Doximity Inc [DOCS] stock is trading at $27.59, down -4.83%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The DOCS shares have gain 1.85% over the last week, with a monthly amount drifted -1.75%, and not seem to be holding up well over a long-time horizon.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
From an analyst’s perspective:
Doximity Inc [NYSE: DOCS] stock has seen the most recent analyst activity on July 18, 2024, when Wells Fargo downgraded its rating to a Underweight and also revised its price target to $19 from $27. Previously, JP Morgan upgraded its rating to Neutral on April 25, 2024, and kept the price target unchanged to $25. On February 26, 2024, Leerink Partners initiated with a Market Perform rating and assigned a price target of $32 on the stock. Barclays started tracking the stock assigning a Equal Weight rating and suggested a price target of $31 on January 03, 2024. BofA Securities upgraded its rating to a Neutral and raised its price target to $29 on January 02, 2024. Needham downgraded its rating to Hold for this stock on August 09, 2023. In a note dated August 09, 2023, Guggenheim downgraded an Neutral rating on this stock.
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 $27.59 at the most recent close of the market. An investor can expect a potential return of 12.36% 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. 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 26.75 points at the first support level, and at 25.90 for the second support level. However, for the 1st resistance point, the stock is sitting at 28.19, and for the 2nd resistance point, it is at 28.79.
Ratios To Look Out For
For context, Doximity Inc’s Current Ratio is 6.17. In addition, the Quick Ratio stands at 6.17 and the Cash Ratio stands at 0.66. Considering the valuation of this stock, the price to sales ratio is 10.76, the price to book ratio is 5.71 and price to earnings (TTM) ratio is 38.25.
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.
