Datadog Inc (NASDAQ:DDOG) does about 4.25M shares in volume on a normal day but saw 2132920 shares change hands in Tuesday trading. The company now has a market cap of 40.97B USD. Its current market price is $123.45, marking an increase of 0.64% compared to the previous close of $122.66. The 52 week high reached by this stock is $138.61 whilst the lowest price level in 52 weeks is $62.60.
Datadog Inc (DDOG) has a 20-day trading average at $124.22 and the current price is -10.94% off the 52-week high compared with 97.21% distance from its 52-week low. The 50-day simple moving average of the closing price is $127.19 and its 200-day simple moving average is $107.91. If we look at the stock’s price movements over the week, volatility stands at 2.36%, which increases to 3.00% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 46.83 to suggest the stock is neutral.
The consensus objective for the share price is $149.56, suggesting that the stock has a potential upside of 17.46% over the period.
The company shares received a number of brokerage firm price updates over the past month, with the latest being on January 16, 2024 when BMO Capital Markets initiated the stock to “Outperform” and issued a price target of $140. Stifel upgraded the stock to “Buy” from Hold on December 07, 2023 at a price target of $98-$140. Scotiabank initiated its price target at $138.
Datadog Inc (DDOG) stock is up 1.35% over the week and -4.56% over the past month. Its price is 1.71% year-to-date and 89.22% over the past year.
The stock last released its quarterly earnings report for quarter ended 12/30/2023, with the company’s earnings per share (EPS) of $0.55 above consensus estimates by $0.11. DDOG’s earnings per share are forecast to shrink by -10.40% this year and 25.90% over next year. Expected sales for next quarter are $620.09 million, which analysts say will come at $2.58 billion for the current fiscal year and next year at $3.18 billion. In addition, estimates put the company’s current quarterly revenue at an average of $591.08 million.
To reach the target analysts have set, the stock logically needs to grow 17.46 percent from here.
Outstanding shares total 305.40M with insiders holding 8.02% of the shares and institutional holders owning 79.90% of the company’s common stock. The company has a return on investment of 1.67% and return on equity of 2.83%. The price to earnings ratio (P/E ratio) amounts to 952.55 while the forward price to earnings ratio is 68.88. The beta has a value of 1.16. Price to book ratio is 20.18 and price to sales ratio is 19.25.
