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The Chart for DigitalOcean Holdings Inc. (DOCN) Is Flashing Mixed Signals

DigitalOcean Holdings Inc. (NYSE:DOCN) went down by -2.36% from its latest closing price compared to the recent 1-year high of $133.40. The company’s stock price has collected 11.00% of gains in the last five trading sessions. Barron’s reported on 07/13/22 that DigitalOcean Catches a Double Downgrade on Recession Worries

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

Opinions of the stock are interesting as 8 analysts out of 12 who provided ratings for DigitalOcean Holdings Inc. declared the stock was a “buy,” while 1 rated the stock as “overweight,” 1 rated it as “hold,” and 2 as “sell.”

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The average price from analysts is $55.36, which is $11.71 above the current price. DOCN currently public float of 74.19M and currently shorts hold a 11.69% ratio of that float. Today, the average trading volume of DOCN was 2.39M shares.

DOCN’s Market Performance

DOCN stocks went up by 11.00% for the week, with a monthly jump of 0.16% and a quarterly performance of 1.45%, while its annual performance rate touched -24.85%. The volatility ratio for the week stands at 5.88% while the volatility levels for the past 30 days are set at 6.60% for DigitalOcean Holdings Inc. The simple moving average for the period of the last 20 days is 10.41% for DOCN stocks with a simple moving average of -28.60% 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 “Sell.” The predicted price for DOCN in the upcoming period, according to Goldman is $40 based on the research report published on July 13th of the current year 2022.

Morgan Stanley, on the other hand, stated in their research note that they expect to see DOCN reach a price target of $45. The rating they have provided for DOCN stocks is “Underweight” according to the report published on July 11th, 2022.

Goldman gave a rating of “Buy” to DOCN, setting the target price at $49 in the report published on May 12th of the current year.

DOCN Trading at 3.02% 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 -66.87% of loss for the given period.

Volatility was left at 6.60%, however, over the last 30 days, the volatility rate increased by 5.88%, as shares sank -2.94% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +5.72% upper at present.

During the last 5 trading sessions, DOCN rose by +11.00%, which changed the moving average for the period of 200-days by -51.79% in comparison to the 20-day moving average, which settled at $39.96. In addition, DigitalOcean Holdings Inc. saw -44.99% 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

Equity return is now at value -5.00, with -2.30 for asset returns.

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