The closing price of DigitalOcean Holdings Inc (NYSE: DOCN) was $37.22 for the day, down -2.49% from the previous closing price of $38.17. In other words, the price has decreased by -$0.95 from its previous closing price. On the day, 951590 shares were traded.
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 8.21 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 30.69. 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:
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 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 3.38B and an Enterprise Value of 4.62B. As of this moment, DigitalOcean’s Price-to-Earnings (P/E) ratio for their current fiscal year is 28630.77, and their Forward P/E ratio for the next fiscal year is 20.06. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 2489.63. For the stock, the TTM Price-to-Sale (P/S) ratio is 4.88. Its current Enterprise Value per Revenue stands at 6.67 whereas that against EBITDA is 30.10.
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 37.76, while the 200-Day Moving Average is calculated to be 33.58.
Shares Statistics:
DOCN traded an average of 1.06M shares per day over the past three months and 749.3k shares per day over the past ten 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 44.81% stake in the company. Shares short for DOCN as of Mar 15, 2024 were 6.33M with a Short Ratio of 5.96, compared to 6.64M on Feb 15, 2024. Therefore, it implies a Short% of Shares Outstanding of 6.97% and a Short% of Float of 9.81%.
Earnings Estimates
The firm’s stock currently is rated by 12 analysts. 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
It is expected that $90B in revenue will be generated in the current quarter, according to 11 analysts. 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.
