At the time of writing, Doximity Inc [DOCS] stock is trading at $25.85, down -2.16%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The DOCS shares have gain 0.58% over the last week, with a monthly amount drifted -6.68%, and not seem to be holding up well over a long-time horizon.
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On 22, February 2024, Doximity to Participate in Upcoming Investor Events. In a post published today on Yahoo Finance, Doximity CFO Anna Bryson to Take Part in Raymond James Institutional Investor Conference and Barclays Global Healthcare Conference.
From an analyst’s perspective:
Doximity Inc [NYSE: DOCS] stock has seen the most recent analyst activity on February 26, 2024, when Leerink Partners initiated its Market Perform rating and assigned the stock a price target of $32. Previously, Barclays started tracking the stock with Equal Weight rating on January 03, 2024, and set its price target to $31. On January 02, 2024, upgrade upgraded it’s rating to Neutral and revised its price target to $29 on the stock. Needham downgraded its rating to a Hold. Guggenheim downgraded its rating to a Neutral. Piper Sandler downgraded its rating to Neutral for this stock on August 03, 2023, and downed its price target to $36. In a note dated May 01, 2023, Wells Fargo downgraded an Equal Weight rating on this stock and revised its target price from $39 to $37.
For the past year, the stock price of Doximity Inc fluctuated between $19.71 and $37.10. Currently, Wall Street analysts expect the stock to reach $34.5 within the next 12 months. Doximity Inc [NYSE: DOCS] shares were valued at $25.85 at the most recent close of the market. An investor can expect a potential return of 33.46% based on the average DOCS price forecast.
Analyzing the DOCS fundamentals
According to Doximity Inc [NYSE:DOCS], the company’s sales were 468.33M for trailing twelve months, which represents an 17.37% jump. Gross Profit Margin for this corporation currently stands at 0.89% with Operating Profit Margin at 0.33%, Pretax Profit Margin comes in at 0.37%, and Net Profit Margin reading is 0.29%. To continue investigating profitability, this company’s Return on Assets is posted at 0.14, Equity is 0.15 and Total Capital is 0.17. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.02.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 25.73 points at the first support level, and at 25.61 for the second support level. However, for the 1st resistance point, the stock is sitting at 26.03, and for the 2nd resistance point, it is at 26.21.
Ratios To Look Out For
It is important to note that Doximity Inc [NYSE:DOCS] has a current ratio of 7.97. Also, the Quick Ratio is 7.97, while the Cash Ratio stands at 1.17. Considering the valuation of this stock, the price to sales ratio is 10.30, the price to book ratio is 5.57 and price to earnings (TTM) ratio is 38.95.
Transactions by insiders
Recent insider trading involved Wampler Kira Scherer, Director, that happened on Apr 01 ’24 when 2500.0 shares were sold. Director, Wampler Kira Scherer completed a deal on Mar 01 ’24 to sell 2500.0 shares. Meanwhile, Overpeck Craig sold 1500.0 shares on Feb 16 ’24.
