Avoid the stress of overpaying for a stock or missing an opportunity by using the right tools and insights to evaluate Digi International Inc before investing.

In this article, we go over a few key elements for understanding Digi International Inc’s stock price such as:

• Digi International Inc’s current stock price and volume
• Why Digi International Inc’s stock price changed recently
• Upgrades and downgrades for DGII from analysts
• DGII’s stock price momentum as measured by its relative strength

About Digi International Inc (DGII)

Before we jump into Digi International Inc’s stock price, history, target price and what caused it to recently rise, let’s take a look at some background.

Digi International Inc. is a global provider of Internet of Things (IoT) connectivity products, services and solutions. The Company helps its customers deploy, monitor and manage critical communications infrastructures. Its segments include IoT Products and Services, and IoT Solutions. The IoT Products and Services segment offers products and services that help original equipment manufacturers as well as enterprise and government customers create and deploy secure IoT connectivity solutions. These include embedded and wireless modules, console servers, enterprise and industrial routers as well as other infrastructure management equipment. The Company also provides its customers with a device management platform as well as other professional services. The IoT Solutions segment consists of SmartSense by Digi business and managed network-as-a-service business. It offers wireless temperature and other condition-based monitoring services as well as employee task management services.

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Digi International Inc’s Stock Price as of Market Close

As of August 15, 2024, 4:00 PM, CST, Digi International Inc’s stock price was $29.03.

Digi International Inc is up 5.6% from its previous closing price of $27.49.

During the last market session, Digi International Inc’s stock traded between $27.40 and $28.03. Currently, there are 36.38 million shares of Digi International Inc stock available for purchase.

Digi International Inc’s price-earnings (P/E) ratio is currently at 60.1, which is high compared to the Communications & Networking industry median of 23.6. The price-earnings ratio gauges market expectation of future performance by relating a stock’s current share price to its earnings per share.

Digi International Inc Stock Price History

Digi International Inc’s (DGII) price is currently up 6.34% so far this month.

During the month of August, Digi International Inc’s stock price has reached a high of $29.29 and a low of $20.17.

Over the last year, Digi International Inc has hit prices as high as $33.80 and as low as $20.17. Year to date, Digi International Inc’s stock is down 20.57%.

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What Caused Digi International Inc Stock’s Price to Rise?

Stock prices are primarily based on seller supply and buyer demand. But have you ever wondered about what other factors affect a stock's price?

When an analyst changes their opinion of a stock by upgrading or downgrading their rating, it often leads to a sudden stock price adjustment. As of August 14, 2024, there were 2 analysts who downgraded Digi International Inc’s stock and 1 analyst who upgraded over the last month.

Additionally, you'll want to evaluate Digi International Inc’s financial health and valuation. Investors can use AAII's Value Grade, which combines six key valuation metrics like P/E and P/S ratios for a comprehensive analysis to conduct analysis on Digi International Inc’s valuation and financial health. This approach mitigates the limitations of single-metric evaluations.

Digi International Inc’s current valuation based on AAII’s Value Grade is a D, which means it is considered to be Expensive.

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Lastly, news and media coverage as well as recent press reports about the company or its industry may cause stock prices to fluctuate. You can check out the most recent news articles about Digi International Inc (DGII) by visiting AAII Stock Evaluator.

Relative Price Strength of Digi International Inc

Relative price strength measures a stock's performance against the market, helping investors identify stocks that are outperforming benchmarks.

For AAII’s Momentum Grade, a weighted relative price strength is calculated. Follow this link to learn more about the Momentum Grade.

As of August 14, 2024, Digi International Inc has a weighted four-quarter relative price strength of -5.07%, which translates to a Momentum Score of 48 and is considered to be Average.

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Digi International Inc Stock Price: Bottom Line

As of August 15, 2024, Digi International Inc’s stock price is $29.03, which is up 5.6% from its previous closing price.

AAII advises against making stock decisions based solely on price or past returns. Instead, consider a variety of metrics, fundamentals, and analytics to evaluate a stock like Digi International Inc stock prices are influenced by market supply and demand and offer just a snapshot of a company's overall health.

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