At the time of writing, DoorDash Inc [DASH] stock is trading at $139.51, down -0.15%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The DASH shares have gain 6.60% over the last week, with a monthly amount glided 8.32%, 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 September 19, 2024, when BTIG Research upgraded its rating to a Buy but kept the price target unchanged to $155 for it. Previously, Cantor Fitzgerald started tracking the stock with Overweight rating on September 05, 2024, and set its price target to $160. On July 26, 2024, Redburn Atlantic initiated with a Buy rating and assigned a price target of $170 on the stock. Argus started tracking the stock assigning a Hold rating. Wolfe Research initiated its recommendation with a Outperform and recommended $130 as its price target on July 16, 2024. In a note dated April 19, 2024, Loop Capital initiated an Buy rating and provided a target price of $170 on this stock.
For the past year, the stock price of DoorDash Inc fluctuated between $69.90 and $143.34. Currently, Wall Street analysts expect the stock to reach $135.15 within the next 12 months. DoorDash Inc [NASDAQ: DASH] shares were valued at $139.51 at the most recent close of the market. An investor can expect a potential drop of -3.13% based on the average DASH price forecast.
Analyzing the DASH fundamentals
According to DoorDash Inc [NASDAQ:DASH], the company’s sales were 9.61B for trailing twelve months, which represents an 23.30% jump. 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 138.59 points at the first support level, and at 137.66 for the second support level. However, for the 1st resistance point, the stock is sitting at 140.56, and for the 2nd resistance point, it is at 141.60.
Ratios To Look Out For
It is important to note that DoorDash Inc [NASDAQ:DASH] has a current ratio of 1.63. As well, the Quick Ratio is 1.63, while the Cash Ratio is 0.85. Considering the valuation of this stock, the price to sales ratio is 5.97, the price to book ratio is 8.05.
Transactions by insiders
Recent insider trading involved TONY XU, Director, that happened on Sep 23 ’24 when 0.22 million shares were purchased. Director, Fang Andy completed a deal on Sep 16 ’24 to sell 25000.0 shares. Meanwhile, CHIEF EXECUTIVE OFFICER Xu Tony sold 54166.0 shares on Sep 16 ’24.
