Datadog Inc (NASDAQ:DDOG) shares, rose in value on Friday, November 01, with the stock price down by -1.01% to the previous day’s close as strong demand from buyers drove the stock to $124.17.
Actively observing the price movement in the recent trading, the stock is buoying the session at $125.44, falling within a range of $120.78 and $124.57. The value of beta (5-year monthly) is 1.103 whereas the PE ratio is 269.93 over 12-month period. Referring to stock’s 52-week performance, its high was $138.61, and the low was $77.81. On the whole, DDOG has fluctuated by 5.65% over the past month.
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With the market capitalization of Datadog Inc currently standing at about $41.86 billion, investors are eagerly awaiting this quarter’s results, scheduled for on 2024-Nov-07.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 2.63B, with a low estimate of 661.9M and a high estimate of 687.16M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 664.32M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that DDOG’s technical picture suggests that short-term indicators denote the stock is a 50% Buy on average. However, medium-term indicators have put the stock in the category of 50% Sell while long-term indicators on average have been pointing out that it is a 50% Buy.
The stock’s technical analysis shows that the PEG ratio is about 14.19, with the price of DDOG currently trading nearly -1.56% and 4.70% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 51.46, while the 7-day volatility ratio is showing 2.38% which for the 30-day chart, stands at 2.58%. Furthermore, Datadog Inc (DDOG)’s beta value is 1.09, and its average true range (ATR) is 3.49.
A comparison of Datadog Inc (DDOG) with its peers suggests the former has fared considerably weaker in the market. DDOG showed an intraday change of -1.01% in today’s session so far, and over the past year, it grew by 55.02%%.
Data on historical trading for Datadog Inc (NASDAQ:DDOG) indicates that the trading volumes over the past 10 days have averaged 2.84 and over the past 3 months, they’ve averaged 3.14 million. According to company’s latest data on outstanding shares, there are 305.40 million shares outstanding.
Nearly 12.87% of Datadog Inc’s shares belong to company insiders and institutional investors own 72.23% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 9.06 million shares as on 2024-10-15, resulting in a short ratio of 3.03. According to the data, the short interest in Datadog Inc (DDOG) stood at 301.00 of shares outstanding as of 2024-10-15; the number of short shares registered in 2024-09-13 reached 8.09 million. The stock has risen by 2.30% 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.
