At the time of writing, DigitalOcean Holdings Inc [DOCN] stock is trading at $40.43, up 0.75%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The DOCN shares have gain 7.87% over the last week, with a monthly amount glided 2.56%, and seem to be holding up well over a long-time horizon.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
On 21, February 2024, DigitalOcean Announces Fourth Quarter and Fiscal Year 2023 Financial Results. In a post published today on Yahoo Finance, 2023 Revenue Increased 20% to $693 million.
From an analyst’s perspective:
DigitalOcean Holdings Inc [NYSE: DOCN] stock has seen the most recent analyst activity on November 21, 2023, when Oppenheimer upgraded its rating to a Outperform but kept the price target unchanged to $37 for it. Previously, Goldman upgraded its rating to Buy on November 07, 2023, and kept the price target unchanged to $33. On October 23, 2023, upgrade upgraded it’s rating to Neutral and revised its price target to $22 on the stock. BofA Securities downgraded its rating to a Underperform and decreased its price target to $25 on September 08, 2023. Morgan Stanley upgraded its rating to a Equal-Weight and reduced its price target to $103 on August 11, 2023. Piper Sandler downgraded its rating to Underweight for this stock on June 22, 2023, but kept the price target unchanged to $35. In a note dated April 25, 2023, Needham downgraded an Hold rating on this stock.
For the past year, the stock price of DigitalOcean Holdings Inc fluctuated between $19.39 and $51.69. Currently, Wall Street analysts expect the stock to reach $53.33 within the next 12 months. DigitalOcean Holdings Inc [NYSE: DOCN] shares were valued at $40.43 at the most recent close of the market. An investor can expect a potential return of 31.91% based on the average DOCN price forecast.
Analyzing the DOCN fundamentals
According to DigitalOcean Holdings Inc [NYSE:DOCN], the company’s sales were 692.88M for trailing twelve months, which represents an 10.97% jump. Gross Profit Margin for this corporation currently stands at 0.59% with Operating Profit Margin at 0.06%, Pretax Profit Margin comes in at 0.04%, and Net Profit Margin reading is 0.01%. To continue investigating profitability, this company’s Return on Assets is posted at 0.0, Equity is -0.01 and Total Capital is 0.03. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of-5.28.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 39.72 points at the first support level, and at 39.02 for the second support level. However, for the 1st resistance point, the stock is sitting at 41.13, and for the 2nd resistance point, it is at 41.84.
DigitalOcean Holdings Inc [DOCN] reported earnings per share of $0.44 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.37/share, meaning a difference of $0.07 and a surprise factor of 18.90%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $0.44 per share as compared to estimates of $0.36 per share, a difference of $0.08 representing a surprise of 22.20%.
Ratios To Look Out For
It is important to note that DigitalOcean Holdings Inc [NYSE:DOCN] has a current ratio of 2.61. Also, the Quick Ratio is 2.61, while the Cash Ratio stands at 1.65. Considering the valuation of this stock, the price to sales ratio is 5.30 and price to earnings (TTM) ratio is 31100.00.
Transactions by insiders
Recent insider trading involved Butte Amy, Director, that happened on Feb 26 ’24 when 3760.0 shares were sold. Chief Executive Officer, Spruill Yancey L. completed a deal on Nov 22 ’23 to sell 0.31 million shares. Meanwhile, Chief Executive Officer Spruill Yancey L. sold 0.15 million shares on Nov 21 ’23.
