The stock of DigitalOcean Holdings Inc (DOCN) has gone up by 7.62% for the week, with a -3.87% drop in the past month and a 1.43% rise in the past quarter. The volatility ratio for the week is 4.61%, and the volatility levels for the past 30 days are 4.10% for DOCN. The simple moving average for the last 20 days is 0.61% for DOCN stock, with a simple moving average of -1.40% for the last 200 days.
Is It Worth Investing in DigitalOcean Holdings Inc (NYSE: DOCN) Right Now?
DigitalOcean Holdings Inc (NYSE: DOCN) has a price-to-earnings ratio that is above its average at 64.39x. The stock has a 36-month beta value of 1.82. Opinions on the stock are mixed, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
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The public float for DOCN is 57.01M, and at present, short sellers hold a 13.04% of that float. On July 31, 2024, the average trading volume of DOCN was 1.51M shares.
DOCN) stock’s latest price update
DigitalOcean Holdings Inc (NYSE: DOCN) has seen a rise in its stock price by 4.81 in relation to its previous close of 31.80. However, the company has experienced a 7.62% gain in its stock price over the last five trading sessions. investorplace.com reported 2024-07-30 that Following a recent, widely-reported cloud computing outage incident, you may be wondering what cloud stocks to sell. Besides the company in question behind the outage, there are other cloud stocks where exiting your position is likely the best move.
Analysts’ Opinion of DOCN
Many brokerage firms have already submitted their reports for DOCN stocks, with UBS repeating the rating for DOCN by listing it as a “Neutral.” The predicted price for DOCN in the upcoming period, according to UBS is $40 based on the research report published on May 22, 2024 of the current year 2024.
Oppenheimer, on the other hand, stated in their research note that they expect to see DOCN reach a price target of $37. The rating they have provided for DOCN stocks is “Outperform” according to the report published on November 21st, 2023.
Goldman gave a rating of “Buy” to DOCN, setting the target price at $33 in the report published on November 07th of the previous year.
DOCN Trading at -4.45% 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 -32.80% of loss for the given period.
Volatility was left at 4.10%, however, over the last 30 days, the volatility rate increased by 4.61%, as shares sank -5.83% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -10.49% lower at present.
During the last 5 trading sessions, DOCN rose by +6.94%, which changed the moving average for the period of 200-days by +41.36% in comparison to the 20-day moving average, which settled at $33.02. In addition, DigitalOcean Holdings Inc saw -9.16% 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 5,220 shares at the price of $37.46 back on Jun 07 ’24. After this action, Butte Amy now owns 36,417 shares of DigitalOcean Holdings Inc, valued at $195,541 using the latest closing price.
Butte Amy, the Director of DigitalOcean Holdings Inc, sale 3,760 shares at $36.80 during a trade that took place back on Feb 26 ’24, which means that Butte Amy is holding 36,220 shares at $138,368 based on the most recent closing price.
Stock Fundamentals for DOCN
Current profitability levels for the company are sitting at:
- 0.08 for the present operating margin
- 0.6 for the gross margin
The net margin for DigitalOcean Holdings Inc stands at 0.07. The total capital return value is set at 0.04.
Based on DigitalOcean Holdings Inc (DOCN), the company’s capital structure generated 1.22 points at debt to capital in total, while cash flow to debt ratio is standing at 0.17. The debt to equity ratio resting at -5.46. The interest coverage ratio of the stock is 6.24.
Currently, EBITDA for the company is 174.47 million with net debt to EBITDA at 7.44. When we switch over and look at the enterprise to sales, we see a ratio of 6.02. The receivables turnover for the company is 11.16for trailing twelve months and the total asset turnover is 0.48. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.73.
Conclusion
To sum up, DigitalOcean Holdings Inc (DOCN) has seen a mixed performance recently. Analysts have differing views on the stock, with some seeing 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.
