A new trading day began on Tuesday, with DigitalOcean Holdings Inc (NYSE: DOCN) stock price up 0.81% from the previous day of trading, before settling in for the closing price of $40.89. DOCN’s price has ranged from $19.39 to $44.80 over the past 52 weeks.
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Technology Sector giant saw their annual sales surged by 27.94% over the last five years. Meanwhile, its annual earnings per share averaged 5.18%. With a float of $59.36 million, this company’s outstanding shares have now reached $90.24 million.
The firm has a total of 1156 workers. Let’s measure their productivity. In terms of profitability, gross margin is 60.21%, operating margin of 10.93%, and the pretax margin is 12.2%.
DigitalOcean Holdings Inc (DOCN) Insider Activity
As we move forward, let’s examine how large-scale investors are investing in this stock of the Software – Infrastructure Industry. The insider ownership of DigitalOcean Holdings Inc is 35.52%, while institutional ownership is 56.89%. The most recent insider transaction that took place on Sep 11 ’24, was worth 499,920. In this transaction Chief Financial Officer of this company sold 12,498 shares at a rate of $40.00, taking the stock ownership to the 548,542 shares. Before that another transaction happened on Sep 11 ’24, when Company’s Officer proposed sale 12,498 for $40.00, making the entire transaction worth $499,920.
DigitalOcean Holdings Inc (DOCN) Earnings and Forecasts
In its latest quarterly report, released on 6/30/2024, the company reported earnings of 0.44 per share, which was $0.1 higher than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.38 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 5.18% per share during the next fiscal year.
DigitalOcean Holdings Inc (NYSE: DOCN) Trading Performance Indicators
Here are DigitalOcean Holdings Inc’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 2.47. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 5.16. Likewise, its price to free cash flow for the trailing twelve months is 32.17.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 0.71, a number that is poised to hit 0.40 in the next quarter and is forecasted to reach 1.84 in one year’s time.
Technical Analysis of DigitalOcean Holdings Inc (DOCN)
Analysing the last 5-days average volume posted by the [DigitalOcean Holdings Inc, DOCN], we can find that recorded value of 0.71 million was lower than the volume posted last year of 1.25 million. As of the previous 9 days, the stock’s Stochastic %D was 13.58%. Additionally, its Average True Range was 1.35.
During the past 100 days, DigitalOcean Holdings Inc’s (DOCN) raw stochastic average was set at 80.30%, which indicates a significant increase from 18.08% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 18.02% in the past 14 days, which was lower than the 50.03% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $40.25, while its 200-day Moving Average is $36.75. Now, the first resistance to watch is $41.50. This is followed by the second major resistance level at $41.79. The third major resistance level sits at $42.29. If the price goes on to break the first support level at $40.72, it is likely to go to the next support level at $40.22. Should the price break the second support level, the third support level stands at $39.93.
DigitalOcean Holdings Inc (NYSE: DOCN) Key Stats
With a market capitalization of 3.79 billion, the company has a total of 92,062K Shares Outstanding. Currently, annual sales are 692,880 K while annual income is 19,410 K. The company’s previous quarter sales were 192,480 K while its latest quarter income was 19,140 K.
