In the latest session, DigitalOcean Holdings Inc. (NYSE: DOCN) closed at $24.05 down -1.11% from its previous closing price of $24.32. In other words, the price has decreased by -$0.27 from its previous closing price. On the day, 956847 shares were traded. DOCN stock price reached its highest trading level at $24.30 during the session, while it also had its lowest trading level at $23.77.
For a deeper understanding of DigitalOcean Holdings Inc.’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 4.02 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 21.16. For the most recent quarter (mrq), Quick Ratio is recorded 3.80 and its Current Ratio is at 3.80.
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 the company, BofA Securities on September 08, 2023, Downgraded its rating to Underperform and sets its target price to $25 from $47 previously.
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Sep 07 when JENSON WARREN bought 4,000 shares for $25.74 per share. The transaction valued at 102,960 led to the insider holds 15,632 shares of the business.
Guy Jeffrey Scott sold 20,584 shares of DOCN for $518,923 on Sep 07. The Chief Operating Officer now owns 108,040 shares after completing the transaction at $25.21 per share. On Aug 21, another insider, Guy Jeffrey Scott, who serves as the Chief Operating Officer of the company, sold 10,000 shares for $32.41 each. As a result, the insider received 324,100 and left with 134,262 shares of the company.
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 2.14B and an Enterprise Value of 3.25B. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.40. Its current Enterprise Value per Revenue stands at 4.99 whereas that against EBITDA is 34.56.
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 $23.38. The 50-Day Moving Average of the stock is 36.92, while the 200-Day Moving Average is calculated to be 34.30.
For the past three months, DOCN has traded an average of 1.92M shares per day and 2.01M over the past ten days. A total of 89.01M shares are outstanding, with a floating share count of 61.24M. Insiders hold about 4.60% of the company’s shares, while institutions hold 54.60% stake in the company. Shares short for DOCN as of Aug 30, 2023 were 10.31M with a Short Ratio of 10.31M, compared to 13.38M on Jul 30, 2023. Therefore, it implies a Short% of Shares Outstanding of 11.60% and a Short% of Float of 16.48%.
There are 14 different market analysts currently analyzing its stock. On average, analysts expect EPS of $0.39 for the current quarter, with a high estimate of $0.47 and a low estimate of $0.35, while EPS last year was $0.38. The consensus estimate for the next quarter is $0.4, with high estimates of $0.5 and low estimates of $0.35.
Analysts are recommending an EPS of between $1.79 and $1.4 for the fiscal current year, implying an average EPS of $1.52. EPS for the following year is $1.71, with 14 analysts recommending between $2.25 and $1.41.
A total of 12 analysts believe the company’s revenue will be $173.31M this quarter.It ranges from a high estimate of $174.9M to a low estimate of $172.75M. As of the current estimate, DigitalOcean Holdings Inc.’s year-ago sales were $152.12M, an estimated increase of 13.90% from the year-ago figure. For the next quarter, 12 analysts are estimating revenue of $175.04M, an increase of 7.40% less than the figure of $13.90% in the same quarter last year. There is a high estimate of $180.9M for the next quarter, whereas the lowest estimate is $171.99M.
A total of 14 analysts have provided revenue estimates for DOCN’s current fiscal year. The highest revenue estimate was $690.8M, while the lowest revenue estimate was $679.69M, resulting in an average revenue estimate of $683.25M. In the same quarter a year ago, actual revenue was $576.32M, up 18.60% from the average estimate. Based on 14 analysts’ estimates, the company’s revenue will be $766.67M in the next fiscal year. The high estimate is $795.41M and the low estimate is $734.2M. The average revenue growth estimate for next year is up 12.20% from the average revenue estimate for this year.