DigitalOcean Holdings Inc (NYSE:DOCN) price on Thursday, May 30, remained unchanged to $36.50.
A look at the stock’s price movement, the level at last check in today’s session was $36.50. The PE ratio in trailing twelve months stood at 70.52. Turning to its 52-week performance, $51.69 and $19.39 were the 52-week high and 52-week low respectively. Overall, DOCN moved 11.08% over the past month.
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DigitalOcean Holdings Inc’s market cap currently stands at around $3.32 billion.
Turning to the stock’s technical picture we see that short term indicators suggest on average that DOCN is a 50% Buy. On the other hand, the stock is on average a 50% Buy as suggested by medium term indicators while long term indicators are putting the stock in 100% Buy category.
The technical evaluation for the stock shows the PEG ratio is 5.69, with DOCN’s current price about 0.30% and 1.06% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 50.67, while 7-day volatility ratio is 3.83% and 4.31% in the 30-day chart. Further, DigitalOcean Holdings Inc (DOCN) has a beta value of 1.84, and an average true range (ATR) of 1.49.
If we refocus on DigitalOcean Holdings Inc (NYSE:DOCN), historical trading data shows that trading volumes averaged 1.34 million over the past 3 months. The company’s latest data on shares outstanding shows there are 90.24 million shares.
The 37.02% of DigitalOcean Holdings Inc’s shares are in the hands of company insiders while institutional holders own 49.33% of the company’s shares. Current price change has pushed the stock -0.52% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the DOCN stock continues to rise going into the next quarter.
