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The closing price of DigitalOcean Holdings Inc (NYSE: DOCN) was $37.53 for the day, down -1.29% from the previous closing price of $38.02. In other words, the price has decreased by -$1.29 from its previous closing price. On the day, 0.56 million shares were traded. DOCN stock price reached its highest trading level at $38.25 during the session, while it also had its lowest trading level at $36.88.
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 7.87 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 35.03. 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:
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 Nov 18 ’24 when Saha Bratin sold 16,989 shares for $36.85 per share. The transaction valued at 626,045 led to the insider holds 390,296 shares of the business.
Saha Bratin sold 3,468 shares of DOCN for $124,779 on Nov 19 ’24. The Chief Product & Tech Officer now owns 386,828 shares after completing the transaction at $35.98 per share. On Nov 19 ’24, another insider, Saha Bratin, who serves as the Officer of the company, bought 3,468 shares for $35.98 each.
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 3508570880 and an Enterprise Value of 4648621056. As of this moment, DigitalOcean’s Price-to-Earnings (P/E) ratio for their current fiscal year is 44.20, and their Forward P/E ratio for the next fiscal year is 20.33. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 3.18. For the stock, the TTM Price-to-Sale (P/S) ratio is 4.58. Its current Enterprise Value per Revenue stands at 6.144 whereas that against EBITDA is 20.302.
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 -7.52%, while the 200-Day Moving Average is calculated to be 1.28%.
Shares Statistics:
DOCN traded an average of 1.18M shares per day over the past three months and 1114380 shares per day over the past ten days. A total of 90.24M shares are outstanding, with a floating share count of 61.58M. Insiders hold about 33.27% of the company’s shares, while institutions hold 59.48% stake in the company. Shares short for DOCN as of 1730332800 were 5491713 with a Short Ratio of 4.66, compared to 1727654400 on 6278244. Therefore, it implies a Short% of Shares Outstanding of 5491713 and a Short% of Float of 8.3100006.
