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DigitalOcean Holdings Inc (NYSE: DOCN) closed the day trading at $38.63 down -4.36% from the previous closing price of $40.39. In other words, the price has decreased by -$4.36 from its previous closing price. On the day, 1.04 million shares were traded. DOCN stock price reached its highest trading level at $40.19 during the session, while it also had its lowest trading level at $38.39.
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 8.03 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 30.15. For the most recent quarter (mrq), Quick Ratio is recorded 2.47 and its Current Ratio is at 2.47.
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 Sep 11 ’24 when Steinfort Matt sold 12,498 shares for $40.00 per share. The transaction valued at 499,920 led to the insider holds 548,542 shares of the business.
Steinfort Matt bought 12,498 shares of DOCN for $499,920 on Sep 11 ’24. On Jun 07 ’24, another insider, Butte Amy, who serves as the Director of the company, sold 5,220 shares for $37.46 each. As a result, the insider received 195,541 and left with 36,417 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 3556366848 and an Enterprise Value of 4751825408. As of this moment, DigitalOcean’s Price-to-Earnings (P/E) ratio for their current fiscal year is 54.05, and their Forward P/E ratio for the next fiscal year is 21.04. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 4.36. For the stock, the TTM Price-to-Sale (P/S) ratio is 4.84. Its current Enterprise Value per Revenue stands at 6.464 whereas that against EBITDA is 20.917.
Stock Price History:
Over the past 52 weeks, DOCN has reached a high of $43.88, while it has fallen to a 52-week low of $19.39. The 50-Day Moving Average of the stock is 6.74%, while the 200-Day Moving Average is calculated to be 6.88%.
Shares Statistics:
Over the past 3-months, DOCN traded about 1.41M shares per day on average, while over the past 10 days, DOCN traded about 1842280 shares per day. A total of 90.24M shares are outstanding, with a floating share count of 59.35M. Insiders hold about 35.53% of the company’s shares, while institutions hold 56.92% stake in the company. Shares short for DOCN as of 1726185600 were 6347022 with a Short Ratio of 4.50, compared to 1723680000 on 7083851. Therefore, it implies a Short% of Shares Outstanding of 6347022 and a Short% of Float of 9.629999999999999.
