Doximity Inc [DOCS] stock is trading at $57.13, up 3.22%. 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 gain 2.90% over the last week, with a monthly amount drifted -1.96%, and not seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Doximity Inc [NYSE: DOCS] stock has seen the most recent analyst activity on December 20, 2024, when Stephens initiated its Equal-Weight rating and assigned the stock a price target of $55. Previously, Mizuho started tracking the stock with Neutral rating on December 04, 2024, and set its price target to $55. On November 15, 2024, Goldman initiated with a Neutral rating and assigned a price target of $58 on the stock. Morgan Stanley upgraded its rating to a Equal-Weight and increased its price target to $53 on November 14, 2024. Canaccord Genuity downgraded its rating to a Hold and raised its price target to $60 on November 13, 2024. Wells Fargo upgraded its rating to Equal Weight for this stock on November 08, 2024, and upped its price target to $41. In a note dated November 08, 2024, KeyBanc Capital Markets upgraded an Overweight rating on this stock but restated the target price of $70.
Doximity Inc [DOCS] stock has fluctuated between $22.96 and $61.75 over the past year. Currently, Wall Street analysts expect the stock to reach $53 within the next 12 months. Doximity Inc [NYSE: DOCS] shares were valued at $57.13 at the most recent close of the market. An investor can expect a potential drop of -7.23% based on the average DOCS price forecast.
Analyzing the DOCS fundamentals
Doximity Inc [NYSE:DOCS] reported sales of 516.85M for the trailing twelve months, which represents a growth of 20.44%. 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. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.01.
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 55.77 points at the first support level, and at 54.41 for the second support level. However, for the 1st resistance point, the stock is sitting at 57.98, and for the 2nd resistance point, it is at 58.83.
Ratios To Look Out For
For context, Doximity Inc’s Current Ratio is 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 20.64, the price to book ratio is 11.10 and price to earnings (TTM) ratio is 65.73.
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.
