Datadog Inc (NASDAQ:DDOG) price closed higher on Tuesday, April 16, jumping 0.90% above its previous close.
A look at the daily price movement shows that the last close reads $125.82. The company’s 5Y monthly beta was ticking 1.15 while its P/E ratio in the trailing 12-month period read 979.55. Taking into account the 52-week price action we note that the stock hit a 52-week high of $138.61 and 52-week low of $62.60. The stock added 5.42% on its value in the past month.
Datadog Inc, which has a market valuation of $42.13 billion, is expected to release its quarterly earnings report May 02, 2024 – May 06, 2024.
Revisions to the company’s EPS highlights a short term direction of a stock’s price movement, which in the last 7 days came up with no upward and no downward reviews. On the technical perspective front, indicators give DDOG a short term outlook of 50% Buy on average. Looking at the stock’s medium term indicators we note that it is averaging as a 100% Buy, while an average of long term indicators are currently assigning the stock as 100% Buy.
If we dive deeper into the stock’s performance we see the positive picture represented by the PEG ratio, currently standing at 68.98. The overview shows that DDOG’s price is at present 2.36% off the SMA20 and 0.16% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 54.26, with weekly volatility standing at 3.41%. The indicator jumps to 3.07% when calculated based on the past 30 days. Datadog Inc (NASDAQ:DDOG)’s beta value is holding at 1.14, while the average true range (ATR) indicator is currently reading 4.16.
An analysis of the Datadog Inc (NASDAQ:DDOG) stock in terms of its daily trading volume indicates that the 3-month average is 4.17 million.
Current records show that the company has 305.40M in outstanding shares. The insiders’ percentage holdings are 17.19% of outstanding shares while the percentage share held by institutions stands at 68.03%. But the 4.59% upside, the stock’s price has registered year-to-date as of last trading, will likely reignite investor interest given the prospect of it rallying even higher.
