DigitalOcean Holdings Inc [DOCN] stock prices are down -2.75% to $41.72 at the moment. 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 3.29% over the last week, with a monthly amount glided 14.62%, 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.
The stock price of DigitalOcean Holdings Inc [DOCN] has been fluctuating between $19.39 and $43.88 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 $41.72 at the most recent close of the market. An investor can expect a potential return of 9.06% based on the average DOCN price forecast.
Analyzing the DOCN fundamentals
The DigitalOcean Holdings Inc [NYSE:DOCN] reported sales of 735.14M for trailing twelve months, representing a surge of 13.35%. Gross Profit Margin for this corporation currently stands at 0.6% with Operating Profit Margin at 0.11%, Pretax Profit Margin comes in at 0.12%, and Net Profit Margin reading is 0.09%. To continue investigating profitability, this company’s Return on Assets is posted at 0.04, Equity is -0.23 and Total Capital is 0.06. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at -6.13.
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 41.05 points at the first support level, and at 40.38 for the second support level. However, for the 1st resistance point, the stock is sitting at 42.69, and for the 2nd resistance point, it is at 43.65.
Ratios To Look Out For
It’s worth pointing out that DigitalOcean Holdings Inc [NYSE:DOCN]’s Current Ratio is 2.47. Also, the Quick Ratio is 2.47, while the Cash Ratio stands at 2.01. Considering the valuation of this stock, the price to sales ratio is 5.22 and price to earnings (TTM) ratio is 58.37.
Transactions by insiders
Recent insider trading involved Steinfort Matt, Chief Financial Officer, that happened on Sep 11 ’24 when 12498.0 shares were sold. Officer, Steinfort Matt completed a deal on Sep 11 ’24 to buy 12498.0 shares. Meanwhile, Director Butte Amy sold 5220.0 shares on Jun 07 ’24.
