If you are wondering whether DigitalOcean Holdings is still reasonably priced after its recent run, this breakdown will help you understand what you might actually be paying for.
The share price closed at US$55.33, with returns of 9.3% over the past week, 16.1% over the last month, 13.0% year to date, 65.3% over the past year and 99.8% over the last three years.
Recent attention on DigitalOcean has centered on its role as a cloud platform focused on smaller businesses and developers. This keeps it in many investors’ sights. Ongoing discussion around competition in cloud services and how providers differentiate their offerings gives context to the recent share price moves.
On our valuation checks, DigitalOcean scores 3 out of 6 for…
