Look Past The Setbacks And Give Datadog Inc (NASDAQ: DDOG) Another Chance

Datadog Inc (NASDAQ:DDOG) currently has a daily average trading volume of 4.11M but it saw 2683233 shares traded in last market. With a market cap of 42.24B USD, the company’s current market price of $126.29 came falling about -0.27 while comparing to the previous closing price of $126.63. In past 52 weeks, the stock remained buoying in the range of price level as high as $138.61 and as low as $77.81.

Taking a look at 20-day trading activity of Datadog Inc (DDOG) gives us an average price of $123.56, while its current price level is -8.89% below from 52-week high level whereas it is 62.31% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $120.64 while that of 200 days or SMA-200 reads an average of $116.12. A closer look into the stock’s movement over the week reveals that its volatility is standing at 3.25% during that period while stretching the period over a month that decreases to 2.89%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 54.83 which implies that the stock is in neutral territory.

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The company’s shares got several price updates from the analyst firms in past one month and most recent of them is from the Monness Crespi & Hardt which downgraded the stock as “Sell” in its note to investors issued on June 14, 2024, recommending a price target of between $290 and $240 for it. BofA Securities upgraded its recommendation for the stock as a “Buy” from “Neutral” on May 30, 2024 while assigning a price target range of $143-$155. Robert W. Baird issued its recommendations for the stock as it upgraded the price target for the stock in the range of between $130 and $140.

Over the week, DDOG’s stock price is moving -4.14% down while it is 15.36% when we observe its performance for the past one month. Year-to-date it is 4.05% up and over the past year, the stock is showing an upside performance of 24.48%.

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Currently, Datadog Inc’s total number of outstanding shares is 305.40M. Company’s return on investment (ROI) stands at 3.68% and return on equity (ROE) at 6.21%. It has a price to earnings ratio (P/E ratio) of 388.82 while having a 67.01 of forward P/E ratio. Stock’s beta reads 1.10. Stock has a price to book (P/B) ratio of 19.15 while price to sale or P/S ratio amounts to 18.71. Its return on asset (ROA) is 3.17% on average.

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