As of close of business last night, DigitalOcean Holdings Inc’s stock clocked out at $36.19, down -3.52% from its previous closing price of $37.51. In other words, the price has decreased by -$1.32 from its previous closing price. On the day, 1940534 shares were traded.
Ratios:
To gain a deeper understanding of DOCN’s stock, we examine its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 7.98 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 29.84. For the most recent quarter (mrq), Quick Ratio is recorded 2.61 and its Current Ratio is at 2.61.
On November 07, 2023, Goldman Upgraded its rating to Buy which previously was Sell but kept the price unchanged to $33.
Piper Sandler Upgraded its Underweight to Neutral on October 23, 2023, whereas the target price for the stock was revised from $30 to $22.
Insider Transactions:
Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on Nov 22 when Spruill Yancey L. sold 309,700 shares for $28.52 per share. The transaction valued at 8,832,644 led to the insider holds 4,954,067 shares of the business.
Spruill Yancey L. sold 149,704 shares of DOCN for $4,324,949 on Nov 21. The Chief Executive Officer now owns 4,699,067 shares after completing the transaction at $28.89 per share. On Nov 20, 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 3.29B and an Enterprise Value of 4.53B. As of this moment, DigitalOcean’s Price-to-Earnings (P/E) ratio for their current fiscal year is 27838.46, and their Forward P/E ratio for the next fiscal year is 19.50. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 2420.74. For the stock, the TTM Price-to-Sale (P/S) ratio is 4.74. Its current Enterprise Value per Revenue stands at 6.54 whereas that against EBITDA is 29.49.
Stock Price History:
Over the past 52 weeks, DOCN has reached a high of $51.69, while it has fallen to a 52-week low of $19.39. The 50-Day Moving Average of the stock is 36.05, while the 200-Day Moving Average is calculated to be 33.69.
Shares Statistics:
It appears that DOCN traded 1.05M shares on average per day over the past three months and 1.81M shares per day over the past ten days. A total of 90.24M shares are outstanding, with a floating share count of 49.80M. Insiders hold about 45.15% of the company’s shares, while institutions hold 44.74% stake in the company. Shares short for DOCN as of Jan 31, 2024 were 7.42M with a Short Ratio of 7.10, compared to 7.36M on Dec 29, 2023. Therefore, it implies a Short% of Shares Outstanding of 8.63% and a Short% of Float of 12.43%.
Earnings Estimates
As of right now, 12 analysts gave their recommendation on the stock of the company. On average, analysts expect EPS of $0.38 for the current quarter, with a high estimate of $0.39 and a low estimate of $0.37, while EPS last year was $0.28. The consensus estimate for the next quarter is $0.39, with high estimates of $0.41 and low estimates of $0.38.
Analysts are recommending an EPS of between $1.68 and $1.52 for the fiscal current year, implying an average EPS of $1.63. EPS for the following year is $1.86, with 12 analysts recommending between $2.04 and $1.73.
Revenue Estimates
In the current quarter, 11 analysts expect revenue to total $182.58M. It ranges from a high estimate of $183.3M to a low estimate of $182M. As of the current estimate, DigitalOcean Holdings Inc’s year-ago sales were $165.13M, an estimated increase of 10.60% from the year-ago figure. For the next quarter, 11 analysts are estimating revenue of $187.18M, an increase of 10.10% less than the figure of $10.60% in the same quarter last year. There is a high estimate of $190.5M for the next quarter, whereas the lowest estimate is $183.6M.
A total of 12 analysts have provided revenue estimates for DOCN’s current fiscal year. The highest revenue estimate was $775.75M, while the lowest revenue estimate was $761.7M, resulting in an average revenue estimate of $766.74M. In the same quarter a year ago, actual revenue was $692.88M, up 10.70% from the average estimate. Based on 12 analysts’ estimates, the company’s revenue will be $867.43M in the next fiscal year. The high estimate is $897.88M and the low estimate is $839M. The average revenue growth estimate for next year is up 13.10% from the average revenue estimate for this year.
