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How to buy DigitalOcean (DOCN) stocks in Canada
Learn how to easily invest in DigitalOcean stocks.
DigitalOcean is a software-infrastructure business based in the US. DigitalOcean stocks (DOCN.US) are listed on the NYSE and all prices are listed in US Dollars. Its last market close was $51.22 – a decrease of 19.79% over the previous week. DigitalOcean employs 581 staff and has a trailing 12-month revenue of around $396.4 million.
How to buy shares in DigitalOcean
- Compare share trading platforms. Use our comparison table to help you find a platform that fits you.
- Open your brokerage account. Complete an application with your details.
- Confirm your payment details. Fund your account.
- 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.
- 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.
- Check in on your investment. Optimize your portfolio by tracking your stock.
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.
What's in this guide?
DigitalOcean stock price (NYSE:DOCN)Use our graph to track the performance of DOCN stocks over time.
DigitalOcean shares at a glance
|Latest market close||$57.38|
|52-week range||$35.35 - $133.40|
|50-day moving average||$90.71|
|200-day moving average||$66.62|
|Wall St. target price||$112.56|
|Dividend yield||N/A (0%)|
|Earnings per share (TTM)||$-0.28|
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Note: The dollar amounts in the table below are in Canadian dollars.
DigitalOcean price performance over time
|1 week (2022-01-08)||N/A|
|1 month (2021-12-16)||-19.19%|
|3 months (2021-10-19)||-37.40%|
|6 months (2021-07-19)||11.87%|
|1 year (2021-01-15)||N/A|
|2 years (2020-01-15)||N/A|
|3 years (2019-01-15)||N/A|
|5 years (2017-01-15)||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 3.1193. 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 (earnings before interest, taxes, depreciation and amortisation) is $68.7 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.
|Revenue TTM||$396.4 million|
|Gross profit TTM||$172.8 million|
|Return on assets TTM||-2.69%|
|Return on equity TTM||-57.34%|
|Market capitalisation||$6.3 billion|
TTM: trailing 12 months
DigitalOcean share dividends
We're not expecting DigitalOcean to pay a dividend over the next 12 months.
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.
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Frequently asked questions
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