The stock price of Datadog Inc (NASDAQ: DDOG) has surged by 1.87 when compared to previous closing price of 123.26, but the company has seen a -0.64% decline in its stock price over the last five trading sessions. zacks.com reported 2024-10-31 that Datadog (DDOG) doesn’t possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Is It Worth Investing in Datadog Inc (NASDAQ: DDOG) Right Now?
Datadog Inc (NASDAQ: DDOG) has a higher price-to-earnings ratio of 272.96x compared to its average ratio, The 36-month beta value for DDOG is at 1.07. Analysts have varying views on the stock, with 25 analysts rating it as a “buy,” 11 rating it as “overweight,” 6 as “hold,” and 0 as “sell.”
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The public float for DDOG is 293.75M, and currently, shorts hold a 3.09% of that float. The average trading volume for DDOG on November 05, 2024 was 3.15M shares.
DDOG’s Market Performance
DDOG stock saw an increase of -0.64% in the past week, with a monthly gain of 2.34% and a quarterly increase of 19.05%. The volatility ratio for the week is 3.07%, and the volatility levels for the last 30 days are 2.62% for Datadog Inc (DDOG). The simple moving average for the past 20 days is -0.55% for DDOG’s stock, with a 3.27% simple moving average for the past 200 days.
Analysts’ Opinion of DDOG
Many brokerage firms have already submitted their reports for DDOG stocks, with BMO Capital Markets repeating the rating for DDOG by listing it as a “Outperform.” The predicted price for DDOG in the upcoming period, according to BMO Capital Markets is $135 based on the research report published on October 25, 2024 of the current year 2024.
UBS, on the other hand, stated in their research note that they expect to see DDOG reach a price target of $150, previously predicting the price at $125. The rating they have provided for DDOG stocks is “Buy” according to the report published on October 18th, 2024.
Exane BNP Paribas gave a rating of “Outperform” to DDOG, setting the target price at $150 in the report published on October 08th of the current year.
DDOG Trading at 5.74% 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 -9.41% of loss for the given period.
Volatility was left at 2.62%, however, over the last 30 days, the volatility rate increased by 3.07%, as shares surge +2.60% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +7.11% upper at present.
During the last 5 trading sessions, DDOG fell by -0.64%, which changed the moving average for the period of 200-days by -3.65% in comparison to the 20-day moving average, which settled at $126.26. In addition, Datadog Inc saw 3.44% 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 OLIVIER POMEL, who proposed sale 85,637 shares at the price of $123.26 back on Nov 04 ’24. After this action, OLIVIER POMEL now owns shares of Datadog Inc, valued at $10,555,617 using the latest closing price.
Shah Shardul, the Director of Datadog Inc, sale 7,916 shares at $126.67 during a trade that took place back on Oct 15 ’24, which means that Shah Shardul is holding 451,533 shares at $1,002,746 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
- 0.82 for the gross margin
The net margin for Datadog Inc stands at 0.07. The total capital return value is set at 0.02. Equity return is now at value 8.04, with 4.22 for asset returns.
Based on Datadog Inc (DDOG), the company’s capital structure generated 0.29 points at debt to capital in total, while cash flow to debt ratio is standing at 0.78. The debt to equity ratio resting at 0.4. The interest coverage ratio of the stock is 16.96.
Currently, EBITDA for the company is 11.0 million with net debt to EBITDA at 3.7. When we switch over and look at the enterprise to sales, we see a ratio of 17.92. The receivables turnover for the company is 4.49for 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 1.98.
Conclusion
In conclusion, Datadog Inc (DDOG) has had a better 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.
