DoorDash Inc (DASH) Stock Down -1.02%: Latest Performance Analysis

DoorDash Inc [DASH] stock is trading at $142.12, down -1.02%. 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 lost -0.63% over the last week, with a monthly amount glided 13.32%, 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 25, 2024, when Keefe Bruyette upgraded its rating to a Outperform but kept the price target unchanged to $177 for it. On September 19, 2024, upgrade upgraded it’s rating to Buy but maintained its price target of $155 on the stock. Cantor Fitzgerald started tracking the stock assigning a Overweight rating and suggested a price target of $160 on September 05, 2024. Redburn Atlantic initiated its recommendation with a Buy and recommended $170 as its price target on July 26, 2024. In a note dated July 16, 2024, Wolfe Research initiated an Outperform rating and provided a target price of $130 on this stock.

DoorDash Inc [DASH] stock has fluctuated between $69.90 and $146.36 over the past year. Currently, Wall Street analysts expect the stock to reach $136.64 within the next 12 months. DoorDash Inc [NASDAQ: DASH] shares were valued at $142.12 at the most recent close of the market. An investor can expect a potential drop of -3.86% 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 140.72 points at the first support level, and at 139.31 for the second support level. However, for the 1st resistance point, the stock is sitting at 143.43, and for the 2nd resistance point, it is at 144.73.

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 6.09, the price to book ratio is 8.20.

Transactions by insiders

Recent insider trading involved Tang Stanley, Director, that happened on Oct 01 ’24 when 50000.0 shares were sold. CHIEF EXECUTIVE OFFICER, Xu Tony completed a deal on Oct 01 ’24 to sell 81249.0 shares. Meanwhile, CHIEF FINANCIAL OFFICER Inukonda Ravi sold 7000.0 shares on Sep 30 ’24.

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