How to Buy Digi International Stock
Digi International Inc
Digi International Inc. provides business and mission-critical Internet of Things (IoT) products, services, and solutions in the United States and internationally.
Digi International stock last closed at $32.34, up 1.79% from the previous day, and has increased 58.76% in one year. It has overperformed other stocks in the Communication Equipment industry by 0.72 percentage points. Digi International stock is currently +74.43% from its 52-week low of $18.54, and -25.96% from its 52-week high of $43.68.
At the moment, there are 35.74M DGII shares outstanding. The market value of DGII is $1.16B. In the last 24 hours, 393,057 DGII shares were traded.
How to Buy Digi International Stock
Wondering how to invest in Digi International stock? Here's how.
- Figure out where to buy Digi International stock: You need to choose a stock brokerage, but don't worry - we've sifted through dozens of stock brokerages and apps to help you determine where to buy Digi International stock.
- Open a brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've selected.
- Deposit funds into your investment account: Pick your payment method and add your details.
- Evaluate Digi International stock: The Digi International ticker symbol is DGII. Is Digi International stock a good investment? Should you buy shares of DGII? How do DGII's underlying business fundamentals look? Do top analysts think Digi International is a good buy? Why has DGII's stock price moved recently? (Hint: Our stock research website can help you figure out if DGII is a good stock to buy).
- Execute your DGII buy order: Decide if you will purchase DGII shares at the current market price or use a limit order to buy DGII shares at a given price.
- Get the latest scoop on your DGII investment: Create a watchlist to track your new investment in Digi International shares.
Step 1: Figure out where to buy Digi International stock
You will need an online brokerage account in order to access the NASDAQ market and buy DGII shares.
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Open eToro AccountStep 2: Open a brokerage account
Now that you've selected your brokerage, you'll need to fill out some personal info so you are able to buy DGII today.
How to Create a New Brokerage Account on eToro
- Click here to get started.
- Input your personal data to create a new brokerage account.
- Submit your information by clicking the "Create Account" button.
Step 3: Deposit funds into your investment account
Now that you have created your account on a investment app, you need to deposit funds:
Check out the tutorial below for more details depositing money into your new brokerage account.
Step 4: Evaluate Digi International stock
After you have identified the best place to buy Digi International stock, it's very important to evaluate their stock prior to investing, so you truly wrap your head around the risk as well as the opportunity.
Digi International stock data
DGII Overview
WallStreetZen was created to help part-time investors perform more in-depth fundamental analysis quickly.
You can view all of the due diligence checks on DGII's stock page.
Is DGII stock overvalued?
You can use many financial metrics, analyses, models, and charts to gauge DGII's intrinsic value.
Using relative valuations measures:
- DGII could be overvalued based on its P/E ratio of 47.56x, relative to Communication Equipment industry P/E ratio of 15.86x
- DGII could be undervalued based on its P/B ratio of 2.27x, relative to Communication Equipment industry P/B ratio of 3.25x
- DGII could be undervalued based on its PEG ratio of 0.46x
You can access more valuation research on DGII's stock here.
DGII Financials at a glance
Passed Health Checks:
- DGII profit margin has gone up from 3.7% to 5.8% in the past year.
- There are more short-term assets than short-term liabilities on the DGII balance sheet.
Failed Health Checks:
- DGII has a relatively high debt to equity ratio of 0.68.
- Total DGII debt is higher than 5 years ago, relative to shareholder equity.
- DGII earnings of $46.61M is not enough to cover its interest payments.
- DGII's operating cash flow of $50.31M allows it to safely service it's debt of $253.78M.
- There are more long-term liabilities than short-term assets on the DGII balance sheet.
Is DGII stock a Buy, Hold, or Sell, according to Wall Street analysts?
Out of 5 Equities analysts who give ratings on DGII, the consensus analyst rating on Digi International is a Strong Buy
It's important to keep in mind that analyst ratings are not stock recommendations, nor are they financial advice.
Latest DGII Analyst Forecasts
Derek Soderberg, a bottom 32% analyst from Cantor Fitzgerald reiterates DGII with a strong buy rating and maintains their DGII price target from $48.00 to $48.00, on Feb 3, 2023.
Tommy Moll, a top 19% analyst from Stephens & Co. maintains DGII with a strong buy rating and raises their DGII price target from $40.00 to $50.00, on Nov 11, 2022.
Michael Walkley, a top 7% analyst from Canaccord Genuity maintains DGII with a strong buy rating and raises their DGII price target from $41.00 to $46.00, on Nov 11, 2022.
Walkley raised his price target on Digi International Inc. by 12.2% following the release of the company's Q4 and FY 2022 earnings report on 2022/11/10.
"Driven by the company's strong IoT (Internet of Things) Products & Services gross margins, his expectations for healthy growth of its IoT Solutions business, and increasing contribution from higher-margin recurring revenue," Digi's strong Q4, and FY results "substantiate" his sustained long-term cash flow generation expectations, the analyst told investors.
Digi International reported:
For Q4 2022:
- EPS of $0.45, which beat the Zacks Consensus Estimate of $0.4 and, by 80%, Q4 2021 $0.25.
- Revenue of $105.74M, which beat the Zacks Consensus Estimate by 5.11% and, by 33.6%, Q4 2021's $79.11M.
- EBITDA of $22M, up 82% Y/Y.
- ARR (Annual Recurring Revenue) of $94M, up 149% Y/Y.
- IoT Products & Services segment revenue of $81M, up 15% Y/Y.
- IoT Solutions segment revenue $25M, up 173% Y/Y.
For FY 2022:
- EPS of $1.66, up 54% Y/Y.
- Revenue of $388M, up 26% Y/Y.
- EBITDA of $79M, up 65% Y/Y.
- IoT Products & Services segment revenue of $298M, up 13% Y/Y.
- IoT Solutions segment revenue $91M, up 104% Y/Y.
For Q1 2023, management guided:
- EPS of $0.41 to $0.44.
- Revenue of $101M to $105M which, if achieved, would represent a 20% to 25% increase Y/Y.
- EBITDA of $20.2M to $21.7M.
President & CEO Ron Konezny commented: "We set new records for revenue, ARR, Adjusted EBITDA, and EPS throughout the year.
"We hit the first of our '100' goals with consecutive $100 million revenue quarters.
"We remain committed to our remaining goals of $100 million in ARR and $100 million in annualized Adjusted EBITDA."
Digi International shares have gained 48.3% YTD against the S&P 500's 21.4% decline.
Jonathan Ruykhaver, a top 21% analyst from Cantor Fitzgerald initiates coverage on DGII with a strong buy rating and announces their DGII price target of $41.00, on Sep 8, 2022.
Harsh Kumar, a top 6% analyst from Piper Sandler maintains DGII with a strong buy rating and raises their DGII price target from $30.00 to $45.00, on Aug 5, 2022.
You can dig deeper into what analysts are saying on the Digi International stock forecast page.
DGII Momentum
DGII Growth Metrics
Last year, DGII earnings were $23.98M. During the past five year, DGII's earnings have gone up by 46.72% per year. This was faster than the Communication Equipment industry average of 23.22%.
Last year, DGII revenue was $413.27M. In the last 5 year, DGII's revenue has gone up by 17.94% per year. This was faster than the Communication Equipment industry average of 4.09%.
Dig into DGII's earnings and revenue performance here.
Are DGII insiders buying or selling the stock?
In the past year, insiders at DGII have sold more shares than they have bought.
James J. Loch, SR VP CFO AND TREASURER of DGII, was the latest DGII insider to sell. They sold $237,762.00 worth of DGII stock on Mar 6, 2023.
Dig into more about who owns DGII shares here.
Can I get consistent income from DGII stock?
No, Digi International doesn't provide an income stream by paying out dividends.
What others are saying about DGII
One of the biggest reasons eToro is our top-rated brokerage is because of its social trading community.
Click below to see what other community members have to say.
Step 5: Execute your DGII buy order
There are two main options:
- Market order: A market order is an order to buy or sell a security at the best available price.
Market orders are mostly sufficient. - Limit order: A limit order lets you buy or sell a stock at a specific price (or better).
If you want to ensure you're buying or selling at a specific price, place a limit order.
Hit the Open button and eToro will execute your order.
If you require additional info about buying stocks on eToro, click the helpful video below:
Step 6: Get the latest scoop on your DGII investment
Now that you own some shares in DGII, you'll want to stay up-to-date on your investment.
Put DGII on a watchlist to get notified of important updates regarding your DGII stock.
DGII Feed
How to Buy Stock in Digi International
To reiterate, here are the 6 steps to buy stock in Digi International:
- Figure out where to buy Digi International stock
- Open a brokerage account
- Deposit funds into your investment account
- Evaluate Digi International stock
- Execute your DGII buy order
- Get the latest scoop on your DGII investment
If you require a online brokerage, eToro is our recommended option.
Get Started with eToro TodayIf you want to watch your new investment in Digi International, create your watchlist below.
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