DoorDash Inc [DASH] stock is trading at $110.72, up 3.27%. An important factor to consider is whether the stock is rising or falling in short-term value. The DASH shares have gain 8.06% over the last week, with a monthly amount glided 2.04%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
DoorDash Inc [NASDAQ: DASH] stock has seen the most recent analyst activity on July 26, 2024, when Redburn Atlantic initiated its Buy rating and assigned the stock a price target of $170. On July 16, 2024, Wolfe Research initiated with a Outperform rating and assigned a price target of $130 on the stock. KeyBanc Capital Markets started tracking the stock assigning a Sector Weight rating. Loop Capital initiated its recommendation with a Buy and recommended $170 as its price target on April 19, 2024. MoffettNathanson upgraded its rating to Buy for this stock on April 11, 2024, and upped its price target to $164. In a note dated April 04, 2024, The Benchmark Company initiated an Buy rating and provided a target price of $165 on this stock.
DoorDash Inc [DASH] stock has fluctuated between $69.90 and $143.34 over the past year. Currently, Wall Street analysts expect the stock to reach $120.16 within the next 12 months. DoorDash Inc [NASDAQ: DASH] shares were valued at $110.72 at the most recent close of the market. An investor can expect a potential return of 8.53% based on the average DASH price forecast.
Analyzing the DASH fundamentals
DoorDash Inc [NASDAQ:DASH] reported sales of 9.11B for the trailing twelve months, which represents a growth of 23.49%. Gross Profit Margin for this corporation currently stands at 0.47% with Operating Profit Margin at -0.05%, Pretax Profit Margin comes in at -0.04%, and Net Profit Margin reading is -0.05%. To continue investigating profitability, this company’s Return on Assets is posted at -0.04, Equity is -0.06 and Total Capital is -0.06. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.08.
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 109.05 points at the first support level, and at 107.39 for the second support level. However, for the 1st resistance point, the stock is sitting at 112.05, and for the 2nd resistance point, it is at 113.39.
Ratios To Look Out For
For context, DoorDash Inc’s Current Ratio is 1.62. On the other hand, the Quick Ratio is 1.62, and the Cash Ratio is 0.83. Considering the valuation of this stock, the price to sales ratio is 4.97, the price to book ratio is 6.46.
Transactions by insiders
Recent insider trading involved Xu Tony, CHIEF EXECUTIVE OFFICER, that happened on Jul 15 ’24 when 54166.0 shares were sold. Director, Fang Andy completed a deal on Jul 12 ’24 to sell 50000.0 shares. Meanwhile, Director Fang Andy sold 50000.0 shares on Jul 11 ’24.
