The trading price of Datadog Inc (NASDAQ:DDOG) floating lower at last check on current market day and closing at $160.16, -0.64% lower than its previous close.
Traders who pay close attention to intraday price movement should know that it has been fluctuating between $158.4 and $161.65. The company’s P/E ratio in the trailing 12-month period was 296.48, while its 5Y monthly beta was 1.095. In examining the 52-week price action we see that the stock hit a 52-week high of $170.08 and a 52-week low of $98.80. Over the past month, the stock has gained 28.69% in value.
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Datadog Inc, whose market valuation is $54.41 billion at the time of this writing, is expected to release its quarterly earnings report in January. Investors’ optimism about the company’s current quarter earnings report is understandable. Analysts have predicted the quarterly earnings per share to grow by 0.43 per share this quarter, however they have predicted annual earnings per share of 1.77 for current year and 1.98 for next year.
Analysts have forecast the company to bring in revenue of 713.81M for the current quarter, with the likely lows of 710.5M and highs of 746.03M. From the analysts’ viewpoint, the consensus estimate for the company’s annual revenue is 2.66B.
On the technical side, indicators suggest DDOG has a 100% Buy on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 100% Buy, while an average of long term indicators suggests that the stock is currently 100% Buy.
Here is the average analyst rating on the stock as represented by 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock should be considered as either strong buy or strong sell respectively. The number of analysts that have assigned DDOG a recommendation rating is 26. Out of them, 4 rate it a Hold, while 20 recommend Buy, whereas 1 assign an Overweight rating. 0 analyst(s) have tagged Datadog Inc (DDOG) as Underweight, while 1 advise Sell. Analysts have rated the stock Buy, likely urging investors to take advantage of the opportunity to add to their holdings of the company’s shares.
If we dig deeper into the stock’s outlook, we see that the stock’s PEG is 13.48, which symbolizes a positive outlook. A quick review shows that DDOG’s price is currently 8.74% off the SMA20 and 19.64% off the SMA50. The RSI metric on the 14-day chart is currently showing 64.96, and weekly volatility stands at 3.89%. When measured over the past 30 days, the indicator reaches 3.78%. Datadog Inc (NASDAQ:DDOG)’s beta value is currently sitting at 1.12, while the Average True Range indicator is currently displaying 5.44. With analysts defining $135-$160 as the low and high price targets, we arrive at a consensus price target of $150 for the trailing 12-month period. The current price is about 15.71% off the estimated low and 0.1% off the forecast high, based on this estimate. Investors will be thrilled if DDOG’s share price rises to $150, which is the median consensus price. At that level, DDOG’s share price would be 6.34% above current price.
To see how Datadog Inc stock has been performing today in comparison to its peers in the industry, here are the numbers: DDOG stock’s performance was -0.64% at last check in today’s session, and 40.70% in the past year. Datadog Inc has a P/E ratio of 296.48.
An evaluation of the daily trading volume of Datadog Inc (NASDAQ:DDOG) indicates that the 3-month average is 4.18 million. However, this figure has increased over the past 10 days to an average of 5.53.
Currently, records show that 312.92 million of the company’s shares remain outstanding. The insiders hold 11.36% of outstanding shares, whereas institutions hold 75.69%. The stats also highlight that short interest as of 2024-11-15, stood at 11.37 million shares, resulting in a short ratio of 2.78 at that time. From this, we can conclude that short interest is 375.00 of the company’s total outstanding shares. It is noteworthy that short shares in November were up slightly from the previous month’s figure, which was 9.06 million. However, since the stock’s price has seen 31.95% year-to-date, investors’ interest is likely to be reignited due to its potential to move even higher.
