DocGo Inc (DCGO) shares projected to rise by 94.88%

DocGo Inc [DCGO] stock is trading at $4.49, up 4.66%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The DCGO shares have gain 8.98% over the last week, with a monthly amount glided 7.42%, and seem to be holding up well over a long-time horizon.

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From an analyst’s perspective:

DocGo Inc [NASDAQ: DCGO] stock has seen the most recent analyst activity on August 18, 2023, when BTIG Research initiated its Buy rating and assigned the stock a price target of $15. Previously, Cantor Fitzgerald started tracking the stock with Overweight rating on April 21, 2023, and set its price target to $11. On April 19, 2022, Deutsche Bank initiated with a Buy rating and assigned a price target of $11 on the stock. Stifel started tracking the stock assigning a Buy rating and suggested a price target of $14 on January 19, 2022. Canaccord Genuity initiated its recommendation with a Buy and recommended $13 as its price target on December 21, 2021. Needham started tracking with a Buy rating for this stock on December 07, 2021, and assigned it a price target of $14.

DocGo Inc [DCGO] stock has fluctuated between $2.75 and $5.70 over the past year. Currently, Wall Street analysts expect the stock to reach $8.75 within the next 12 months. DocGo Inc [NASDAQ: DCGO] shares were valued at $4.49 at the most recent close of the market. An investor can expect a potential return of 94.88% based on the average DCGO price forecast.

Analyzing the DCGO fundamentals

DocGo Inc [NASDAQ:DCGO] reported sales of 694.97M for the trailing twelve months, which represents a drop of -25.66%. Gross Profit Margin for this corporation currently stands at 0.33% with Operating Profit Margin at 0.07%, Pretax Profit Margin comes in at 0.07%, and Net Profit Margin reading is 0.04%. To continue investigating profitability, this company’s Return on Assets is posted at 0.06, Equity is 0.1 and Total Capital is 0.14. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.09.

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 4.34 points at the first support level, and at 4.18 for the second support level. However, for the 1st resistance point, the stock is sitting at 4.57, and for the 2nd resistance point, it is at 4.64.

Ratios To Look Out For

For context, DocGo Inc’s Current Ratio is 2.19. As well, the Quick Ratio is 2.19, while the Cash Ratio is 0.6. Considering the valuation of this stock, the price to sales ratio is 0.68, the price to book ratio is 1.41 and price to earnings (TTM) ratio is 15.51.

Transactions by insiders

Recent insider trading involved Tendler Ely D, General Counsel and Secretary, that happened on Dec 16 ’24 when 23088.0 shares were sold. Officer, Elyahu Tendler completed a deal on Dec 16 ’24 to buy 23088.0 shares. Meanwhile, Director Burdiek Michael J bought 10000.0 shares on May 14 ’24.

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