Stock Rating Downgrade
The Value Trend Rating for Digi International Inc (NASDAQ: DGII) weakened in recent days from C to D reflecting eroding fundamentals and low Appreciation Potential. Details supporting this lower rating are included in our next report.
Recent Price Action
Digi International Inc (NASDAQ: DGII) stock declined modestly by -1.3% on 8/9/24. The stock closed at $27.22. Moreover, trading volume in this decline was above average at 143% of normal. The stock has been weak relative to the market over the last nine months but has risen 8.4% 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 D (Negative). 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 52 and a slightly negative Power Rating of 32, triggering the Negative Value Trend Rating.
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