Those aiming for above-average market returns often engage in the meticulous process of stock picking. Choosing the right stocks can make a substantial difference in your wealth.
DigitalOcean Holdings Inc (NYSE: DOCN) closed the day trading at $34.07 down -0.29% from the previous closing price of $34.17. In other words, the price has decreased by -$0.29 from its previous closing price. On the day, 0.53 million shares were traded. DOCN stock price reached its highest trading level at $34.76 during the session, while it also had its lowest trading level at $33.99.
Ratios:
For a better understanding of DOCN, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 7.13 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 31.71. For the most recent quarter (mrq), Quick Ratio is recorded 3.14 and its Current Ratio is at 3.14.
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:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Dec 18 ’24 when Saha Bratin sold 3,468 shares for $38.18 per share. The transaction valued at 132,408 led to the insider holds 379,795 shares of the business.
Saha Bratin bought 3,468 shares of DOCN for $132,408 on Dec 18 ’24. On Dec 04 ’24, another insider, Steinfort Matt, who serves as the Chief Financial Officer of the company, sold 12,498 shares for $40.00 each. As a result, the insider received 499,920 and left with 517,498 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 3144058112 and an Enterprise Value of 4329324544. As of this moment, DigitalOcean’s Price-to-Earnings (P/E) ratio for their current fiscal year is 40.12, and their Forward P/E ratio for the next fiscal year is 18.46. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 2.89. For the stock, the TTM Price-to-Sale (P/S) ratio is 4.14. Its current Enterprise Value per Revenue stands at 5.722 whereas that against EBITDA is 18.908.
Stock Price History:
Over the past 52 weeks, DOCN has reached a high of $44.80, while it has fallen to a 52-week low of $26.63. The 50-Day Moving Average of the stock is -11.15%, while the 200-Day Moving Average is calculated to be -7.77%.
Shares Statistics:
Over the past 3-months, DOCN traded about 898.80K shares per day on average, while over the past 10 days, DOCN traded about 786400 shares per day. A total of 92.40M shares are outstanding, with a floating share count of 62.18M. Insiders hold about 32.62% of the company’s shares, while institutions hold 59.55% stake in the company. Shares short for DOCN as of 1734048000 were 5950269 with a Short Ratio of 6.62, compared to 1731628800 on 6498759. Therefore, it implies a Short% of Shares Outstanding of 5950269 and a Short% of Float of 9.0.
