Docn Stock Quote Analysis and Financial Insights

Let's take a closer look at Docn stock quote analysis and financial insights. Docn stock has seen a significant increase in trading volume over the past quarter, with a 25% rise in average daily trading volume.

This surge in trading activity has likely been driven by investor interest in the company's recent earnings report, which showed a 15% increase in revenue compared to the same quarter last year.

As a result, Docn stock has seen a corresponding increase in its stock price, with a 12% rise over the past quarter. This has made it an attractive option for investors looking to capitalize on the company's growth.

The company's financials have also been a key driver of investor interest, with a net income margin of 10% and a debt-to-equity ratio of 0.5, indicating a healthy balance sheet.

You might like: B T Share Price Uk

The financials of docn stock quote are a mixed bag. The company's cash-to-debt ratio is a concerning 0.27, indicating that it may struggle to meet its short-term obligations.

The equity-to-asset ratio is an alarming -0.14, suggesting that the company's assets are significantly outweighing its equity. This is further exacerbated by the debt-to-equity ratio of -7.68, implying that the company is heavily indebted.

Here's a breakdown of the company's debt situation:

The company's interest coverage ratio, however, is a reassuring 7.55, indicating that it has sufficient cash flow to meet its interest payments.

Income Statements (USD) give us a snapshot of a company's financial performance over time. Let's take a look at the numbers for DOCN.

The sales figures for DOCN have been steadily increasing, with a notable jump from 2022 to 2023, reaching 692.88 million USD. This represents a 20.23% change in sales from the previous year.

Gross profit on sales is another important metric, and DOCN's has been growing steadily, with a 12.22% change from 2022 to 2023. This suggests that the company is able to maintain a healthy profit margin despite increasing sales.

Consider reading: B a E Share Price

Here's a breakdown of DOCN's income statements over the past few years:

As we can see, DOCN's sales and gross profit on sales have been increasing steadily, with a significant jump in 2023. However, the operating income has been a different story, with a decrease of 49.44% from 2022 to 2023. This suggests that the company may be facing some challenges in terms of operating efficiency.

Intriguing read: Upcoming Stock Splits 2023

The company's financial strength is a mixed bag.

The company's cash-to-debt ratio is a low 0.27, indicating that it has a significant amount of debt relative to its cash reserves.

The equity-to-asset ratio is also negative at -0.14, suggesting that the company's assets are worth more than its equity.

However, the debt-to-equity ratio is a very low -7.68, indicating that the company has a lot of assets relative to its equity.

The debt-to-EBITDA ratio is 7.29, which is relatively high, suggesting that the company may be struggling to pay off its debts.

See what others are reading: S B I Card Share Price

On the other hand, the interest coverage ratio is a healthy 7.55, indicating that the company can easily cover its interest payments.

The Piotroski F-Score is 8/9, which is a good sign, indicating that the company's financial health is strong.

The Altman Z-Score is 2.01, which falls into the "distress" category, suggesting that the company may be at risk of bankruptcy.

The Beneish M-Score is -2.74, indicating that the company is not a manipulator, which is a good sign.

DigitalOcean Holdings' stock price has been on the rise, with a current share price of $41.97. This is a 20.19% increase from its price just one month ago.

The company's stock price has fluctuated over the past year, reaching a 52-week high of $44.80 and a low of $26.63. This volatility can be attributed to various market and economic factors.

Beta, a measure of a stock's volatility compared to the overall market, is 1.78 for DigitalOcean Holdings. This means that the company's stock price tends to move more than the overall market.

Readers also liked: Arihant Capital Market Share Price

Here are the key performance metrics for DigitalOcean Holdings:

The company's growth rates are impressive, with a 3-year revenue growth rate of 33.5% and a 3-year EBITDA growth rate of 53.3%. However, the 3-year book growth rate has seen a decline of 71.8%.