DigitalOcean Holdings Inc (NYSE: DOCN) started the day on Wednesday, with a price decrease of -2.00% at $41.08, before settling in for the price of $41.92 at the close. Taking a more long-term approach, DOCN posted a 52-week range of $19.39-$44.80.
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The Technology Sector giants’ yearly sales growth during the last 5-year period was 27.94%. Nevertheless, stock’s Earnings Per Share (EPS) this year is 5.20%. This publicly-traded company’s shares outstanding now amounts to $90.24 million, simultaneously with a float of $59.36 million. The organization now has a market capitalization sitting at $3.78 billion. At the time of writing, stock’s 50-day Moving Average stood at $39.94, while the 200-day Moving Average is $36.65.
DigitalOcean Holdings Inc (DOCN) Ownership Facts and Figures
Now let’s turn our focus to how large-scale investors are working with this stock of the Software – Infrastructure Industry. DigitalOcean Holdings Inc’s current insider ownership accounts for 35.53%, in contrast to 56.87% institutional ownership. According to the most recent insider trade that took place on Sep 11 ’24, this organization’s Chief Financial Officer sold 12,498 shares at the rate of 40.00, making the entire transaction reach 499,920 in total value, affecting insider ownership by 548,542.
DigitalOcean Holdings Inc (DOCN) Earnings and Revenue Records
DigitalOcean Holdings Inc’s EPS increase for this current 12-month fiscal period is 5.20% and is forecasted to reach 1.84 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 2.47. The Stock has managed to achieve an average true range (ATR) of 1.45. Alongside those numbers, its PE Ratio stands at $57.48, and its Beta score is 1.83. Another valuable indicator worth pondering is a publicly-traded company’s price to sales ratio for trailing twelve months, which is currently 5.14. Similarly, its price to free cash flow for trailing twelve months is now 32.06.
In the same vein, DOCN’s Diluted EPS (Earnings per Share) trailing twelve months is recorded 0.71, a figure that is expected to reach 0.40 in the next quarter, and analysts are predicting that it will be 1.84 at the market close of one year from today.
Technical Analysis of DigitalOcean Holdings Inc (DOCN)
If we take a close look at the recent performances of DigitalOcean Holdings Inc (NYSE: DOCN), its last 5-days Average volume was 0.72 million that shows plunge from its year to date volume of 1.26 million. During the previous 9 days, stock’s Stochastic %D was recorded 15.74% While, its Average True Range was 1.37.
Raw Stochastic average of DigitalOcean Holdings Inc (DOCN) in the period of the previous 100 days is set at 79.53%, which indicates a major rise in contrast to 13.49% 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 41.83% that was lower than 50.16% volatility it exhibited in the past 100-days period.
