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The closing price of DigitalOcean Holdings Inc (NYSE: DOCN) was $33.23 for the day, down -0.54% from the previous closing price of $33.41. In other words, the price has decreased by -$0.54 from its previous closing price. On the day, 0.75 million shares were traded. DOCN stock price reached its highest trading level at $34.2 during the session, while it also had its lowest trading level at $33.08.
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 7.33 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 27.40. 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 3017174528 and an Enterprise Value of 4265427200. As of this moment, DigitalOcean’s Price-to-Earnings (P/E) ratio for their current fiscal year is 25561.54, and their Forward P/E ratio for the next fiscal year is 17.92. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 2222.74. For the stock, the TTM Price-to-Sale (P/S) ratio is 4.35. Its current Enterprise Value per Revenue stands at 6.156 whereas that against EBITDA is 24.218.
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 -12.41%, while the 200-Day Moving Average is calculated to be -1.03%.
Shares Statistics:
DOCN traded an average of 1.05M shares per day over the past three months and 741750 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 44.82% stake in the company. Shares short for DOCN as of 1711584000 were 6486273 with a Short Ratio of 6.18, compared to 1709164800 on 6125235. Therefore, it implies a Short% of Shares Outstanding of 6486273 and a Short% of Float of 10.0600004.
Earnings Estimates
Current recommendations for the stock of the company come from DocuSign, Inc. analysts. The consensus estimate for the next quarter is $33.23, with high estimates of $18.07 and low estimates of $25.19.
Analysts are recommending an EPS of between $Real Estate and $Healthcare for the fiscal current year, implying an average EPS of $Technology.
