DigitalOcean Holdings Inc (NYSE: DOCN) on Tuesday, soared 0.31% from the previous trading day, before settling in for the closing price of $38.75. Within the past 52 weeks, DOCN’s price has moved between $19.39 and $51.69.
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Over the past five-year period, the growth rate of yearbook sales for the company of the Technology sector was 27.94%. The company achieved an average annual earnings per share of 2.10%. With a float of $51.91 million, this company’s outstanding shares have now reached $90.24 million.
Considering the fact that the conglomerate employs 1156 people, you should pay attention to its efficiency factor.
DigitalOcean Holdings Inc (DOCN) Insider Activity
Observing investor behavior towards Software – Infrastructure industry stocks is more important than anything else. The insider ownership of DigitalOcean Holdings Inc is 42.83%, while institutional ownership is 44.77%. The most recent insider transaction that took place on Feb 26 ’24, was worth 138,368. In this transaction Director of this company sold 3,760 shares at a rate of $36.80, taking the stock ownership to the 36,220 shares. Before that another transaction happened on Nov 22 ’23, when Company’s Chief Executive Officer sold 309,700 for $28.52, making the entire transaction worth $8,832,644. This insider now owns 4,954,067 shares in total.
DigitalOcean Holdings Inc (DOCN) Earnings and Forecasts
As on 12/30/2023, Multinational firm has announced its last quarter scores, in which it reported $0.44 earnings per share (EPS) for the period topping the consensus outlook (set at $0.37) by $0.07. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.39 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 2.10% per share during the next fiscal year.
DigitalOcean Holdings Inc (NYSE: DOCN) Trading Performance Indicators
DigitalOcean Holdings Inc (DOCN) is currently performing well based on its current performance indicators. A quick ratio of 2.61 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 5.09. Likewise, its price to free cash flow for the trailing twelve months is 32.05.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 0.00, a number that is poised to hit 0.38 in the next quarter and is forecasted to reach 1.86 in one year’s time.
Technical Analysis of DigitalOcean Holdings Inc (DOCN)
Compared to the last year’s volume of 1.08 million, its volume of 0.76 million showed lagged in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 20.43%. Additionally, its Average True Range was 1.61.
During the past 100 days, DigitalOcean Holdings Inc’s (DOCN) raw stochastic average was set at 87.79%, which indicates a significant increase from 16.38% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 31.53% in the past 14 days, which was lower than the 54.70% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $37.29, while its 200-day Moving Average is $33.95. Nevertheless, the first resistance level for the watch stands at $39.39 in the near term. At $39.90, the stock is likely to face the second major resistance level. The third major resistance level sits at $40.33. If the price goes on to break the first support level at $38.45, it is likely to go to the next support level at $38.02. Should the price break the second support level, the third support level stands at $37.51.
DigitalOcean Holdings Inc (NYSE: DOCN) Key Stats
Market capitalization of the company is 3.53 billion based on 90,797K outstanding shares. Right now, sales total 692,880 K and income totals 19,410 K. The company made 180,870 K in profit during its latest quarter, and 34,510 K in sales during its previous quarter.
