At the time of writing, Doximity Inc [DOCS] stock is trading at $44.34, up 2.59%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The DOCS shares have gain 2.64% over the last week, with a monthly amount glided 20.06%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Doximity Inc [NYSE: DOCS] stock has seen the most recent analyst activity on August 09, 2024, when Needham upgraded its rating to a Buy but kept the price target unchanged to $38 for it. Previously, Wells Fargo downgraded its rating to Underweight on July 18, 2024, and dropped its price target to $19. On April 25, 2024, upgrade upgraded it’s rating to Neutral but maintained its price target of $25 on the stock. Leerink Partners started tracking the stock assigning a Market Perform rating and suggested a price target of $32 on February 26, 2024. Barclays initiated its recommendation with a Equal Weight and recommended $31 as its price target on January 03, 2024. BofA Securities upgraded its rating to Neutral for this stock on January 02, 2024, and upped its price target to $29. In a note dated August 09, 2023, Needham downgraded an Hold rating on this stock.
For the past year, the stock price of Doximity Inc fluctuated between $19.89 and $44.88. Currently, Wall Street analysts expect the stock to reach $36.29 within the next 12 months. Doximity Inc [NYSE: DOCS] shares were valued at $44.34 at the most recent close of the market. An investor can expect a potential drop of -18.16% based on the average DOCS price forecast.
Analyzing the DOCS fundamentals
According to Doximity Inc [NYSE:DOCS], the company’s sales were 493.63M for trailing twelve months, which represents an 16.79% jump. Gross Profit Margin for this corporation currently stands at 0.9% with Operating Profit Margin at 0.37%, Pretax Profit Margin comes in at 0.41%, and Net Profit Margin reading is 0.33%. To continue investigating profitability, this company’s Return on Assets is posted at 0.15, Equity is 0.18 and Total Capital is 0.19. 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 43.31 points at the first support level, and at 42.28 for the second support level. However, for the 1st resistance point, the stock is sitting at 45.07, and for the 2nd resistance point, it is at 45.80.
Ratios To Look Out For
It is important to note that Doximity Inc [NYSE:DOCS] has a current ratio of 6.69. As well, the Quick Ratio is 6.69, while the Cash Ratio is 0.82. Considering the valuation of this stock, the price to sales ratio is 16.68, the price to book ratio is 9.01 and price to earnings (TTM) ratio is 55.75.
Transactions by insiders
Recent insider trading involved Wampler Kira Scherer, Director, that happened on Oct 01 ’24 when 2500.0 shares were sold. Director, KIRA WAMPLER completed a deal on Oct 01 ’24 to buy 2500.0 shares. Meanwhile, Director Wampler Kira Scherer sold 2500.0 shares on Sep 03 ’24.
