DigitalOcean Holdings Inc (NYSE: DOCN) has a higher price-to-earnings ratio of 49.21x compared to its average ratio, The 36-month beta value for DOCN is at 1.80. Analysts have varying views on the stock, with 3 analysts rating it as a “buy,” 4 rating it as “overweight,” 6 as “hold,” and 0 as “sell.”
The public float for DOCN is 62.18M, and currently, shorts hold a 9.26% of that float. The average trading volume for DOCN on January 24, 2025 was 897.76K shares.
DOCN) stock’s latest price update
DigitalOcean Holdings Inc (NYSE: DOCN)’s stock price has increased by 7.89 compared to its previous closing price of 38.73. However, the company has seen a 18.47% increase in its stock price over the last five trading sessions. fool.com reported 2025-01-24 that DigitalOcean (DOCN 1.20%) has long provided cloud services to small and mid-sized businesses (SMBs). Now, it’s also bringing a suite of artificial intelligence (AI) offerings to those customers, providing them with affordable access to this revolutionary technology.
DOCN’s Market Performance
DOCN’s stock has risen by 18.47% in the past week, with a monthly rise of 17.04% and a quarterly drop of -0.32%. The volatility ratio for the week is 4.07% while the volatility levels for the last 30 days are 3.51% for DigitalOcean Holdings Inc The simple moving average for the last 20 days is 17.31% for DOCN stock, with a simple moving average of 13.72% for the last 200 days.
Analysts’ Opinion of DOCN
Cantor Fitzgerald, on the other hand, stated in their research note that they expect to see DOCN reach a price target of $39. The rating they have provided for DOCN stocks is “Neutral” according to the report published on January 17th, 2025.
Morgan Stanley gave a rating of “Overweight” to DOCN, setting the target price at $41 in the report published on January 16th of the current year.
DOCN Trading at 12.55% 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 -6.73% of loss for the given period.
Volatility was left at 3.51%, however, over the last 30 days, the volatility rate increased by 4.07%, as shares surge +16.06% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +7.56% upper at present.
During the last 5 trading sessions, DOCN rose by +17.41%, which changed the moving average for the period of 200-days by +10.49% in comparison to the 20-day moving average, which settled at $35.60. In addition, DigitalOcean Holdings Inc saw 22.64% 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 Saha Bratin, who sale 4,289 shares at the price of $36.80 back on Jan 21 ’25. After this action, Saha Bratin now owns 372,762 shares of DigitalOcean Holdings Inc, valued at $157,835 using the latest closing price.
Saha Bratin, the Officer of DigitalOcean Holdings Inc, proposed sale 4,289 shares at $36.80 during a trade that took place back on Jan 21 ’25, which means that Saha Bratin is holding shares at $157,835 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 1.15 points at debt to capital in total, while cash flow to debt ratio is standing at 0.18. The debt to equity ratio resting at -7.68. The interest coverage ratio of the stock is 7.55.
Currently, EBITDA for the company is 153.59 million with net debt to EBITDA at 5.31. When we switch over and look at the enterprise to sales, we see a ratio of 6.62. The receivables turnover for the company is 8.57for 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
In conclusion, DigitalOcean Holdings Inc (DOCN) 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.
