DoorDash Inc [DASH] stock is trading at $117.23, up 8.35%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The DASH shares have gain 11.92% over the last week, with a monthly amount glided 8.93%, 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 $121.83 within the next 12 months. DoorDash Inc [NASDAQ: DASH] shares were valued at $117.23 at the most recent close of the market. An investor can expect a potential return of 3.92% based on the average DASH price forecast.
Analyzing the DASH fundamentals
DoorDash Inc [NASDAQ:DASH] reported sales of 9.61B for the trailing twelve months, which represents a growth of 23.30%. Gross Profit Margin for this corporation currently stands at 0.45% with Operating Profit Margin at -0.05%, Pretax Profit Margin comes in at -0.04%, and Net Profit Margin reading is -0.04%. To continue investigating profitability, this company’s Return on Assets is posted at -0.03, Equity is -0.06 and Total Capital is -0.06. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.07.
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 114.03 points at the first support level, and at 110.83 for the second support level. However, for the 1st resistance point, the stock is sitting at 120.01, and for the 2nd resistance point, it is at 122.79.
Ratios To Look Out For
For context, DoorDash Inc’s Current Ratio is 1.63. Also, the Quick Ratio is 1.63, while the Cash Ratio stands at 0.85. Considering the valuation of this stock, the price to sales ratio is 4.99, the price to book ratio is 6.76.
Transactions by insiders
Recent insider trading involved PRABIR ADARKAR, Officer, that happened on Aug 01 ’24 when 8000.0 shares were purchased. CHIEF FINANCIAL OFFICER, Inukonda Ravi completed a deal on Jul 30 ’24 to sell 7000.0 shares. Meanwhile, CHIEF EXECUTIVE OFFICER Xu Tony sold 54166.0 shares on Jul 15 ’24.
