In the past week, DOCN stock has gone down by -1.96%, with a monthly decline of -13.50% and a quarterly surge of 3.93%. The volatility ratio for the week is 4.40%, and the volatility levels for the last 30 days are 3.73% for DigitalOcean Holdings Inc The simple moving average for the past 20 days is -5.05% for DOCN’s stock, with a 2.90% simple moving average for the past 200 days.
Is It Worth Investing in DigitalOcean Holdings Inc (NYSE: DOCN) Right Now?
DigitalOcean Holdings Inc (NYSE: DOCN) has a higher price-to-earnings ratio of 44.82x compared to its average ratio. DOCN has 36-month beta value of 1.78. Analysts have mixed views on the stock, with 4 analysts rating it as a “buy,” 2 as “overweight,” 6 as “hold,” and 1 as “sell.”
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The public float for DOCN is 59.50M, and currently, short sellers hold a 9.23% ratio of that float. The average trading volume of DOCN on November 14, 2024 was 1.21M shares.
DOCN) stock’s latest price update
The stock price of DigitalOcean Holdings Inc (NYSE: DOCN) has plunged by -0.86 when compared to previous closing price of 38.39, but the company has seen a -1.96% decline in its stock price over the last five trading sessions. fool.com reported 2024-11-12 that Mid-cap company DigitalOcean is competing against Microsoft Azure, Amazon Web Services, and Google Cloud.
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 -6.29% 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 -15.04% of loss for the given period.
Volatility was left at 3.73%, however, over the last 30 days, the volatility rate increased by 4.40%, as shares sank -12.61% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +6.08% upper at present.
During the last 5 trading sessions, DOCN fell by -1.96%, which changed the moving average for the period of 200-days by +7.91% in comparison to the 20-day moving average, which settled at $40.08. In addition, DigitalOcean Holdings Inc saw 3.73% 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 DOCN starting from Steinfort Matt, who sale 12,498 shares at the price of $40.00 back on Sep 11 ’24. After this action, Steinfort Matt now owns 548,542 shares of DigitalOcean Holdings Inc, valued at $499,920 using the latest closing price.
Steinfort Matt, the Officer of DigitalOcean Holdings Inc, proposed sale 12,498 shares at $40.00 during a trade that took place back on Sep 11 ’24, which means that Steinfort Matt is holding shares at $499,920 based on the most recent closing price.
Stock Fundamentals for DOCN
Current profitability levels for the company are sitting at:
- 0.09 for the present operating margin
- 0.6 for the gross margin
The net margin for DigitalOcean Holdings Inc stands at 0.11. The total capital return value is set at 0.05.
Based on DigitalOcean Holdings Inc (DOCN), the company’s capital structure generated 1.16 points at debt to capital in total, while cash flow to debt ratio is standing at 0.19. The debt to equity ratio resting at -7.33. The interest coverage ratio of the stock is 14.86.
Currently, EBITDA for the company is 153.59 million with net debt to EBITDA at 5.56. When we switch over and look at the enterprise to sales, we see a ratio of 6.21. The receivables turnover for the company is 10.97for trailing twelve months and the total asset turnover is 0.5. The liquidity ratio also appears to be rather interesting for investors as it stands at 3.14.
Conclusion
To put it simply, DigitalOcean Holdings Inc (DOCN) has had a mixed 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.
