DigitalOcean Holdings Inc (DOCN) concluded trading on Wednesday at a closing price of $35.53, with 3.93 million shares of worth about $139.62 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 72.64% during that period and on May 01, 2024 the price saw a gain of about 8.13%. Currently the company’s common shares owned by public are about 90.24M shares, out of which, 51.87M shares are available for trading.
Stock saw a price change of 7.60% in past 5 days and over the past one month there was a price change of -4.54%. Year-to-date (YTD), DOCN shares are showing a performance of -3.16% which increased to 12.01% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $19.39 but also hit the highest price of $51.69 during that period. The average intraday trading volume for DigitalOcean Holdings Inc shares is 1.04 million. The stock is currently trading 2.96% above its 20-day simple moving average (SMA20), while that difference is down -3.86% for SMA50 and it goes to 7.73% higher than SMA200.
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DigitalOcean Holdings Inc (NYSE: DOCN) currently have 90.24M outstanding shares and institutions hold larger chunk of about 44.76% of that.
The stock has a current market capitalization of $3.23B and its 3Y-monthly beta is at 1.83. PE ratio of stock for trailing 12 months is 27330.77, while it has posted earnings per share of $0.00 in the same period. Its PEG reads 2376.59 and has Quick Ratio of 2.61. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for DOCN, volatility over the week remained 3.58% while standing at 3.35% over the month.
Analysts are in expectations that DigitalOcean Holdings Inc (DOCN) stock would likely to be making an EPS of $0.38 in the current quarter, while forecast for next quarter EPS is $0.39 and it is $1.85 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.37 which is $0.39 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $0.28 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 2.86% while it is estimated to increase by 13.39% in next year.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Oppenheimer on November 21, 2023 offering an Outperform rating for the stock and assigned a target price of $37 to it. Coverage by Goldman stated DigitalOcean Holdings Inc (DOCN) stock as a Buy in their note to investors on November 07, 2023, suggesting a price target of $33 for the stock. On October 23, 2023, Piper Sandler Upgrade their recommendations, while on September 08, 2023, BofA Securities Downgrade their ratings for the stock with a price target of $25. Stock get an Equal-weight rating from Morgan Stanley on August 11, 2023.
