0%
0%
ADTNADTRAN   7.31   
62.0%
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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