DGII Stock Summary and Trading Ideas (Digi Intl | NASDAQ:DGII)

Digi International Inc is a Minnesota corporation. The company provides business and mission-critical and Internet of Things (IoT) connectivity products and services. It has two segments: IoT Products and Services and IoT Solutions. The IoT Products and Services segment consists of distinct communications products and communication product development services. IoT Solutions segment offers wireless temperature and other environmental condition monitoring services as well as employee task management services. The company generates majority of its revenue from the IoT Products & Services segment. Geographically, the company generates majority of its revenue from its business in the United States and also has its presence in Europe, Middle East and Africa and Rest of the world.

Digi Intl trades on the NASDAQ stock market under the symbol DGII.

As of April 22, 2024, DGII stock price climbed to $29.49 with 93,244 million shares trading.

DGII has a beta of 1.37, meaning it tends to be more sensitive to market movements. DGII has a correlation of 0.15 to the broad based SPY ETF.

DGII has a market cap of $1.07 billion. This is considered a Small Cap stock.

Last quarter Digi Intl reported $106 million in Revenue and $.48 earnings per share. This beat revenue expectation by $479,000 and exceeded earnings estimates by $.04.

In the last 3 years, DGII stock traded as high as $43.68 and as low as $16.70.

The top ETF exchange traded funds that DGII belongs to (by Net Assets): IJR, VTI, VGT, IWM, VXF.

DGII has underperformed the market in the last year with a price return of -9.2% while the SPY ETF gained +22.9%. However, in the short term, DGII had mixed performance relative to the market. It has outperformed in the last 3 months, returning +18.7% vs +3.7% return in SPY. But in the last 2 weeks, DGII shares have been beat by the market, returning -8.5% compared to an SPY return of -3.7%.

DGII support price is $28.64 and resistance is $29.98 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that DGII stock will trade within this expected range on the day.