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As of close of business last night, DigitalOcean Holdings Inc’s stock clocked out at $39.71, up 5.16% from its previous closing price of $37.76. In other words, the price has increased by $5.16 from its previous closing price. On the day, 2.15 million shares were traded. DOCN stock price reached its highest trading level at $40.42 during the session, while it also had its lowest trading level at $37.48.
Ratios:
To gain a deeper understanding of DOCN’s stock, we examine its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 8.25 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 30.99. 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:
Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on Sep 11 ’24 when Steinfort Matt bought 12,498 shares for $40.00 per share.
Butte Amy sold 5,220 shares of DOCN for $195,541 on Jun 07 ’24. The Director now owns 36,417 shares after completing the transaction at $37.46 per share. On Feb 26 ’24, another insider, Butte Amy, who serves as the Director of the company, sold 3,760 shares for $36.80 each. As a result, the insider received 138,368 and left with 36,220 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 3655793920 and an Enterprise Value of 4851252736. As of this moment, DigitalOcean’s Price-to-Earnings (P/E) ratio for their current fiscal year is 55.56, and their Forward P/E ratio for the next fiscal year is 21.63. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 4.48. For the stock, the TTM Price-to-Sale (P/S) ratio is 4.97. Its current Enterprise Value per Revenue stands at 6.599 whereas that against EBITDA is 21.355.
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 16.23%, while the 200-Day Moving Average is calculated to be 12.19%.
Shares Statistics:
It appears that DOCN traded 1.31M shares on average per day over the past three months and 1173860 shares per day over the past ten days. A total of 90.24M shares are outstanding, with a floating share count of 58.99M. Insiders hold about 35.92% of the company’s shares, while institutions hold 58.37% stake in the company. Shares short for DOCN as of 1723680000 were 7083851 with a Short Ratio of 5.39, compared to 1721001600 on 7432244. Therefore, it implies a Short% of Shares Outstanding of 7083851 and a Short% of Float of 10.75.
