Digitalocean Holdings Stock Price on May 24, 2022
| DOCN Stock | USD 32.71 0.26 0.80% |
If you're considering investing in DigitalOcean Stock, it is important to understand the factors that can impact its price. As of today, the current price of DigitalOcean Holdings stands at 32.71, as last reported on the 25th of April, with the highest price reaching 33.00 and the lowest price hitting 31.81 during the day. We consider DigitalOcean Holdings very steady. DigitalOcean Holdings secures Sharpe Ratio (or Efficiency) of 0.015, which denotes the company had a 0.015% return per unit of risk over the last 3 months. We have found twenty-three technical indicators for DigitalOcean Holdings, which you can use to evaluate the volatility of the firm. Please confirm DigitalOcean Holdings' Variance of 8.82, standard deviation of 2.97, and Mean Deviation of 2.26 to check if the risk estimate we provide is consistent with the expected return of 0.0449%.
At this time, DigitalOcean Holdings' Common Stock Shares Outstanding is very stable compared to the past year. As of the 25th of April 2024, Other Stockholder Equity is likely to grow to about 32.1 M, while Common Stock is likely to drop 1,650. . At this time, DigitalOcean Holdings' Price Earnings Ratio is very stable compared to the past year. As of the 25th of April 2024, Price To Free Cash Flows Ratio is likely to grow to 31.53, while Price To Sales Ratio is likely to drop 4.53. DigitalOcean Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
DigitalOcean |
Sharpe Ratio = 0.015
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| Negative Returns | DOCN |
Estimated Market Risk
| 2.99 actual daily | 26 74% of assets are more volatile |
Expected Return
| 0.04 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.02 actual daily | 1 99% of assets perform better |
Based on monthly moving average DigitalOcean Holdings is performing at about 1% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of DigitalOcean Holdings by adding it to a well-diversified portfolio.
Price Book 67.9206 | Enterprise Value Ebitda 28.854 | Price Sales 4.6009 | Shares Float 60.6 M | Wall Street Target Price 39.22 |
DigitalOcean Holdings Valuation on May 24, 2022
It is possible to determine the worth of DigitalOcean Holdings on a given historical date. On May 24, 2022 DigitalOcean was worth 41.49 at the beginning of the trading date compared to the closed value of 43.26. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of DigitalOcean Holdings stock. Still, in general, we apply an absolute valuation method to find DigitalOcean Holdings' value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of DigitalOcean Holdings where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against DigitalOcean Holdings' related companies.
| Open | High | Low | Close | Volume | |
| 42.00 | 43.19 | 40.65 | 41.80 | 2,365,500 | |
05/24/2022 | 41.49 | 44.25 | 39.65 | 43.26 | 3,622,800 |
| 42.97 | 46.27 | 42.80 | 45.72 | 2,722,000 |
| Backtest DigitalOcean Holdings | | | DigitalOcean Holdings History | | | DigitalOcean Holdings Valuation | Previous | Next |
DigitalOcean Holdings Trading Date Momentum on May 24, 2022
| On May 25 2022 DigitalOcean Holdings was traded for 45.72 at the closing time. The top price for the day was 46.27 and the lowest listed price was 42.80 . The trading volume for the day was 2.7 M. The trading history from May 25, 2022 was a factor to the next trading day price boost. The overall trading delta against the next closing price was 5.69% . The overall trading delta against the current closing price is 11.60% . |
DigitalOcean Holdings Fundamentals Correlations and Trends
By evaluating DigitalOcean Holdings' financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among DigitalOcean Holdings' main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. DigitalOcean financial account trend analysis is a perfect complement when working with valuation or volatility modules.About DigitalOcean Holdings Stock history
DigitalOcean Holdings investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for DigitalOcean is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in DigitalOcean Holdings will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing DigitalOcean Holdings stock prices may prove useful in developing a viable investing in DigitalOcean Holdings
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 90.1 M | 109.2 M | |
| Net Loss | -27.9 M | -29.3 M |
DigitalOcean Holdings Quarterly Net Working Capital |
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DigitalOcean Holdings Stock Technical Analysis
DigitalOcean Holdings technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Price Boundaries
DigitalOcean Holdings Period Price Range
Low | May 24, 2022
| High |
41.49 | 43.26 |
DigitalOcean Holdings April 25, 2024 Market Strength
Market strength indicators help investors to evaluate how DigitalOcean Holdings stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading DigitalOcean Holdings shares will generate the highest return on investment. By undertsting and applying DigitalOcean Holdings stock market strength indicators, traders can identify DigitalOcean Holdings entry and exit signals to maximize returns
| Accumulation Distribution | 376607.0 | |||
| Daily Balance Of Power | 0.3848 | |||
| Rate Of Daily Change | 1.04 | |||
| Day Median Price | 41.95 | |||
| Day Typical Price | 42.39 | |||
| Price Action Indicator | 2.19 | |||
| Period Momentum Indicator | (10.55) |
DigitalOcean Holdings Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for DigitalOcean Holdings' price direction in advance. Along with the technical and fundamental analysis of DigitalOcean Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of DigitalOcean to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | (0) | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.42) | |||
| Treynor Ratio | 0.3789 |
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Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in DigitalOcean Holdings. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in main economic indicators. To learn how to invest in DigitalOcean Stock, please use our How to Invest in DigitalOcean Holdings guide.Note that the DigitalOcean Holdings information on this page should be used as a complementary analysis to other DigitalOcean Holdings' statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Portfolio Backtesting module to avoid under-diversification and over-optimization by backtesting your portfolios.
Complementary Tools for DigitalOcean Stock analysis
When running DigitalOcean Holdings' price analysis, check to measure DigitalOcean Holdings' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy DigitalOcean Holdings is operating at the current time. Most of DigitalOcean Holdings' value examination focuses on studying past and present price action to predict the probability of DigitalOcean Holdings' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move DigitalOcean Holdings' price. Additionally, you may evaluate how the addition of DigitalOcean Holdings to your portfolios can decrease your overall portfolio volatility.
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Is DigitalOcean Holdings' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of DigitalOcean Holdings. If investors know DigitalOcean will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about DigitalOcean Holdings listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 1.525 | Earnings Share 0.2 | Revenue Per Share 7.687 | Quarterly Revenue Growth 0.11 | Return On Assets 0.0254 |
The market value of DigitalOcean Holdings is measured differently than its book value, which is the value of DigitalOcean that is recorded on the company's balance sheet. Investors also form their own opinion of DigitalOcean Holdings' value that differs from its market value or its book value, called intrinsic value, which is DigitalOcean Holdings' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because DigitalOcean Holdings' market value can be influenced by many factors that don't directly affect DigitalOcean Holdings' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between DigitalOcean Holdings' value and its price as these two are different measures arrived at by different means. Investors typically determine if DigitalOcean Holdings is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, DigitalOcean Holdings' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.