In the last trading session, 1.06 million Datadog Inc (NASDAQ:DDOG) shares changed hands as the company’s beta touched 1.13. With the company’s per share price at $126.19 changed hands at -$0.76 or -0.59% during last session, the market valuation stood at $41.88B. DDOG’s last price was a discount, traded about -9.84% off its 52-week high of $138.61. The share price had its 52-week low at $62.60, which suggests the last value was 50.39% up since then. When we look at Datadog Inc’s average trading volume, we note the 10-day average is N/A shares, with the 3-month average coming to 4.17 million.
Datadog Inc (NASDAQ:DDOG) trade information
Instantly DDOG was in red as seen at the end of in last trading. With action 0.30%, the performance over the past five days has been green. The drop to weekly highs of 131.58 on N/A, N/A subtracted -0.59% to the stock’s daily price. The company’s shares are showing year-to-date upside of 3.97%, with the 5-day performance at 0.30% in the green. However, in the 30-day time frame, Datadog Inc (NASDAQ:DDOG) is 4.41% up. Looking at the short shares, we see there were N/A shares sold at short interest cover period of N/A days.
Datadog Inc (DDOG) estimates and forecasts
Data shows that the Datadog Inc share is performing relatively much not better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot 39.41% over the past 6 months, a 7.58% in annual growth rate that is considerably lower than the industry average of 20.50%. Moreover, analysts have looked to higher expectations by upgrading its fiscal year 2024 revenue estimates. The rating firms predict current quarter revenue for Datadog Inc will rise 25.00%, while the growth in revenue is estimated to hit -2.80% for the next quarter. Year-over-year growth is forecast to reach 21.20% up from the last financial year.
Consensus estimates given by 33 financial analysts project the company’s revenue in the current quarter to hit an average of $591.08 million. 34 analysts are of the opinion that Datadog Inc’s revenue for the quarter ending Jun 2024 will be $620.09 million. The company’s revenue for the corresponding quarters a year ago was $481.71 million and $509.46 million respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 22.70%. The estimates for the next quarter sales put growth at 21.70%. The 2024 estimates are for Datadog Inc earnings to increase by 9.35%, but the outlook for the next 5-year period is at 14.20% per year.
