At the end of the latest market close, DigitalOcean Holdings Inc. (DOCN) was valued at $71.54. In that particular session, Stock kicked-off at the price of $75.62 while reaching the peak value of $78.79 and lowest value recorded on the day was $69.81. The stock current value is $67.57.Recently in News on November 16, 2021, DigitalOcean Report Uncovers Barriers SMBs Face in Cloud Adoption, Showing Need for Less Technical Solutions. While 52% of traditional SMBs believe the cloud is critical to their business success, 43% have zero full-time technical staff to manage cloud solutions. You can read further details here
Price records that include history of low and high prices in the period of 52 weeks can tell a lot about the stock’s existing status and the future performance. Presently, DigitalOcean Holdings Inc. shares are logging -49.35% during the 52-week period from high price, and 91.15% higher than the lowest price point for the same timeframe. The stock’s price range for the 52-week period managed to maintain the performance between $35.35 and $133.40.
The company’s shares, operating in the sector of Technology managed to top a trading volume set approximately around 589688 for the day, which was evidently lower, when compared to the average daily volumes of the shares.
When it comes to the year-to-date metrics, the DigitalOcean Holdings Inc. (DOCN) recorded performance in the market was -10.94%, having the revenues showcasing -21.46% on a quarterly basis in comparison with the same period year before. At the time of this writing, the total market value of the company is set at 7.82B, as it employees total of 581 workers.
DigitalOcean Holdings Inc. (DOCN) in the eye of market guru’s
According to the data provided on Barchart.com, the moving average of the company in the 100-day period was set at 85.97, with a change in the price was noted +13.42. In a similar fashion, DigitalOcean Holdings Inc. posted a movement of +24.30% for the period of last 100 days, recording 2,462,521 in trading volumes.
Total Debt to Equity Ratio (D/E) can also provide valuable insight into the company’s financial health and market status. The debt to equity ratio can be calculated by dividing the present total liabilities of a company by shareholders’ equity. Debt to Equity thus makes a valuable metrics that describes the debt, company is using in order to support assets, correlating with the value of shareholders’ equity The total Debt to Equity ratio for DOCN is recording 0.00 at the time of this writing. In addition, long term Debt to Equity ratio is set at 0.00.
DigitalOcean Holdings Inc. (DOCN): Stocks Technical analysis and Trends
Raw Stochastic average of DigitalOcean Holdings Inc. in the period of last 50 days is set at 4.98%. The result represents downgrade in oppose to Raw Stochastic average for the period of the last 20 days, recording 16.57%. In the last 20 days, the company’s Stochastic %K was 29.02% and its Stochastic %D was recorded 29.50%.
If we look into the earlier routines of DigitalOcean Holdings Inc., multiple moving trends are noted. Year-to-date Price performance of the company’s stock appears to be encouraging, given the fact the metric is recording -10.94%. The shares increased approximately by 3.13% in the 7-day charts and went up by -11.19% in the period of the last 30 days. Common stock shares were lifted by -21.46% during last recorded quarter.