At the time of writing, DigitalOcean Holdings Inc [DOCN] stock is trading at $38.87, up 3.57%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The DOCN shares have gain 1.36% over the last week, with a monthly amount drifted -5.38%, and not 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
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.
For the past year, the stock price of DigitalOcean Holdings Inc fluctuated between $26.63 and $44.80. 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 $38.87 at the most recent close of the market. An investor can expect a potential return of 17.06% based on the average DOCN price forecast.
Analyzing the DOCN fundamentals
According to DigitalOcean Holdings Inc [NYSE:DOCN], the company’s sales were 756.56M for trailing twelve months, which represents an 12.10% jump. Gross Profit Margin for this corporation currently stands at 0.6% with Operating Profit Margin at 0.09%, Pretax Profit Margin comes in at 0.11%, and Net Profit Margin reading is 0.11%. To continue investigating profitability, this company’s Return on Assets is posted at 0.05, Equity is -0.31 and Total Capital is 0.05. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at -7.33.
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 37.83 points at the first support level, and at 36.79 for the second support level. However, for the 1st resistance point, the stock is sitting at 39.69, and for the 2nd resistance point, it is at 40.51.
Ratios To Look Out For
It is important to note that DigitalOcean Holdings Inc [NYSE:DOCN] has a current ratio of 3.14. In addition, the Quick Ratio stands at 3.14 and the Cash Ratio stands at 2.5. Considering the valuation of this stock, the price to sales ratio is 4.74 and price to earnings (TTM) ratio is 45.78.
Transactions by insiders
Recent insider trading involved Saha Bratin, Chief Product & Tech Officer, that happened on Nov 18 ’24 when 16989.0 shares were sold. Chief Product & Tech Officer, Saha Bratin completed a deal on Nov 19 ’24 to sell 3468.0 shares. Meanwhile, Officer Saha Bratin bought 3468.0 shares on Nov 19 ’24.
