Digi International Inc Shares Up 3.46 percent on Oct 11

DGII Stock  USD 33.71  0.55  1.66%   
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.
  
Shares of Digi International Inc surged 3.46 percent in mid-day trading on Oct 11. The stock reached an intraday high of 29.44, before settling at 29.44,

Read at gurufocus.com
Gurufocus Stories at Macroaxis
  

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.

Cash And Equivalents

Cash And Equivalents Comparative Analysis

Digi International is currently under evaluation in cash and equivalents category among its peers. Cash or Cash Equivalents are the most liquid of all assets found on the company's balance sheet. It is used in calculating many of the firm's liquidity ratios and is a good indicator of the overall financial health of a company. Companies with a lot of cash are usually attractive takeover targets. Cash Equivalents are balance sheet items that are typically reported using currency printed on notes.

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

MYNAMynaric AG   24.32   
0%
100.0%
KVHIKVH Industries   2.83   
0%
11.0%
KNKnowles Cor   2.07   
0%
8.0%
EXTRExtreme Networks   1.93   
0%
7.0%
CIENCiena Corp   1.58   
0%
6.0%
NTGRNETGEAR   1.53   
0%
6.0%
HLITHarmonic   1.37   
0%
5.0%
JNPRJuniper Networks   0.99   
0%
4.0%
ADTNADTRAN   0.82   
0%
3.0%
ITRNIturan Location   0.85   
3.0%
0%
AVNWAviat Networks   1.32   
5.0%
0%
CLFDClearfield   1.65   
6.0%
0%
CMTLComtech Telecommunicatio   2.89   
11.0%
0%
TSATTelesat Corp   3.12   
12.0%
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.
Bollinger Bands
Use Bollinger Bands indicator to analyze target price for a given investing horizon
AI Portfolio Architect
Use AI to generate optimal portfolios and find profitable investment opportunities
Price Transformation
Use Price Transformation models to analyze the depth of different equity instruments across global markets