Home  »  Companies   »  Thinking Of Selling Datadog Inc. (NASDAQ: DDOG) St...

Thinking Of Selling Datadog Inc. (NASDAQ: DDOG) Stock? Check This Out First

Datadog Inc. (NASDAQ:DDOG) shares, rose in value on Thursday, 06/23/22, with the stock price up by 10.44% to the previous day’s close as strong demand from buyers drove the stock to $100.60.

Actively observing the price movement in the last trading, the stock closed the session at $91.09, falling within a range of $91.30 and $102.21. The value of beta (5-year monthly) was 1.07 whereas the PE ratio was 20120.00 over 12-month period. Referring to stock’s 52-week performance, its high was $199.68, and the low was $81.12. On the whole, DDOG has fluctuated by 7.10% over the past month.

3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.

We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.

Click here for full details and to join for free.

Sponsored

With the market capitalization of Datadog Inc. currently standing at about $30.34 billion, investors are eagerly awaiting this quarter’s results, scheduled for Feb 09, 2022 – Feb 14, 2022. As a result, investors might want to see an improvement in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be $0.14, which is expected to increase to $0.17 for fiscal year $0.68 and then to about $0.99 by fiscal year 2023. Data indicates that the EPS growth is expected to be 41.70% in 2023, while the next year’s EPS growth is forecast to be 45.60%.

Analysts have estimated the company’s revenue for the quarter at $377.29 million, with a low estimate of $356.5 million and a high estimate of $397 million. According to the average forecast, sales growth in current quarter could jump up 61.50%, compared to the corresponding quarter of last year. Wall Street analysts also predicted that in 2023, the company’s y-o-y revenues would reach $1.61 billion, representing an increase of 56.40% from the revenues reported in the last year’s results.

Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were 4 upward and no downward review(s) in last seven days. We see that DDOG’s technical picture suggests that short-term indicators denote the stock is a 50% Sell on average. However, medium term indicators have put the stock in the category of 100% Sell while long term indicators on average have been pointing out that it is a 100% Sell.

The stock’s technical analysis shows that the PEG ratio is about 397.63, with the price of DDOG currently trading nearly 5.86% and -5.88% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 52.31, while the 7-day volatility ratio is showing 8.35% which for the 30-day chart, stands at 8.73%. Furthermore, Datadog Inc. (DDOG)’s average true range (ATR) is 8.71.

Data on historical trading for Datadog Inc. (NASDAQ:DDOG) indicates that the trading volumes over the past 10 days have averaged 5.78 million and over the past 3 months, they’ve averaged 5.28 million. According to company’s latest data on outstanding shares, there are 313.46 million shares outstanding.

Nearly 0.90% of Datadog Inc.’s shares belong to company insiders and institutional investors own 79.70% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 10.55 million shares as on Apr 28, 2022, resulting in a short ratio of 2.83. According to the data, the short interest in Datadog Inc. (DDOG) stood at 3.35% of shares outstanding as of Apr 28, 2022; the number of short shares registered in Mar 30, 2022 reached 9.84 million. The stock has fallen by -43.52% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the DDOG stock heading into the next quarter.

Leave a Comment

Your email address will not be published.

Related Videos

Related Posts

[class^="wpforms-"]
[class^="wpforms-"]
[class^="wpforms-"]
[class^="wpforms-"]
[class^="wpforms-"]
[class^="wpforms-"]
[class^="wpforms-"]
[class^="wpforms-"]