DigitalOcean Holdings Inc [DOCN] stock is trading at $32.28, up 4.23%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The DOCN shares have lost -3.30% over the last week, with a monthly amount glided 0.06%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
DigitalOcean Holdings Inc [NYSE: DOCN] stock has seen the most recent analyst activity on May 22, 2024, when UBS initiated its Neutral rating and assigned the stock a price target of $40. Previously, Oppenheimer upgraded its rating to Outperform on November 21, 2023, and kept the price target unchanged to $37. On November 07, 2023, upgrade upgraded it’s rating to Buy but maintained its price target of $33 on the stock. Piper Sandler upgraded its rating to a Neutral and decreased its price target to $22 on October 23, 2023. BofA Securities downgraded its rating to a Underperform and reduced its price target to $25 on September 08, 2023. Morgan Stanley upgraded its rating to Equal-Weight for this stock on August 11, 2023, and downed its price target to $103. In a note dated June 22, 2023, Piper Sandler downgraded an Underweight rating on this stock but restated the target price of $35.
DigitalOcean Holdings Inc [DOCN] stock has fluctuated between $19.39 and $49.60 over the past year. Currently, Wall Street analysts expect the stock to reach $45.5 within the next 12 months. DigitalOcean Holdings Inc [NYSE: DOCN] shares were valued at $32.28 at the most recent close of the market. An investor can expect a potential return of 40.95% based on the average DOCN price forecast.
Analyzing the DOCN fundamentals
DigitalOcean Holdings Inc [NYSE:DOCN] reported sales of 712.48M for the trailing twelve months, which represents a growth of 11.87%. Gross Profit Margin for this corporation currently stands at 0.6% with Operating Profit Margin at 0.08%, Pretax Profit Margin comes in at 0.1%, and Net Profit Margin reading is 0.07%. To continue investigating profitability, this company’s Return on Assets is posted at 0.04, Equity is -0.17 and Total Capital is 0.04. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of-5.46.
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 31.02 points at the first support level, and at 29.76 for the second support level. However, for the 1st resistance point, the stock is sitting at 33.32, and for the 2nd resistance point, it is at 34.36.
Ratios To Look Out For
For context, DigitalOcean Holdings Inc’s Current Ratio is 2.73. Further, the Quick Ratio stands at 2.73, while the Cash Ratio is 2.22. Considering the valuation of this stock, the price to sales ratio is 4.13 and price to earnings (TTM) ratio is 62.36.
Transactions by insiders
Recent insider trading involved Butte Amy, Director, that happened on Jun 07 ’24 when 5220.0 shares were sold. Director, Butte Amy completed a deal on Feb 26 ’24 to sell 3760.0 shares. Meanwhile, Chief Executive Officer Spruill Yancey L. sold 0.31 million shares on Nov 22 ’23.
