DigitalOcean Holdings Inc. [DOCN] Is Currently 11.60 below its 200 Period Moving Avg: What Does This Mean?

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DigitalOcean Holdings Inc. [NYSE: DOCN] jumped around 4.23 points on Thursday, while shares priced at $40.68 at the close of the session, up 11.60%. The company report on May 9, 2022 that DigitalOcean to Host Investor Day on June 9, 2022.


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DigitalOcean Holdings, Inc. (NYSE: DOCN), the cloud for developers, startups and SMBs, today announced that it will host an investor day on Thursday, June 9, 2022, beginning at 1 p.m. EDT. At the event, the company will update the investment community on the company’s strategy, product roadmap and long-term financial objectives.

A live webcast of the event will be accessible from DigitalOcean’s Investor Relations website at http://investors.digitalocean.com. An archive of the webcast will be available following the event.

DigitalOcean Holdings Inc. stock is now -49.36% down from its year-to-date (YTD) trading value. DOCN Stock saw the intraday high of $42.09 and lowest of $36.995 per share. The company’s 52-week high price is 133.40, which means current price is +35.37% above from all time high which was touched on 01/03/22.

Compared to the average trading volume of 2.39M shares, DOCN reached a trading volume of 4023475 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus say about DigitalOcean Holdings Inc. [DOCN]?

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for DOCN shares is $58.60 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on DOCN stock is a recommendation set at 1.80. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Goldman have made an estimate for DigitalOcean Holdings Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on May 12, 2022. While these analysts kept the previous recommendation, Piper Sandler raised their target price to Overweight. The new note on the price target was released on April 04, 2022, representing the official price target for DigitalOcean Holdings Inc. stock. On August 06, 2021, analysts increased their price target for DOCN shares from 50 to 60.

The Average True Range (ATR) for DigitalOcean Holdings Inc. is set at 4.27, with the Price to Sales ratio for DOCN stock in the period of the last 12 months amounting to 8.32. The Price to Book ratio for the last quarter was 7.60, with the Price to Cash per share for the same quarter was set at 18.13.

How has DOCN stock performed recently?

DigitalOcean Holdings Inc. [DOCN] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 20.78. With this latest performance, DOCN shares dropped by -14.56% in over the last four-week period, additionally sinking by -68.47% over the last 6 months – not to mention a drop of -4.78% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for DOCN stock in for the last two-week period is set at 49.06, with the RSI for the last a single of trading hit 55.10, and the three-weeks RSI is set at 46.39 for DigitalOcean Holdings Inc. [DOCN]. The present Moving Average for the last 50 days of trading for this stock 48.08, while it was recorded at 37.78 for the last single week of trading, and 68.93 for the last 200 days.

DigitalOcean Holdings Inc. [DOCN]: Deeper insight into the fundamentals

Operating Margin for any stock indicates how profitable investing would be, and DigitalOcean Holdings Inc. [DOCN] shares currently have an operating margin of -3.24 and a Gross Margin at +60.19. DigitalOcean Holdings Inc.’s Net Margin is presently recorded at -4.55.

Return on Equity for this stock declined to -7.71, with Return on Assets sitting at -1.54.

DigitalOcean Holdings Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 30.40 and a Current Ratio set at 30.40.

Earnings analysis for DigitalOcean Holdings Inc. [DOCN]

The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for DOCN. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for DigitalOcean Holdings Inc. go to 58.70%.

Insider trade positions for DigitalOcean Holdings Inc. [DOCN]

There are presently around $2,292 million, or 58.00% of DOCN stock, in the hands of institutional investors. The top three institutional holders of DOCN stocks are: IA VENTURE PARTNERS, LLC with ownership of 7,404,482, which is approximately New of the company’s market cap and around 4.20% of the total institutional ownership; IA VENTURE STRATEGIES FUND II, LP, holding 7,404,482 shares of the stock with an approximate value of $269.89 million in DOCN stocks shares; and VANGUARD GROUP INC, currently with $165.16 million in DOCN stock with ownership of nearly 0.031% of the company’s market capitalization.

Positions in DigitalOcean Holdings Inc. stocks held by institutional investors increased at the end of May and at the time of the May reporting period, where 205 institutional holders increased their position in DigitalOcean Holdings Inc. [NYSE:DOCN] by around 18,238,725 shares. Additionally, 120 investors decreased positions by around 13,982,232 shares, while 33 investors held positions by with 30,659,847 shares. The mentioned changes placed institutional holdings at 62,880,804 shares, according to the latest SEC report filing. DOCN stock had 76 new institutional investments in for a total of 9,464,988 shares, while 62 institutional investors sold positions of 6,968,709 shares during the same period.

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