DigitalOcean Holdings Inc (NYSE: DOCN) is -15.92% lower on its value in year-to-date trading and has touched a low of $19.39 and a high of $49.50 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 $33.13 in the last trading session, with the day’s loss setting it -2.28%.
Currently trading at $30.85, the stock is -6.59% and -11.36% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.25 million and changing -6.88% at the moment leaves the stock -8.87% off its SMA200. DOCN registered -36.26% loss for a year compared to 6-month gain of -8.51%.
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The stock witnessed a -12.28% loss in the last 1 month and extending the period to 3 months gives it a -13.17%, and is -4.43% 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 4.64% over the week and 4.48% over the month.
DigitalOcean Holdings Inc (DOCN) has around 1156 employees, a market worth around $2.81B and $712.48M in sales. Current P/E ratio is 59.60 and Fwd P/E is 16.69. Profit margin for the company is 7.01%. Distance from 52-week low is 59.10% and -37.68% from its 52-week high. The company has generated returns on investments over the last 12 months (3.87%).
The EPS is expected to grow by 3.39% this year
The shares outstanding are 90.24M, and float is at 57.01M with Short Float at 13.04%.
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 5,220 shares of the company’s common stock on Jun 07 ’24 at a price of $37.46 per share for a total of $0.2 million. Following the sale, the insider now owns 36417.0 shares.
DigitalOcean Holdings Inc disclosed in a document filed with the SEC on Feb 26 ’24 that Butte Amy (Director) sold a total of 3,760 shares of the company’s common stock. The trade occurred on Feb 26 ’24 and was made at $36.80 per share for $0.14 million. Following the transaction, the insider now directly holds 36220.0 shares of the DOCN stock.
Still, SEC filings show that on Nov 22 ’23, Spruill Yancey L. (Chief Executive Officer) disposed off 309,700 shares at an average price of $28.52 for $8.83 million. The insider now directly holds 4,954,067 shares of DigitalOcean Holdings Inc (DOCN).
