DigitalOcean Holdings Inc (NYSE: DOCN) has a higher price-to-earnings ratio of 25330.77x compared to its average ratio. DOCN has 36-month beta value of 1.82. Analysts have mixed views on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for DOCN is 51.91M, and currently, short sellers hold a 12.50% ratio of that float. The average trading volume of DOCN on April 19, 2024 was 1.04M shares.
DOCN) stock’s latest price update
DigitalOcean Holdings Inc (NYSE: DOCN)’s stock price has gone decline by -0.90 in comparison to its previous close of 33.23, however, the company has experienced a -9.73% decrease in its stock price over the last five trading days. Proactive Investors reported 2024-04-17 that Ocean Power Technologies Inc (NYSE-A:OPTT) announced that its chief commercial officer Matt Burdyny will be presenting at the Digital Ocean Industry Symposium on April 17 being held at the NATO Headquarters in Brussels, Belgium. The company, a leader in innovative marine power, data, and service solutions, highlighted that the NATO Digital Ocean Industry Symposium brings together key NATO stakeholders and industry leaders to explore emerging and disruptive technologies which could enhance Maritime Situational Awareness.
DOCN’s Market Performance
DigitalOcean Holdings Inc (DOCN) has experienced a -9.73% fall in stock performance for the past week, with a -16.12% drop in the past month, and a -4.52% drop in the past quarter. The volatility ratio for the week is 3.80%, and the volatility levels for the past 30 days are at 3.11% for DOCN.. The simple moving average for the past 20 days is -11.29% for DOCN’s stock, with a -1.82% simple moving average for the past 200 days.
Analysts’ Opinion of DOCN
Many brokerage firms have already submitted their reports for DOCN stocks, with Oppenheimer repeating the rating for DOCN by listing it as a “Outperform.” The predicted price for DOCN in the upcoming period, according to Oppenheimer is $37 based on the research report published on November 21, 2023 of the previous year 2023.
Goldman, on the other hand, stated in their research note that they expect to see DOCN reach a price target of $33. The rating they have provided for DOCN stocks is “Buy” according to the report published on November 07th, 2023.
Piper Sandler gave a rating of “Neutral” to DOCN, setting the target price at $22 in the report published on October 23rd of the previous year.
DOCN Trading at -13.15% 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 -36.29% of loss for the given period.
Volatility was left at 3.11%, however, over the last 30 days, the volatility rate increased by 3.80%, as shares sank -16.14% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -5.10% lower at present.
During the last 5 trading sessions, DOCN fell by -9.73%, which changed the moving average for the period of 200-days by -16.74% in comparison to the 20-day moving average, which settled at $36.81. In addition, DigitalOcean Holdings Inc saw -10.25% 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 Butte Amy, who sale 3,760 shares at the price of $36.80 back on Feb 26 ’24. After this action, Butte Amy now owns 36,220 shares of DigitalOcean Holdings Inc, valued at $138,368 using the latest closing price.
Spruill Yancey L., the Chief Executive Officer of DigitalOcean Holdings Inc, sale 309,700 shares at $28.52 during a trade that took place back on Nov 22 ’23, which means that Spruill Yancey L. is holding 4,954,067 shares at $8,832,644 based on the most recent closing price.
Stock Fundamentals for DOCN
Current profitability levels for the company are sitting at:
- 0.06 for the present operating margin
- 0.59 for the gross margin
The net margin for DigitalOcean Holdings Inc stands at 0.01. The total capital return value is set at 0.03. Equity return is now at value -39.11, with 0.05 for asset returns.
Based on DigitalOcean Holdings Inc (DOCN), the company’s capital structure generated 1.23 points at debt to capital in total, while cash flow to debt ratio is standing at 0.14. The debt to equity ratio resting at -5.28. The interest coverage ratio of the stock is 4.55.
Currently, EBITDA for the company is 174.47 million with net debt to EBITDA at 9.08. When we switch over and look at the enterprise to sales, we see a ratio of 6.25. The receivables turnover for the company is 11.14for trailing twelve months and the total asset turnover is 0.47. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.61.
Conclusion
To put it simply, DigitalOcean Holdings Inc (DOCN) has had a bad performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
