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The closing price of DigitalOcean Holdings Inc (NYSE: DOCN) was $37.35 for the day, down -0.08% from the previous closing price of $37.38. In other words, the price has decreased by -$0.08 from its previous closing price. On the day, 0.95 million shares were traded. DOCN stock price reached its highest trading level at $37.55 during the session, while it also had its lowest trading level at $36.795.
Ratios:
Our analysis of DOCN’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 7.76 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 29.15. For the most recent quarter (mrq), Quick Ratio is recorded 2.47 and its Current Ratio is at 2.47.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, UBS on May 22, 2024, initiated with a Neutral rating and assigned the stock a target price of $40.
On November 21, 2023, Oppenheimer Upgraded its rating to Outperform which previously was Perform but kept the price unchanged to $37.
Goldman Upgraded its Sell to Buy on November 07, 2023, while the target price for the stock was maintained at $33.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Jun 07 ’24 when Butte Amy sold 5,220 shares for $37.46 per share. The transaction valued at 195,541 led to the insider holds 36,417 shares of the business.
Butte Amy sold 3,760 shares of DOCN for $138,368 on Feb 26 ’24. The Director now owns 36,220 shares after completing the transaction at $36.80 per share. On Nov 20 ’23, another insider, Spruill Yancey L., who serves as the Chief Executive Officer of the company, sold 451,885 shares for $28.76 each. As a result, the insider received 12,996,213 and left with 4,566,771 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, DOCN now has a Market Capitalization of 3438526976 and an Enterprise Value of 4633985536. As of this moment, DigitalOcean’s Price-to-Earnings (P/E) ratio for their current fiscal year is 52.26, and their Forward P/E ratio for the next fiscal year is 20.35. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 4.21. For the stock, the TTM Price-to-Sale (P/S) ratio is 4.68. Its current Enterprise Value per Revenue stands at 6.304 whereas that against EBITDA is 19.828.
Stock Price History:
Over the past 52 weeks, DOCN has reached a high of $41.58, while it has fallen to a 52-week low of $19.39. The 50-Day Moving Average of the stock is 11.22%, while the 200-Day Moving Average is calculated to be 7.87%.
Shares Statistics:
DOCN traded an average of 1.30M shares per day over the past three months and 1982940 shares per day over the past ten days. A total of 90.24M shares are outstanding, with a floating share count of 58.91M. Insiders hold about 36.01% of the company’s shares, while institutions hold 58.41% stake in the company. Shares short for DOCN as of 1722384000 were 7058415 with a Short Ratio of 5.44, compared to 1719532800 on 7800355. Therefore, it implies a Short% of Shares Outstanding of 7058415 and a Short% of Float of 10.7700005.
Earnings Estimates
The current market rating for DigitalOcean Holdings Inc (DOCN) reflects the collective analysis of 13.0 analysts closely monitoring its performance.The consensus estimate for the next quarter is $0.38, with high estimates of $0.41 and low estimates of $0.33.
Analysts are recommending an EPS of between $1.74 and $1.63 for the fiscal current year, implying an average EPS of $1.67. EPS for the following year is $1.83, with 13.0 analysts recommending between $1.96 and $1.65.
Revenue Estimates
It is expected that $90B in revenue will be generated in the current quarter, according to 12 analysts. It ranges from a high estimate of $197.27M to a low estimate of $196.42M. As of the current estimate, DigitalOcean Holdings Inc’s year-ago sales were $177.06MFor the next quarter, 12 analysts are estimating revenue of $200.08M. There is a high estimate of $201.92M for the next quarter, whereas the lowest estimate is $198.78M.
A total of 13 analysts have provided revenue estimates for DOCN’s current fiscal year. The highest revenue estimate was $775.92M, while the lowest revenue estimate was $772.52M, resulting in an average revenue estimate of $773.9M. In the same quarter a year ago, actual revenue was $692.88MBased on 13 analysts’ estimates, the company’s revenue will be $875.11M in the next fiscal year. The high estimate is $898M and the low estimate is $854.9M.
