Witnessing the stock’s movement on the chart, on Wednesday, DigitalOcean Holdings Inc (NYSE: DOCN) had a quiet start as it plunged -0.54% to $33.23, before settling in for the price of $33.41 at the close. Taking a more long-term approach, DOCN posted a 52-week range of $19.39-$51.69.
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In the past 5-years timespan, the Technology sector firm’s annual sales growth was 27.94%. Nevertheless, stock’s Earnings Per Share (EPS) this year is 2.07%. This publicly-traded company’s shares outstanding now amounts to $90.24 million, simultaneously with a float of $51.91 million. The organization now has a market capitalization sitting at $3.02 billion. At the time of writing, stock’s 50-day Moving Average stood at $37.92, while the 200-day Moving Average is $33.54.
DigitalOcean Holdings Inc (DOCN) Ownership Facts and Figures
Nothing is more important than checking the behaviour of major investors towards the stock of the Software – Infrastructure industry. DigitalOcean Holdings Inc’s current insider ownership accounts for 42.83%, in contrast to 44.82% institutional ownership. According to the most recent insider trade that took place on Feb 26 ’24, this organization’s Director sold 3,760 shares at the rate of 36.80, making the entire transaction reach 138,368 in total value, affecting insider ownership by 36,220. Preceding that transaction, on Nov 22 ’23, Company’s Chief Executive Officer sold 309,700 for 28.52, making the whole transaction’s value amount to 8,832,644. This particular insider is now the holder of 4,954,067 in total.
DigitalOcean Holdings Inc (DOCN) Earnings and Revenue Records
DigitalOcean Holdings Inc’s EPS increase for this current 12-month fiscal period is 2.07% and is forecasted to reach 1.85 in the upcoming year.
DigitalOcean Holdings Inc (NYSE: DOCN) Trading Performance Indicators
Let’s observe the current performance indicators for DigitalOcean Holdings Inc (DOCN). It’s Quick Ratio in the last reported quarter now stands at 2.61. The Stock has managed to achieve an average true range (ATR) of 1.41. Alongside those numbers, its PE Ratio stands at $25561.54, and its Beta score is 1.82. Another valuable indicator worth pondering is a publicly-traded company’s price to sales ratio for trailing twelve months, which is currently 4.35. Similarly, its price to free cash flow for trailing twelve months is now 27.40.
In the same vein, DOCN’s Diluted EPS (Earnings per Share) trailing twelve months is recorded 0.00, a figure that is expected to reach 0.38 in the next quarter, and analysts are predicting that it will be 1.85 at the market close of one year from today.
Technical Analysis of DigitalOcean Holdings Inc (DOCN)
Going through the that latest performance of [DigitalOcean Holdings Inc, DOCN]. Its last 5-days volume of 0.72 million was inferior to the volume of 1.01 million it revealed a year ago. During the previous 9 days, stock’s Stochastic %D was recorded 8.20% While, its Average True Range was 1.35.
Raw Stochastic average of DigitalOcean Holdings Inc (DOCN) in the period of the previous 100 days is set at 37.27%, which indicates a major rise in contrast to 4.04% during the last 2-weeks. If we go through the volatility metrics of the stock, In the past 14-days, Company’s historic volatility was 25.74% that was lower than 44.68% volatility it exhibited in the past 100-days period.
