A share price of Doximity Inc [DOCS] is currently trading at $26.63, down -2.70%. 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 lost -1.22% over the last week, with a monthly amount drifted -9.64%, 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 experienced fluctuations in its stock price throughout the past year between $19.71 and $36.29. Currently, Wall Street analysts expect the stock to reach $31 within the next 12 months. Doximity Inc [NYSE: DOCS] shares were valued at $26.63 at the most recent close of the market. An investor can expect a potential return of 16.41% based on the average DOCS price forecast.
Analyzing the DOCS fundamentals
Trailing Twelve Months sales for Doximity Inc [NYSE:DOCS] were 475.42M which represents 6.39% growth. 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. 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 26.15 points at the first support level, and at 25.66 for the second support level. However, for the 1st resistance point, the stock is sitting at 27.31, and for the 2nd resistance point, it is at 27.98.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Doximity Inc [NYSE:DOCS] is 6.17. Also, the Quick Ratio is 6.17, while the Cash Ratio stands at 0.66. Considering the valuation of this stock, the price to sales ratio is 10.39, the price to book ratio is 5.51 and price to earnings (TTM) ratio is 36.91.
Transactions by insiders
Recent insider trading involved Wampler Kira Scherer, Director, that happened on Jul 01 ’24 when 2500.0 shares were sold. Chief Financial Officer, Bryson Anna completed a deal on Jun 12 ’24 to sell 30000.0 shares. Meanwhile, Director Cabral Timothy S sold 10000.0 shares on Jun 12 ’24.
