Datadog Inc (NASDAQ:DDOG) shares, rose in value on Friday, April 05, with the stock price up by 2.67% to the previous day’s close as strong demand from buyers drove the stock to $123.94.
Actively observing the price movement in the recent trading, the stock is buoying the session at $120.72. The value of beta (5-year monthly) is 1.16 whereas the PE ratio is 956.35 over 12-month period. Referring to stock’s 52-week performance, its high was $138.61, and the low was $62.60. On the whole, DDOG has fluctuated by -0.52% over the past month.
With the market capitalization of Datadog Inc currently standing at about $41.13 billion, investors are eagerly awaiting this quarter’s results, scheduled for May 02, 2024 – May 06, 2024.
Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days. We see that DDOG’s technical picture suggests that short-term indicators denote the stock is a 50% Buy on average. However, medium term indicators have put the stock in the category of 50% Buy while long term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the PEG ratio is about 67.35, with the price of DDOG currently trading nearly 1.17% and -2.06% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 50.08, while the 7-day volatility ratio is showing 3.45% which for the 30-day chart, stands at 2.99%. Furthermore, Datadog Inc (DDOG)’s beta value is 1.15, and its average true range (ATR) is 4.00.
A comparison of Datadog Inc (DDOG) with its peers suggests the former has fared considerably weaker in the market. DDOG showed an intraday change of 2.67% in today’s session so far, and over the past year, it grew by 78.80%%.
Data on historical trading for Datadog Inc (NASDAQ:DDOG) indicates that the trading volumes over the past 10 days have averaged 2.14 million and over the past 3 months, they’ve averaged 4.23 million. According to company’s latest data on outstanding shares, there are 305.40 million shares outstanding.
Nearly 17.19% of Datadog Inc’s shares belong to company insiders and institutional investors own 68.23% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 8.54 million shares as on Mar 15, 2024, resulting in a short ratio of 2.19. According to the data, the short interest in Datadog Inc (DDOG) stood at 2.57% of shares outstanding as of Mar 15, 2024; the number of short shares registered in Feb 15, 2024 reached 11.77 million. The stock has risen by 2.11% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the DDOG stock heading into the next quarter.
