Doximity Inc [DOCS] stock is trading at $27.83, up 0.58%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The DOCS shares have gain 2.50% over the last week, with a monthly amount drifted -3.03%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Doximity Inc [NYSE: DOCS] stock has seen the most recent analyst activity on April 25, 2024, when JP Morgan upgraded its rating to a Neutral but kept the price target unchanged to $25 for it. Previously, Leerink Partners started tracking the stock with Market Perform rating on February 26, 2024, and set its price target to $32. On January 03, 2024, Barclays initiated with a Equal Weight rating and assigned a price target of $31 on the stock. BofA Securities upgraded its rating to a Neutral and increased its price target to $29 on January 02, 2024. Needham downgraded its rating to a Hold. Guggenheim downgraded its rating to Neutral for this stock on August 09, 2023. In a note dated August 03, 2023, Piper Sandler downgraded an Neutral rating on this stock and revised its target price from $38 to $36.
Doximity Inc [DOCS] stock has fluctuated between $19.71 and $36.29 over the past year. Currently, Wall Street analysts expect the stock to reach $31 within the next 12 months. Doximity Inc [NYSE: DOCS] shares were valued at $27.83 at the most recent close of the market. An investor can expect a potential return of 11.39% based on the average DOCS price forecast.
Analyzing the DOCS fundamentals
Doximity Inc [NYSE:DOCS] reported sales of 475.42M for the trailing twelve months, which represents a growth of 6.39%. Gross Profit Margin for this corporation currently stands at 0.89% with Operating Profit Margin at 0.34%, Pretax Profit Margin comes in at 0.39%, and Net Profit Margin reading is 0.31%. To continue investigating profitability, this company’s Return on Assets is posted at 0.14, Equity is 0.16 and Total Capital is 0.18. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.02.
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 27.45 points at the first support level, and at 27.07 for the second support level. However, for the 1st resistance point, the stock is sitting at 28.10, and for the 2nd resistance point, it is at 28.36.
Ratios To Look Out For
For context, Doximity Inc’s Current Ratio is 6.17. As well, the Quick Ratio is 6.17, while the Cash Ratio is 0.66. Considering the valuation of this stock, the price to sales ratio is 10.85, the price to book ratio is 5.76 and price to earnings (TTM) ratio is 38.58.
Transactions by insiders
Recent insider trading involved Bryson Anna, Chief Financial Officer, that happened on Jun 12 ’24 when 30000.0 shares were sold. Director, Cabral Timothy S completed a deal on Jun 12 ’24 to sell 10000.0 shares. Meanwhile, Director Wampler Kira Scherer sold 2500.0 shares on Jun 03 ’24.
