DigitalOcean Holdings Inc (NYSE: DOCN) kicked off on Friday, down -3.91% from the previous trading day, before settling in for the closing price of $38.35. Over the past 52 weeks, DOCN has traded in a range of $26.10-$44.80.
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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%. While this was happening, its average annual earnings per share was recorded 9.89%. With a float of $61.58 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. In terms of profitability, gross margin is 60.18%, operating margin of 9.18%, and the pretax margin is 10.87%.
DigitalOcean Holdings Inc (DOCN) Insider Activity
Our next focus will be how large-scale investors are participating in this stock of the Software – Infrastructure Industry. The insider ownership of DigitalOcean Holdings Inc is 35.52%, while institutional ownership is 59.76%. 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
According to the Wall Street analysts, stocks earnings will be around 9.89% per share during the next fiscal year.
DigitalOcean Holdings Inc (NYSE: DOCN) Trading Performance Indicators
Take a look at DigitalOcean Holdings Inc’s (DOCN) current performance indicators. Last quarter, stock had a quick ratio of 3.14. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 4.32. Likewise, its price to free cash flow for the trailing twelve months is 33.05.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 0.85, a number that is poised to hit 0.34 in the next quarter and is forecasted to reach 1.85 in one year’s time.
Technical Analysis of DigitalOcean Holdings Inc (DOCN)
Compared to the last year’s volume of 1.26 million, its volume of 1.02 million showed lagged in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 52.59%. Additionally, its Average True Range was 1.70.
During the past 100 days, DigitalOcean Holdings Inc’s (DOCN) raw stochastic average was set at 56.25%, which indicates a significant increase from 32.75% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 75.63% in the past 14 days, which was higher than the 54.93% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $40.67, while its 200-day Moving Average is $37.02. Nevertheless, the first resistance level for the watch stands at $38.05 in the near term. At $39.26, the stock is likely to face the second major resistance level. The third major resistance level sits at $40.17. If the price goes on to break the first support level at $35.93, it is likely to go to the next support level at $35.02. Should the price break the second support level, the third support level stands at $33.81.
DigitalOcean Holdings Inc (NYSE: DOCN) Key Stats
The company with the Market Capitalisation of 3.27 billion has total of 92,282K Shares Outstanding. Its annual sales at the moment are 692,880 K in contrast with the sum of 19,410 K annual income. Company’s last quarter sales were recorded 198,480 K and last quarter income was 32,950 K.
