Investigating a stock’s 52-week price history, covering the range of low and high prices, can provide significant information about its present state and future potential. DigitalOcean Holdings Inc’s current trading price is -20.58% away from its 52-week high, while its distance from the 52-week low is 33.61%. The stock’s price range during this period has varied between $26.63 and $44.80. The company, active in the Technology sector, saw a trading volume of around 0.23 million for the day, considerably lower average daily volume of 0.98 million observed over the last three months.
The stock market performance of DigitalOcean Holdings Inc has been fairly unsteady. Over the last year, the company’s stock hit its highest at $44.80 on 10/18/24, while the lowest price during the same time frame was $26.63, recorded on 08/05/24.
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How Financial Performance Impacts Market Capitalization
DigitalOcean Holdings Inc (DOCN) has experienced a quarterly decline of -13.40% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 3.26B and boasts a workforce of 1156 employees.
The Role of Moving Averages and Trading Volume in Technical Analysis
Based on Barchart.com data, the company’s moving average over the 100-day period was 38.63, with a change in price of +6.89. Similarly, DigitalOcean Holdings Inc recorded 1,171,697 in trading volume during the last 100 days, posting a change of +24.02%.
DOCN Stock Stochastic Average
As of today, the raw stochastic average of DigitalOcean Holdings Inc over the past 50 days is 10.14%. This is a decrease compared to the raw stochastic average of the last 20 days, which was recorded at 15.24%. Additionally, the Stochastic %K and %D values for the company were 16.31% and 14.16%, respectively, over the past 20 days.
DOCN Stock Price Performance Analysis
A mixed performance in the stock price over the year has left investors unsure of what to expect, resulting in a range of outlooks from optimistic to pessimistic. The index has shown a price loss of -3.79% this year. Over the last six months, there has been a weaker performance of 6.04%. The price of DOCN leaped by -10.86% during the last 30 days period. For the last 5-days stocks have slided -6.51%.
