Is DigitalOcean Holdings Inc. (DOCN) a Keeper? – News Heater
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Is DigitalOcean Holdings Inc. (DOCN) a Keeper?

DigitalOcean Holdings Inc. (NYSE:DOCN) went up by 8.85% from its latest closing price compared to the recent 1-year high of $133.40. The company’s stock price has collected 5.18% of gains in the last five trading sessions. Barron’s reported on 02/24/22 that DigitalOcean Stock Rallies on Strong Growth in Cloud Services for the Little Guy

Is It Worth Investing in DigitalOcean Holdings Inc. (NYSE :DOCN) Right Now?

Opinions of the stock are interesting as 9 analysts out of 12 who provided ratings for DigitalOcean Holdings Inc. declared the stock was a “buy,” while 1 rated the stock as “overweight,” 2 rated it as “hold,” and 0 as “sell.”

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The average price from analysts is $58.36, which is $13.09 above the current price. DOCN currently public float of 59.73M and currently shorts hold a 13.52% ratio of that float. Today, the average trading volume of DOCN was 2.30M shares.

DOCN’s Market Performance

DOCN stocks went up by 5.18% for the week, with a monthly jump of 10.31% and a quarterly performance of -23.67%, while its annual performance rate touched -11.40%. The volatility ratio for the week stands at 7.98% while the volatility levels for the past 30 days are set at 7.57% for DigitalOcean Holdings Inc. The simple moving average for the period of the last 20 days is 2.15% for DOCN stocks with a simple moving average of -31.78% for the last 200 days.

Analysts’ Opinion of DOCN

Many brokerage firms have already submitted their reports for DOCN stocks, with Goldman repeating the rating for DOCN by listing it as a “Buy.” The predicted price for DOCN in the upcoming period, according to Goldman is $49 based on the research report published on May 12th of the current year 2022.

Piper Sandler, on the other hand, stated in their research note that they expect to see DOCN reach a price target of $72. The rating they have provided for DOCN stocks is “Overweight” according to the report published on April 04th, 2022.

DOCN Trading at 6.77% 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 -65.43% of loss for the given period.

Volatility was left at 7.57%, however, over the last 30 days, the volatility rate increased by 7.98%, as shares surge +6.59% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -10.17% lower at present.

During the last 5 trading sessions, DOCN rose by +5.18%, which changed the moving average for the period of 200-days by -34.38% in comparison to the 20-day moving average, which settled at $45.28. In addition, DigitalOcean Holdings Inc. saw -42.60% in overturn over a single year, with a tendency to cut further losses.

Insider Trading

Reports are indicating that there were more than several insider trading activities at DOCN starting from Brantz Carly D, who sale 16,610 shares at the price of $40.40 back on Jun 16. After this action, Brantz Carly D now owns 102,671 shares of DigitalOcean Holdings Inc., valued at $671,044 using the latest closing price.

SHAPIRO ALAN, the General Counsel of DigitalOcean Holdings Inc., sale 25,893 shares at $49.60 during a trade that took place back on Jun 01, which means that SHAPIRO ALAN is holding 282,048 shares at $1,284,293 based on the most recent closing price.

Stock Fundamentals for DOCN

Current profitability levels for the company are sitting at:

  • -3.24 for the present operating margin
  • +60.19 for the gross margin

The net margin for DigitalOcean Holdings Inc. stands at -4.55. Equity return is now at value -5.00, with -2.30 for asset returns.

The liquidity ratio also appears to be rather interesting for investors as it stands at 30.39.