At the time of writing, Doximity Inc [DOCS] stock is trading at $52.19, down -0.97%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The DOCS shares have lost -0.67% over the last week, with a monthly amount drifted -0.04%, and not 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 December 04, 2024, when Mizuho initiated its Neutral rating and assigned the stock a price target of $55. Previously, Goldman started tracking the stock with Neutral rating on November 15, 2024, and set its price target to $58. On November 14, 2024, upgrade upgraded it’s rating to Equal-Weight and revised its price target to $53 on the stock. Canaccord Genuity downgraded its rating to a Hold and increased its price target to $60 on November 13, 2024. Wells Fargo upgraded its rating to a Equal Weight and raised its price target to $41 on November 08, 2024. KeyBanc Capital Markets upgraded its rating to Overweight for this stock on November 08, 2024, but kept the price target unchanged to $70. In a note dated October 15, 2024, Barclays upgraded an Overweight rating on this stock and boosted its target price from $35 to $52.
For the past year, the stock price of Doximity Inc fluctuated between $22.96 and $61.75. Currently, Wall Street analysts expect the stock to reach $53.38 within the next 12 months. Doximity Inc [NYSE: DOCS] shares were valued at $52.19 at the most recent close of the market. An investor can expect a potential return of 2.28% based on the average DOCS price forecast.
Analyzing the DOCS fundamentals
According to Doximity Inc [NYSE:DOCS], the company’s sales were 516.85M for trailing twelve months, which represents an 20.44% jump. Gross Profit Margin for this corporation currently stands at 0.9% with Operating Profit Margin at 0.39%, Pretax Profit Margin comes in at 0.44%, and Net Profit Margin reading is 0.34%. To continue investigating profitability, this company’s Return on Assets is posted at 0.16, Equity is 0.19 and Total Capital is 0.2. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.01.
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 51.14 points at the first support level, and at 50.10 for the second support level. However, for the 1st resistance point, the stock is sitting at 53.93, and for the 2nd resistance point, it is at 55.68.
Ratios To Look Out For
It is important to note that Doximity Inc [NYSE:DOCS] has a current ratio of 7.21. Also, the Quick Ratio is 7.21, while the Cash Ratio stands at 1.39. Considering the valuation of this stock, the price to sales ratio is 18.85, the price to book ratio is 10.14 and price to earnings (TTM) ratio is 60.04.
Transactions by insiders
Recent insider trading involved Bryson Anna, Chief Financial Officer, that happened on Nov 12 ’24 when 100000.0 shares were sold. Officer, Bryson Anna completed a deal on Nov 12 ’24 to buy 70000.0 shares. Meanwhile, Officer ANNA COLLINS BRYSON bought 30000.0 shares on Nov 12 ’24.
