DigitalOcean Holdings Inc (NYSE: DOCN) kicked off on Monday, up 3.10% from the previous trading day, before settling in for the closing price of $38.08. Over the past 52 weeks, DOCN has traded in a range of $26.63-$44.80.
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A company in the Technology sector has jumped its sales by 27.94% annually for the last half of the decade. While this was happening, its average annual earnings per share was recorded 9.89%. With a float of $61.61 million, this company’s outstanding shares have now reached $92.40 million.
In an organization with 1156 employees, it is important to assess its efficiency. 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 Updates
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 33.24%, while institutional ownership is 59.48%. The most recent insider transaction that took place on Nov 18 ’24, was worth 626,045. In this transaction Chief Product & Tech Officer of this company sold 16,989 shares at a rate of $36.85, taking the stock ownership to the 390,296 shares. Before that another transaction happened on Nov 19 ’24, when Company’s Chief Product & Tech Officer sold 3,468 for $35.98, making the entire transaction worth $124,779. This insider now owns 386,828 shares in total.
DigitalOcean Holdings Inc (DOCN) Performance Highlights and Predictions
In the latest quarterly report, which was put into the public domain on 9/30/2024, the organization reported 0.44 earnings per share (EPS), higher than consensus estimate (set at 0.37) by 0.07. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.42 per share during the current fiscal year.
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 4.79. Likewise, its price to free cash flow for the trailing twelve months is 36.65.
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)
Let’s dig in a bit further. During the last 5-days, its volume was 0.74 million. That was inferior than the volume of 1.24 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 50.22%. Additionally, its Average True Range was 1.57.
During the past 100 days, DigitalOcean Holdings Inc’s (DOCN) raw stochastic average was set at 69.51%, which indicates a significant increase from 66.11% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 37.97% in the past 14 days, which was lower than the 53.77% 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 $37.07. However, in the short run, DigitalOcean Holdings Inc’s stock first resistance to watch stands at $40.34. Second resistance stands at $41.42. The third major resistance level sits at $42.49. If the price goes on to break the first support level at $38.19, it is likely to go to the next support level at $37.12. Assuming the price breaks the second support level, the third support level stands at $36.04.
DigitalOcean Holdings Inc (NYSE: DOCN) Key Stats
The company with the Market Capitalisation of 3.62 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.
