A share price of DigitalOcean Holdings Inc [DOCN] is currently trading at $39.95, up 2.73%. 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 gain 3.20% over the last week, with a monthly amount glided 13.08%, 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 experienced fluctuations in its stock price throughout the past year between $26.63 and $44.80. Currently, Wall Street analysts expect the stock to reach $34 within the next 12 months. DigitalOcean Holdings Inc [NYSE: DOCN] shares were valued at $39.95 at the most recent close of the market. An investor can expect a potential drop of -14.89% based on the average DOCN price forecast.
Analyzing the DOCN fundamentals
Trailing Twelve Months sales for DigitalOcean Holdings Inc [NYSE:DOCN] were 756.56M which represents 12.10% growth. 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 39.34 points at the first support level, and at 38.73 for the second support level. However, for the 1st resistance point, the stock is sitting at 40.66, and for the 2nd resistance point, it is at 41.38.
Ratios To Look Out For
To put it in perspective, the Current Ratio for DigitalOcean Holdings Inc [NYSE:DOCN] is 3.14. Further, the Quick Ratio stands at 3.14, while the Cash Ratio is 2.5. Considering the valuation of this stock, the price to sales ratio is 4.87 and price to earnings (TTM) ratio is 47.05.
Transactions by insiders
Recent insider trading involved Steinfort Matt, Officer, that happened on Dec 04 ’24 when 12498.0 shares were purchased. Chief Product & Tech Officer, Saha Bratin completed a deal on Nov 18 ’24 to sell 16989.0 shares. Meanwhile, Chief Product & Tech Officer Saha Bratin sold 3468.0 shares on Nov 19 ’24.
