Datadog Inc (NASDAQ: DDOG) has experienced a rise in its stock price by 0.57 compared to its previous closing price of 124.27. However, the company has seen a fall of -3.17% in its stock price over the last five trading days. Zacks Investment Research reported 2024-04-29 that Datadog (DDOG) closed the most recent trading day at $129.07, moving -1.81% from the previous trading session.
Is It Worth Investing in Datadog Inc (NASDAQ: DDOG) Right Now?
Datadog Inc (NASDAQ: DDOG) has a higher price-to-earnings ratio of 964.37x compared to its average ratio, The 36-month beta value for DDOG is at 1.13. Analysts have varying views on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for DDOG is 274.83M, and currently, shorts hold a 3.74% of that float. The average trading volume for DDOG on May 06, 2024 was 3.79M shares.
DDOG’s Market Performance
DDOG stock saw an increase of -3.17% in the past week, with a monthly gain of 0.47% and a quarterly increase of -4.70%. The volatility ratio for the week is 3.61%, and the volatility levels for the last 30 days are 3.74% for Datadog Inc (DDOG). The simple moving average for the past 20 days is -0.80% for DDOG’s stock, with a 12.30% simple moving average for the past 200 days.
Analysts’ Opinion of DDOG
Many brokerage firms have already submitted their reports for DDOG stocks, with Wells Fargo repeating the rating for DDOG by listing it as a “Overweight.” The predicted price for DDOG in the upcoming period, according to Wells Fargo is $150 based on the research report published on April 23, 2024 of the current year 2024.
BMO Capital Markets, on the other hand, stated in their research note that they expect to see DDOG reach a price target of $140. The rating they have provided for DDOG stocks is “Outperform” according to the report published on January 16th, 2024.
Stifel gave a rating of “Buy” to DDOG, setting the target price at $140 in the report published on December 07th of the previous year.
DDOG Trading at -0.10% from the 50-Day Moving Average
After a stumble in the market that brought DDOG to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -9.83% of loss for the given period.
Volatility was left at 3.74%, however, over the last 30 days, the volatility rate increased by 3.61%, as shares sank -0.52% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -3.41% lower at present.
During the last 5 trading sessions, DDOG fell by -3.08%, which changed the moving average for the period of 200-days by +13.83% in comparison to the 20-day moving average, which settled at $125.96. In addition, Datadog Inc saw 2.97% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at DDOG starting from Pomel Olivier, who sale 24,518 shares at the price of $130.08 back on Apr 24 ’24. After this action, Pomel Olivier now owns 337,247 shares of Datadog Inc, valued at $3,189,238 using the latest closing price.
Pomel Olivier, the CHIEF EXECUTIVE OFFICER of Datadog Inc, sale 23,924 shares at $130.05 during a trade that took place back on Apr 23 ’24, which means that Pomel Olivier is holding 337,247 shares at $3,111,398 based on the most recent closing price.
Stock Fundamentals for DDOG
Current profitability levels for the company are sitting at:
- -0.02 for the present operating margin
- 0.81 for the gross margin
The net margin for Datadog Inc stands at 0.02. The total capital return value is set at -0.01. Equity return is now at value 2.83, with 1.40 for asset returns.
Based on Datadog Inc (DDOG), the company’s capital structure generated 0.27 points at debt to capital in total, while cash flow to debt ratio is standing at 0.86. The debt to equity ratio resting at 0.38. The interest coverage ratio of the stock is -13.93.
Currently, EBITDA for the company is 11.0 million with net debt to EBITDA at 10.01. When we switch over and look at the enterprise to sales, we see a ratio of 19.73. The receivables turnover for the company is 4.06for trailing twelve months and the total asset turnover is 0.54. The liquidity ratio also appears to be rather interesting for investors as it stands at 3.12.
Conclusion
In conclusion, Datadog Inc (DDOG) has had a mixed performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
