DigitalOcean Holdings Inc [NYSE: DOCN] surged by $1.1 during the normal trading session on while it closed the day at $41.86.
DigitalOcean Holdings Inc stock has also loss -0.88% of its value over the past 7 days. However, DOCN stock has inclined by 23.59% in the 3 months of the year. Over the past six months meanwhile, it has gained 7.11% and gained 14.09% year-on date.
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The market cap for DOCN stock reached $3.85 billion, with 90.24 million shares outstanding and 59.35 million shares in the current float. Compared to the average trading volume of 1.37M shares, DOCN reached a trading volume of 4186024 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to 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 $37.64 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 2.29. 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.
UBS have made an estimate for DigitalOcean Holdings Inc shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on May 22, 2024. The new note on the price target was released on November 21, 2023, representing the official price target for DigitalOcean Holdings Inc stock. Previously, the target price had yet another raise to $33, while Goldman analysts kept a Buy rating on DOCN stock. On October 23, 2023, analysts decreased their price target for DOCN shares from 30 to 22.
The Average True Range (ATR) for DigitalOcean Holdings Inc is set at 1.72, with the Price to Sales ratio for DOCN stock in the period of the last 12 months amounting to 5.24. Price to Free Cash Flow for DOCN in the course of the last twelve months was 32.67 with Quick ratio for the last quarter at 2.47.
DOCN stock trade performance evaluation
DigitalOcean Holdings Inc [DOCN] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -0.88. With this latest performance, DOCN shares gained by 12.17% in over the last four-week period, additionally plugging by 7.11% over the last 6 months – not to mention a rise of 80.90% 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 62.94, with the RSI for the last a single of trading hit 63.18, and the three-weeks RSI is set at 61.66 for DigitalOcean Holdings Inc [DOCN]. The present Moving Average for the last 50 days of trading for this stock 35.89, while it was recorded at 41.61 for the last single week of trading, and 36.05 for the last 200 days.
DigitalOcean Holdings Inc [DOCN]: An insightful look at the core fundamentals
DigitalOcean Holdings Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 2.47 and a Current Ratio set at 2.47.
Earnings per share (EPS) analysis for DigitalOcean Holdings Inc [DOCN] stock
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 12.40%.
DigitalOcean Holdings Inc [DOCN]: Institutional Ownership
There are presently around $61.17%, or 90.51%% of DOCN stock, in the hands of institutional investors. The top three institutional holders of DOCN stocks are: BLACKROCK INC. with ownership of 9.41 million shares, which is approximately 10.362%. VANGUARD GROUP INC, holding 7.92 million shares of the stock with an approximate value of $$275.17 million in DOCN stocks shares; and VANGUARD GROUP INC, currently with $$76.57 million in DOCN stock with ownership which is approximately 2.4269%.
