DigitalOcean Holdings Inc. (NYSE: DOCN) is -5.74% lower on its value in year-to-date trading and has touched a low of $36.65 and a high of $45.16 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The DOCN stock was last observed hovering at around $41.63 in the last trading session, with the day’s loss setting it -1.57%.
Currently trading at $40.06, the stock is -4.54% and -4.54% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.52 million and changing -3.77% at the moment leaves the stock -4.54% off its SMA200. The firm has a 50-day simple moving average (SMA 50) of $41.96 and a 200-day simple moving average (SMA200) of $41.96.
DigitalOcean Holdings Inc. (DOCN) has around 581 employees, a market worth around $4.23B and $318.40M in sales. Profit margin for the company is -13.70%. Distance from 52-week low is 9.30% and -11.29% from its 52-week high. The company has generated returns on investments over the last 12 months (-9.00%).
DigitalOcean Holdings Inc. (DOCN) Analyst Forecasts
The EPS is expected to shrink by -7.90% this year.