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How to buy DigitalOcean stock | $93.94

Learn how to easily invest in DigitalOcean stock.

DigitalOcean Holdings Inc is a software-infrastructure business based in the US. DigitalOcean shares (DOCN) are listed on the NYSE and all prices are listed in US Dollars. DigitalOcean employs 581 staff and has a trailing 12-month revenue of around 0.00.

How to buy shares in DigitalOcean

  1. Compare share trading platforms.Use our comparison table to help you find a platform that fits you.
  2. Open your brokerage account. Complete an application with your details.
  3. Confirm your payment details. Fund your account.
  4. Research the stock. Find the stock by name or ticker symbol – DOCN – and research it before deciding if it's a good investment for you.
  5. Purchase now or later. Buy your desired number of shares with a market order or use a limit order to delay your purchase until the stock reaches a desired price.
  6. Check in on your investment. Optimize your portfolio by tracking your stock.

DigitalOcean stock price (NYSE: DOCN)

Use our graph to track the performance of DOCN stocks over time.

DigitalOcean shares at a glance

Information last updated 2021-10-24.
Latest market close$93.94
52-week range$35.35 - $96.50
50-day moving average $82.44
200-day moving average $56.70
Wall St. target price$76.00
PE ratio N/A
Dividend yield N/A (0%)
Earnings per share (TTM) $-0.49

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The value of any investment can go up or down depending on news, trends and market conditions. We are not investment advisers, so do your own due diligence to understand the risks before you invest.

Is it a good time to buy DigitalOcean stock?

The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.

This chart is not advice or a guarantee of success. Rather, it gauges the real-time recommendations of three popular technical indicators: moving averages, oscillators and pivots. Finder is not responsible for how your stock performs.

DigitalOcean price performance over time

Historical closes compared with the close of $93.94 from 2021-10-22

1 week (2021-10-19) 2.49%
1 month (2021-09-24) 13.81%
3 months (2021-07-26) 72.30%
6 months (2021-04-26) 116.35%
1 year (2020-10-22) N/A
2 years (2019-10-22) N/A
3 years (2018-10-22) N/A
5 years (2016-10-22) N/A

Is DigitalOcean under- or over-valued?

Valuing DigitalOcean stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of DigitalOcean's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.

DigitalOcean's PEG ratio

DigitalOcean's "price/earnings-to-growth ratio" can be calculated by dividing its P/E ratio by its growth – to give 3.5644. A low ratio can be interpreted as meaning the shares offer better value, while a higher ratio can be interpreted as meaning the shares offer worse value.

The PEG ratio provides a broader view than just the P/E ratio, as it gives more insight into DigitalOcean's future profitability. By accounting for growth, it could also help you if you're comparing the share prices of multiple high-growth companies.

However, it's sensible to consider DigitalOcean's PEG ratio in relation to those of similar companies.

DigitalOcean's EBITDA

DigitalOcean's EBITDA (earnings before interest, taxes, depreciation and amortisation) is $63.9 million.

The EBITDA is a measure of a DigitalOcean's overall financial performance and is widely used to measure a its profitability.

To put DigitalOcean's EBITDA into context you can compare it against that of similar companies.

DigitalOcean financials

Revenue TTM $366.1 million
Gross profit TTM $172.8 million
Return on assets TTM -2.69%
Return on equity TTM -57.34%
Profit margin -8.08%
Book value $8.00
Market capitalisation $10.1 billion

TTM: trailing 12 months

Shorting DigitalOcean shares

There are currently 4.9 million DigitalOcean shares held short by investors – that's known as DigitalOcean's "short interest". This figure is 34.8% up from 3.7 million last month.

There are a few different ways that this level of interest in shorting DigitalOcean shares can be evaluated.

DigitalOcean's "short interest ratio" (SIR)

DigitalOcean's "short interest ratio" (SIR) is the quantity of DigitalOcean shares currently shorted divided by the average quantity of DigitalOcean shares traded daily (recently around 3.0 million). DigitalOcean's SIR currently stands at 1.66. In other words for every 100,000 DigitalOcean shares traded daily on the market, roughly 1660 shares are currently held short.

To gain some more context, you can compare DigitalOcean's short interest ratio against those of similar companies.

However DigitalOcean's short interest can also be evaluated against the total number of DigitalOcean shares, or, against the total number of tradable DigitalOcean shares (the shares that aren't held by "insiders" or major long-term shareholders – also known as the "float"). In this case DigitalOcean's short interest could be expressed as 0.05% of the outstanding shares (for every 100,000 DigitalOcean shares in existence, roughly 50 shares are currently held short) or 0.0949% of the tradable shares (for every 100,000 tradable DigitalOcean shares, roughly 95 shares are currently held short).

Such a low SIR usually points to an optimistic outlook for the share price, with fewer people currently willing to bet against DigitalOcean.

Find out more about how you can short DigitalOcean stock.

DigitalOcean share dividends

We're not expecting DigitalOcean to pay a dividend over the next 12 months.

DigitalOcean overview

DigitalOcean Holdings, Inc. , through its subsidiaries, operates a cloud computing platform in North America, Europe, Asia, and internationally. Its platform provides on-demand infrastructure and platform tools for developers, start-ups, and small-to-medium size businesses. The company offers infrastructure solutions across compute, storage, and networking, as well as enables developers to extend the native capabilities of its cloud with fully managed application, container, and database offerings. Its users include software engineers, researchers, data scientists, system administrators, students, and hobbyists. The company's customers use its platform in various industry verticals and for a range of use cases, such as web and mobile applications, website hosting, e-commerce, media and gaming, personal web projects, managed services, and others. The company was founded in 2012 and is headquartered in New York, New York.

Frequently asked questions

What percentage of DigitalOcean is owned by insiders or institutions?
Currently 40.535% of DigitalOcean shares are held by insiders and 45.716% by institutions.
How many people work for DigitalOcean?
Latest data suggests 581 work at DigitalOcean.
When does the fiscal year end for DigitalOcean?
DigitalOcean's fiscal year ends in December.
Where is DigitalOcean based?
DigitalOcean's address is: 101 6th Avenue, New York, NY, United States, 10013
What is DigitalOcean's ISIN number?
DigitalOcean's international securities identification number is: US25402D1028

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