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The price of DigitalOcean Holdings Inc (NYSE: DOCN) closed at $37.32 in the last session, down -0.35% from day before closing price of $37.45. In other words, the price has decreased by -$0.35 from its previous closing price. On the day, 0.7 million shares were traded. DOCN stock price reached its highest trading level at $37.55 during the session, while it also had its lowest trading level at $36.65.
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 7.75 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 29.13. 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:
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 Jun 07 ’24 when Butte Amy sold 5,220 shares for $37.46 per share. The transaction valued at 195,541 led to the insider holds 36,417 shares of the business.
Butte Amy sold 3,760 shares of DOCN for $138,368 on Feb 26 ’24. The Director now owns 36,220 shares after completing the transaction at $36.80 per share. On Nov 20 ’23, 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 3435765248 and an Enterprise Value of 4643191808. As of this moment, DigitalOcean’s Price-to-Earnings (P/E) ratio for their current fiscal year is 52.22, 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 4.21. For the stock, the TTM Price-to-Sale (P/S) ratio is 4.67. Its current Enterprise Value per Revenue stands at 6.316 whereas that against EBITDA is 20.439.
Stock Price History:
Over the past 52 weeks, DOCN has reached a high of $41.58, while it has fallen to a 52-week low of $19.39. The 50-Day Moving Average of the stock is 11.13%, while the 200-Day Moving Average is calculated to be 6.96%.
Shares Statistics:
According to the various share statistics, DOCN traded on average about 1.32M shares per day over the past 3-months and 1091410 shares per day over the past 10 days. A total of 90.24M shares are outstanding, with a floating share count of 58.96M. Insiders hold about 35.95% of the company’s shares, while institutions hold 58.33% stake in the company. Shares short for DOCN as of 1722384000 were 7058415 with a Short Ratio of 5.38, compared to 1719532800 on 7800355. Therefore, it implies a Short% of Shares Outstanding of 7058415 and a Short% of Float of 10.7700005.
