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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 $33.20, down 0.27% from the previous day, and has decreased 30.72% in one year. It has underperformed other stocks in the Software - Infrastructure industry by 0.33 percentage points. Digitalocean Holdings stock is currently +71.22% from its 52-week low of $19.39, and -35.77% from its 52-week high of $51.69.

At the moment, there are 91.09M DOCN shares outstanding. The market capitalization of DOCN is $3.02B. In the past 24 hours, 821,206 DOCN shares were traded.

How to Buy Digitalocean Holdings Stock

Wondering how to invest in Digitalocean Holdings stock? Here's how.
  1. 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.
  2. Open a brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've found.
  3. Deposit funds into your investment account: Pick your payment method and add your details.
  4. 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).
  5. 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.
  6. 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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Step 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.

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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.

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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 Price
$33.20
1w %
-4.38%
1y %
-30.72%
5y %
N/A
P/E
58.25x
P/B
-10.57x
P/S
4.23x
PEG
2.55x
Revenue
$712.48M
Earnings
$49.92M
Fore. Rev. Growth
10.75%
Fore. Earn. Growth
22.84%
Market Cap
$3.02B
Next Earnings
Aug 1, 2024
Next Dividend
N/A

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 58.25x, relative to Software - Infrastructure industry P/E ratio of 41.97x
  • DOCN could be overvalued based on its PEG ratio of 2.55x

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 -4.2% to 7% in the past year.
  • DOCN earnings of $77.94M is not sufficient to cover its interest payments.
  • 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's operating cash flow of $265.42M allows it to safely service it's debt of $1.66B.
  • DOCN debt to equity ratio of -6.19 is negative.

Is it a good time to buy Digitalocean Holdings stock, according to analysts?

Out of 5 Wall Street analysts who give ratings on DOCN, the consensus analyst rating on Digitalocean Holdings is a Buy

Please note that analyst ratings are not stock recommendations, nor are they financial advice.

You can dive deeper into what analysts are projecting on the Digitalocean Holdings stock forecast page.

DOCN Technical Indicators

SMA10
33.91
SMA20
34.02
SMA50
35.63
SMA100
36.29
SMA200
33.24
MACD
-0.77
MACD Signal
-0.67
MACD Histogram
-0.1
RSI
43.83
Stochastic %K
33.98
Stochastic %D
27.51
StochRSI %K
43.41
StochRSI %D
34.82

Is DOCN Making Money?

Last year, DOCN revenue was $712.48M. Over the past 3 year, DOCN's revenue has increased by 103.23% per year. This was faster than the Software - Infrastructure industry average of 17.84%.

Dive into DOCN's earnings and revenue performance here.

Latest Insiders Trades at DOCN

Over the past year, insiders at DOCN have bought more shares than they have sold.

Warren Jenson, Director of DOCN, was the latest DOCN insider to buy. They bought $13,112.42 worth of DOCN stock on Jun 30, 2024.

Dig into more about who owns DOCN shares here.

Does DOCN provide a stable income stream?

No, Digitalocean Holdings doesn't provide an income stream by paying out dividends.

What do other investors have to say about DOCN?

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Step 5: Place your DOCN buy order

You have two main options:

  • Market order: A market order is an order to buy or sell a stock at the best possible price.
    Market orders are usually fine for most investors.
  • Limit order: A limit order lets you buy or sell a stock at a specific price (or better).
    If you want to be sure you're buying or selling at a specific price limit, use a limit order.

Click the Open button and your broker will place your order.

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Step 6: Track your DOCN investment

Now that you own some DOCN shares, you'll want to stay up-to-date on your investment.

Create a watchlist to keep tabs on your DOCN stock.

DOCN Feed

How to Buy Stock in Digitalocean Holdings

To reiterate, here are the 6 steps for buying Digitalocean Holdings stock:

  1. Figure out where to buy Digitalocean Holdings stock
  2. Open a brokerage account
  3. Deposit funds into your investment account
  4. Analyze Digitalocean Holdings stock
  5. Place your DOCN buy order
  6. Track your DOCN investment

If you need a online brokerage, eToro is our favorite option.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

If you want to keep an eye on your new investment in Digitalocean Holdings, get started below.

NYSE: DOCN
$33.20-0.09 (-0.27%)
Updated Jul 12, 2024
Open eToro Account
NYSE: DOCN
$33.20-0.09 (-0.27%)
Updated Jul 12, 2024
Open eToro Account

FAQ

How much does it cost to buy one Digitalocean Holdings share?

As of Jul 12, 2024, it costs $33.20 to buy one share of Digitalocean Holdings stock.

Remember, eToro's fractional share buying allows you to buy partial shares of stocks and ETFs. Even if you only have $10, you can buy 0.301 shares of DOCN.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

Is now a good time to buy Digitalocean Holdings stock?

According to 5 Wall Street analysts who monitor Digitalocean Holdings, their consensus recommendation is to buy Digitalocean Holdings stock.

What is the best way to buy Digitalocean Holdings stock?

One way to place an order for Digitalocean Holdings stock is with a brokerage account.
WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.

Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.