DigitalOcean Holdings Inc Shares Close the Day 10.1% Higher - Daily Wrap

The company saw its shares close the day 10.1% higher than yesterday, with trading volume lower than its 30 day average.

May 27, 2022 by Kwhen Finance Editors

DigitalOcean Holdings Inc Shares Close the Day 10.1% Higher - Daily Wrap
DigitalOcean Holdings Inc (DOCN) shares closed today 10.1% higher than it did at the end of yesterday. The stock is currently down 42.8% year-to-date, up 7.9% over the past 12 months, and up 8.0% over the past five years. Today, the Dow Jones Industrial Average rose 1.7%, and the S&P 500 rose 2.5%.

Trading Activity

  • Shares traded as high as $46.87 and as low as $39.65 this week.
  • Shares closed 62.1% below its 52-week high and 68.3% above its 52-week low.
  • Trading volume this week was 21.6% higher than the 10-day average and 10.4% higher than the 30-day average.
  • Beta, a measure of the stock’s volatility relative to the overall market stands at 2.7.

Technical Indicators

  • The Relative Strength Index (RSI) on the stock was above 70, indicating it may be overbought.
  • MACD, a trend-following momentum indicator, indicates an upward trend.
  • The stock closed below its Bollinger band, indicating it may be oversold.

Market Comparative Performance

  • The company's share price beats the S&P 500 Index today, beats it on a 1-year basis, and lags it on a 5-year basis
  • The company's share price beats the Dow Jones Industrial Average today, beats it on a 1-year basis, and lags it on a 5-year basis
NameDoD %ΔYTD %Δ1 Yr %52-Week H %52-Week L %
DigitalOcean Holdings Inc10.1-42.87.9-65.354.2
Dow Jones Industrial Average1.7-9.7-3.5-11.05.3
S&P 500 Index2.5-14.4-2.0-14.77.2
Technology Industry-10.154.8-31.0-36.157.8

Peer Group Comparative Performance

  • The company's stock price performance year-to-date lags the peer average by 153.5%
  • The company's stock price performance over the past 12 months beats the peer average by -368.2%
NameMKT CAP (USD)P/EYTD %Δ1 Yr %Δ52-Week H %52-Week L %
DigitalOcean Holdings IncDOCN0-42.87.9-65.354.2
Peer AvgN/A-32.1-16.9-3.0-15.57.2
Palo Alto Networks IncPANW-128.4-9.836.5
Paymentus Holdings Inc - Class APAY0-57.8-48.4-62.028.7

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