The price of DigitalOcean Holdings Inc (NYSE: DOCN) closed at $40.59 in the last session, up 0.40% from day before closing price of $40.43. In other words, the price has increased by $+0.16 from its previous closing price. On the day, 790395 shares were traded. DOCN stock price reached its highest trading level at $41.58 during the session, while it also had its lowest trading level at $40.16.
Ratios:
We take a closer look at DOCN’s different ratios to gain a better understanding of the stock. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 8.95 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 33.47. 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:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Feb 26 ’24 when Butte Amy sold 3,760 shares for $36.80 per share. The transaction valued at 138,368 led to the insider holds 36,220 shares of the business.
Spruill Yancey L. sold 309,700 shares of DOCN for $8,832,644 on Nov 22 ’23. The Chief Executive Officer now owns 4,954,067 shares after completing the transaction at $28.52 per share. On Nov 21 ’23, another insider, Spruill Yancey L., who serves as the Chief Executive Officer of the company, sold 149,704 shares for $28.89 each. As a result, the insider received 4,324,949 and left with 4,699,067 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 3.69B and an Enterprise Value of 4.93B. As of this moment, DigitalOcean’s Price-to-Earnings (P/E) ratio for their current fiscal year is 31223.08, and their Forward P/E ratio for the next fiscal year is 21.87. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 2715.05. For the stock, the TTM Price-to-Sale (P/S) ratio is 5.32. Its current Enterprise Value per Revenue stands at 7.11 whereas that against EBITDA is 32.09.
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 36.67, while the 200-Day Moving Average is calculated to be 34.01.
Shares Statistics:
According to the various share statistics, DOCN traded on average about 1.10M shares per day over the past 3-months and 1.04M shares per day over the past 10 days. A total of 90.24M shares are outstanding, with a floating share count of 51.91M. Insiders hold about 42.83% of the company’s shares, while institutions hold 44.77% stake in the company. Shares short for DOCN as of Feb 29, 2024 were 6.13M with a Short Ratio of 5.55, compared to 7.42M on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 6.75% and a Short% of Float of 9.50%.
Earnings Estimates
The company has 12 analysts who recommend its stock at the moment. 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
According to 11 analysts, the current quarter’s revenue is expected to be $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.
