DigitalOcean Holdings Inc. (NYSE:DOCN) went down by -2.53% from its latest closing price compared to the recent 1-year high of $133.40. The company’s stock price has collected 3.13% of gains in the last five trading sessions. Press Release reported on 11/16/21 that DigitalOcean Report Uncovers Barriers SMBs Face in Cloud Adoption, Showing Need for Less Technical Solutions
Is It Worth Investing in DigitalOcean Holdings Inc. (NYSE :DOCN) Right Now?
DOCN currently public float of 62.55M and currently shorts hold a 13.73% ratio of that float. Today, the average trading volume of DOCN was 2.47M shares.
DOCN’s Market Performance
DOCN stocks went up by 3.13% for the week, with a monthly drop of -11.19% and a quarterly performance of -21.46%. The volatility ratio for the week stands at 8.91% while the volatility levels for the past 30 days are set at 7.72% for DigitalOcean Holdings Inc.. The simple moving average for the period of the last 20 days is -6.09% for DOCN stocks with a simple moving average of 7.96% for the last 200 days.
Analysts’ Opinion of DOCN
Morgan Stanley, on the other hand, stated in their research note that they expect to see DOCN reach a price target of $60, previously predicting the price at $50. The rating they have provided for DOCN stocks is “Equal-Weight” according to the report published on August 06th, 2021.
KeyBanc Capital Markets gave a rating of “Overweight” to DOCN, setting the target price at $67 in the report published on August 06th of the previous year.
DOCN Trading at -22.59% from the 50-Day Moving Average
After a stumble in the market that brought DOCN to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -46.37% of loss for the given period.
Volatility was left at 7.72%, however, over the last 30 days, the volatility rate increased by 8.91%, as shares sank -3.96% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -24.51% lower at present.
During the last 5 trading sessions, DOCN rose by +3.13%, which changed the moving average for the period of 200-days by +77.34% in comparison to the 20-day moving average, which settled at $76.03. In addition, DigitalOcean Holdings Inc. saw -10.94% in overturn over a single year, with a tendency to cut further losses.
Reports are indicating that there were more than several insider trading activities at DOCN starting from Butte Amy, who sale 5,000 shares at the price of $75.91 back on Jan 03. After this action, Butte Amy now owns 31,000 shares of DigitalOcean Holdings Inc., valued at $379,550 using the latest closing price.
SHAPIRO ALAN, the General Counsel of DigitalOcean Holdings Inc., sale 3,400 shares at $80.41 during a trade that took place back on Jan 03, which means that SHAPIRO ALAN is holding 139,504 shares at $273,394 based on the most recent closing price.