Digi International Inc (NASDAQ: DGII) stock enjoyed a major increase of 18.9% on 8/8/24. The shares closed at $27.58. Moreover, unusually high trading volume at 187% of normal accompanied the advance. The stock has been weak relative to the market over the last nine months but has risen 1.0% during the last week.
Current PriceTarget Research Rating
DGII’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be a Value Builder.
Digi International has a current Value Trend Rating of C (Neutral). The Value Trend Rating reflects consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Digi International has a neutral Appreciation Score of 58 and a slightly negative Power Rating of 33, and the Neutral Value Trend Rating results.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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