DigitalOcean Holdings Inc (NYSE: DOCN) is -9.43% lower on its value in year-to-date trading and has touched a low of $19.39 and a high of $51.69 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 $33.41 in the last trading session, with the day’s loss setting it -0.18%.
Currently trading at $33.23, the stock is -11.21% and -12.41% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.75 million and changing -0.54% at the moment leaves the stock -1.03% off its SMA200. DOCN registered -3.93% loss for a year compared to 6-month gain of 40.51%.
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The stock witnessed a -18.09% loss in the last 1 month and extending the period to 3 months gives it a -3.18%, and is -7.49% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 3.75% over the week and 3.13% over the month.
DigitalOcean Holdings Inc (DOCN) has around 1156 employees, a market worth around $3.02B and $692.88M in sales. Current P/E ratio is 25561.54 and Fwd P/E is 17.92. Profit margin for the company is 0.12%. Distance from 52-week low is 71.38% and -35.71% from its 52-week high. The company has generated returns on investments over the last 12 months (0.07%).
The EPS is expected to grow by 2.07% this year
The shares outstanding are 90.24M, and float is at 51.91M with Short Float at 12.50%.
DigitalOcean Holdings Inc (DOCN) Insider Activity
The most recent transaction is an insider sale by Butte Amy, the company’s Director. SEC filings show that Butte Amy sold 3,760 shares of the company’s common stock on Feb 26 ’24 at a price of $36.80 per share for a total of $0.14 million. Following the sale, the insider now owns 36220.0 shares.
DigitalOcean Holdings Inc disclosed in a document filed with the SEC on Nov 22 ’23 that Spruill Yancey L. (Chief Executive Officer) sold a total of 309,700 shares of the company’s common stock. The trade occurred on Nov 22 ’23 and was made at $28.52 per share for $8.83 million. Following the transaction, the insider now directly holds 4.95 million shares of the DOCN stock.
Still, SEC filings show that on Nov 21 ’23, Spruill Yancey L. (Chief Executive Officer) disposed off 149,704 shares at an average price of $28.89 for $4.32 million. The insider now directly holds 4,699,067 shares of DigitalOcean Holdings Inc (DOCN).
