DigitalOcean Holdings Inc (DOCN) concluded trading on Thursday at a closing price of $29.10, with 3.56 million shares of worth about $103.49 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -18.07% during that period and on August 08, 2024 the price saw a gain of about 5.05%. Currently the company’s common shares owned by public are about 90.24M shares, out of which, 57.01M shares are available for trading.
Stock saw a price change of -5.67% in past 5 days and over the past one month there was a price change of -7.21%. Year-to-date (YTD), DOCN shares are showing a performance of -20.69% which decreased to -19.32% 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 $41.58 during that period. The average intraday trading volume for DigitalOcean Holdings Inc shares is 1.30 million. The stock is currently trading -8.32% below its 20-day simple moving average (SMA20), while that difference is down -14.19% for SMA50 and it goes to -14.36% lower than SMA200.
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DigitalOcean Holdings Inc (NYSE: DOCN) currently have 90.24M outstanding shares and institutions hold larger chunk of about 51.24% of that.
The stock has a current market capitalization of $2.65B and its 3Y-monthly beta is at 1.85. PE ratio of stock for trailing 12 months is 56.22, while it has posted earnings per share of $0.52 in the same period. Its PEG reads 4.53 and has Quick Ratio of 2.73. 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 5.64% while standing at 4.86% over the month.
Stock’s fiscal year EPS is expected to rise by 3.42% while it is estimated to increase by 12.45% 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 UBS on May 22, 2024 offering a Neutral rating for the stock and assigned a target price of $40 to it. Coverage by Oppenheimer stated DigitalOcean Holdings Inc (DOCN) stock as an Outperform in their note to investors on November 21, 2023, suggesting a price target of $37 for the stock. On November 07, 2023, Goldman Upgrade their recommendations, while on October 23, 2023, Piper Sandler Upgrade their ratings for the stock with a price target of $22. Stock get an Underperform rating from BofA Securities on September 08, 2023.
