How to Buy Digitalocean Holdings Stock
Digitalocean Holdings Inc
Digitalocean Holdings is a software infrastructure company located in New York, United States, which is part of the Technology sector, and is traded under the ticker DOCN on the NYSE exchange.
Digitalocean Holdings stock last closed at $32.44, down 1.76% from the previous day, and has increased 3.81% in one year. It has underperformed other stocks in the Software - Infrastructure industry by 0.13 percentage points. Digitalocean Holdings stock is currently +67.3% from its 52-week low of $19.39, and -37.24% from its 52-week high of $51.69.
At the moment, there are 90.8M DOCN shares outstanding. The market capitalization of DOCN is $2.95B. In the past 24 hours, 906,801 DOCN shares were traded.
How to Buy Digitalocean Holdings Stock
Wondering how to invest in Digitalocean Holdings stock? Here's how.
- Figure out where to buy Digitalocean Holdings stock: You need to pick an online brokerage, but don't worry - we've tried dozens of online stock brokerages and apps to help you decide where to buy Digitalocean Holdings stock.
- Open a brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've found.
- Deposit funds into your investment account: Pick your payment method and add your details.
- Analyze Digitalocean Holdings stock: The Digitalocean Holdings ticker symbol is DOCN. Is Digitalocean Holdings stock a good investment? Should you buy shares of DOCN? How do DOCN's underlying business fundamentals look? Do top analysts think Digitalocean Holdings is a good buy? Why has DOCN's stock price moved recently? (Hint: Our stock market analysis tools can help you evaluate if DOCN is a good stock to buy).
- Place your DOCN buy order: Decide if you will purchase DOCN shares at the current market price or use a limit order to purchase DOCN shares at a specific price.
- Track your DOCN investment: Create a watchlist to the latest updates on your position in Digitalocean Holdings stock.
Step 1: Figure out where to buy Digitalocean Holdings stock
You will need a brokerage account to access the NYSE market and buy DOCN shares.
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Open eToro AccountStep 2: Open a brokerage account
Now that you've chosen the right brokerage, you'll need to fill out some personal info so you can buy DOCN today.
How to Start a New Brokerage Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Enter your personal info to open a new brokerage account.
- Submit your information by clicking the "Create Account" button. Get started with eToro today
Step 3: Deposit funds into your investment account
Now that you've opened your account on mobile trading apps, you can securely and quickly fund your account:
Watch the walkthrough below for more details transferring funds into your investment account.
Step 4: Analyze Digitalocean Holdings stock
Once you have chosen the best place to buy Digitalocean Holdings stock, it's critical to evaluate their stock before you invest, so you can wrap your head around the risk and upside.
Digitalocean Holdings quick stats
DOCN Zen Score
WallStreetZen was designed to help average investors perform more in-depth fundamental analysis in less time.
You can see all of the due diligence checks on DOCN's stock page.
How is DOCN stock valued?
Investors use many financial metrics, analyses, models, and charts to gauge DOCN's true value.
Using relative valuations methods:
- DOCN may be overvalued based on its P/E ratio of 147.45x, relative to Software - Infrastructure industry P/E ratio of 75.61x
- DOCN could be overvalued based on its PEG ratio of 1.43x
You can do more valuation analysis on DOCN's stock here.
How do DOCN Financials look?
Positive Financial Indicators:
- DOCN profit margin has gone up from -4.8% to 2.8% in the past year.
- There are more short-term assets than short-term liabilities on the DOCN balance sheet.
Negative Financial Indicators:
- There are more long-term liabilities than short-term assets on the DOCN balance sheet.
- Total DOCN debt is still negative.
- DOCN debt to equity ratio of -5.66 is negative.
- DOCN earnings of $35.72M is not sufficient to cover its interest payments.
- DOCN's operating cash flow of $234.94M allows it to safely service it's debt of $1.65B.
Is it a good time to buy Digitalocean Holdings stock, according to analysts?
Out of 6 Wall Street analysts who give ratings on DOCN, the consensus analyst rating on Digitalocean Holdings is a Strong Buy
Please note that analyst ratings are not stock recommendations, nor are they financial advice.
Most Recent DOCN Analyst Ratings
Kingsley Crane, a top 19% analyst from Canaccord Genuity maintains DOCN with a strong buy rating and lowers their DOCN price target from $52.00 to $33.00, on Oct 31, 2023.
You can dig deeper into what analysts are projecting on the Digitalocean Holdings stock forecast page.
DOCN Technicals
How is DOCN performing as a company?
Last year, DOCN revenue was $692.88M. Over the last 5 year, DOCN's revenue has grown by 27.81% per year. This was faster than the Software - Infrastructure industry average of 17.26%.
Dive into DOCN's earnings and revenue performance here.
What are DOCN executives and large shareholders up to?
Over the past 12 months, executives and large shareholders at DOCN have bought more shares than they have sold.
Warren J. Adelman, Executive Chairman of DOCN, was the latest DOCN insider to sell. They sold $55,996.80 worth of DOCN stock on Apr 12, 2024.
Research more about who owns DOCN shares here.
Can I rely on DOCN as an income stream?
No, Digitalocean Holdings doesn't provide an income stream by paying out dividends.
What do other traders have to say about DOCN?
One of the major reasons eToro is our highest-rated brokerage is because of its social trading community.
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Step 5: Place your DOCN buy order
You have two main types of orders:
- Market order: A market order is an order to buy or sell a stock at the best price on the market.
Market orders are usually sufficient. - Limit order: A limit order enables you to buy or sell a stock at a specific price (or better).
If you want to be certain you're buying or selling at a specific price, place a limit order.
Click the Open button and your broker will execute your order.
If you require additional info about buying stocks on eToro, watch the how to video below:
Step 6: Track your DOCN investment
Now that you own some DOCN stock, you'll want to stay up-to-date on your new investment.
Make a watchlist to track the latest developments regarding your DOCN stock.
DOCN Feed
How to Buy Stock in Digitalocean Holdings
To reiterate, here are the 6 steps to buy Digitalocean Holdings stock:
- Figure out where to buy Digitalocean Holdings stock
- Open a brokerage account
- Deposit funds into your investment account
- Analyze Digitalocean Holdings stock
- Place your DOCN buy order
- Track your DOCN investment
If you need a brokerage account, eToro is our favorite venue.
Get Started with eToro TodayIf you want to get notifications regarding your new investment in Digitalocean Holdings, create a watchlist on WallStreetZen today.
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