Currently, there are 92.23M common shares owned by the public and among those 61.93M shares have been available to trade.
The company’s stock has a 5-day price change of -10.09% and -30.79% over the past three months. DOCN shares are trading -17.08% year to date (YTD), with the 12-month market performance down to -20.06% lower. It has a 12-month low price of $25.45 and touched a high of $47.02 over the same period. DOCN has an average intraday trading volume of 1.43 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -3.11%, -16.51%, and -24.03% respectively.
Institutional ownership of DigitalOcean Holdings Inc (NYSE: DOCN) shares accounts for 61.91% of the company’s 92.23M shares outstanding.
It has a market capitalization of $2.57B and a beta (3y monthly) value of 1.88. The stock’s trailing 12-month PE ratio is 32.49, while the earnings-per-share (ttm) stands at $0.87. The company has a PEG of 3.33 and a Quick Ratio of 2.45. Price movements for the stock have been influenced by the stock’s volatility, which stands at 5.20% over the week and 7.22% over the month.
Earnings per share for the fiscal year are expected to increase by 1.33%, and 6.52% over the next financial year.
Looking at the support for the DOCN, a number of firms have released research notes about the stock. Citigroup stated their Buy rating for the stock in a research note on January 24, 2025, with the firm’s price target at $45. Cantor Fitzgerald coverage for the DigitalOcean Holdings Inc (DOCN) stock in a research note released on January 17, 2025 offered a Neutral rating with a price target of $39. Morgan Stanley was of a view on January 16, 2025 that the stock is Overweight, while UBS gave the stock Neutral rating on May 22, 2024, issuing a price target of $40. Oppenheimer on their part issued Outperform rating on November 21, 2023.
