DigitalOcean Holdings Inc [NYSE: DOCN] jumped around 2.67 points on Wednesday, while shares priced at $35.53 at the close of the session, up 8.13%.
Compared to the average trading volume of 1.04M shares, DOCN reached a trading volume of 3929707 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 $38.87 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 2.31. 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.
Oppenheimer have made an estimate for DigitalOcean Holdings Inc shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on November 21, 2023. The new note on the price target was released on November 07, 2023, representing the official price target for DigitalOcean Holdings Inc stock. Previously, the target price had yet another drop from $30 to $22, while Piper Sandler kept a Neutral rating on DOCN stock. On September 08, 2023, analysts decreased their price target for DOCN shares from 47 to 25.
The Average True Range (ATR) for DigitalOcean Holdings Inc is set at 1.46, with the Price to Sales ratio for DOCN stock in the period of the last 12 months amounting to 4.66. Price to Free Cash Flow for DOCN in the course of the last twelve months was 29.29 with Quick ratio for the last quarter at 2.61.
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 7.60. With this latest performance, DOCN shares dropped by -4.54% in over the last four-week period, additionally plugging by 72.64% over the last 6 months – not to mention a rise of 12.01% 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 52.65, with the RSI for the last a single of trading hit 59.20, and the three-weeks RSI is set at 50.06 for DigitalOcean Holdings Inc [DOCN]. The present Moving Average for the last 50 days of trading for this stock 36.93, while it was recorded at 33.68 for the last single week of trading, and 32.91 for the last 200 days.
DigitalOcean Holdings Inc [DOCN]: Deeper insight into the fundamentals
DigitalOcean Holdings Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 2.61 and a Current Ratio set at 2.61.
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 11.50%.
Insider trade positions for DigitalOcean Holdings Inc [DOCN]
The top three institutional holders of DOCN stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.4983%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $200.69 billion in DOCN stocks shares; and BERKSHIRE HATHAWAY INC, currently with $174.35 billion in DOCN stock with ownership which is approximately 5.8386%.
