Datadog Inc (NASDAQ:DDOG) shares, rose in value on Thursday, December 12, with the stock price up by 0.16% to the previous day’s close as strong demand from buyers drove the stock to $156.73.
Actively observing the price movement in the last trading, the stock closed the session at $156.48, falling within a range of $154.185 and $157.62. The value of beta (5-year monthly) was 1.095 whereas the PE ratio was 290.13 over 12-month period. Referring to stock’s 52-week performance, its high was $170.08, and the low was $98.80. On the whole, DDOG has fluctuated by 27.00% over the past month.
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With the market capitalization of Datadog Inc currently standing at about $53.24 billion, investors are eagerly awaiting this quarter’s results, scheduled for in January.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 2.66B, with a low estimate of 710.5M and a high estimate of 746.03M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 713.72M.
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 100% Buy on average. However, medium-term indicators have put the stock in the category of 100% Buy while long-term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the PEG ratio is about 13.19, with the price of DDOG currently trading nearly 4.42% and 15.73% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 60.24, while the 7-day volatility ratio is showing 4.04% which for the 30-day chart, stands at 3.80%. Furthermore, Datadog Inc (DDOG)’s beta value is 1.12, and its average true range (ATR) is 5.73.
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 0.16% in last session, and over the past year, it grew by 36.69%%.
Data on historical trading for Datadog Inc (NASDAQ:DDOG) indicates that the trading volumes over the past 10 days have averaged 5.99 and over the past 3 months, they’ve averaged 4.33 million. According to company’s latest data on outstanding shares, there are 312.92 million shares outstanding.
Nearly 11.33% of Datadog Inc’s shares belong to company insiders and institutional investors own 75.70% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 16.02 million shares as on 2024-11-29, resulting in a short ratio of 2.87. According to the data, the short interest in Datadog Inc (DDOG) stood at 528.00 of shares outstanding as of 2024-11-29; the number of short shares registered in 2024-10-31 reached 9.8 million. The stock has risen by 29.12% 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.
