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Is Doximity Inc. (DOCS) a Keeper?

Doximity Inc. (NYSE:DOCS) went up by 2.04% from its latest closing price compared to the recent 1-year high of $91.25. The company’s stock price has collected -6.37% of loss in the last five trading sessions.

Is It Worth Investing in Doximity Inc. (NYSE :DOCS) Right Now?

Doximity Inc. (NYSE:DOCS) scored a price-to-earnings ratio above its average ratio, recording 44.65 x from its present earnings ratio. Opinions of the stock are interesting as 9 analysts out of 15 who provided ratings for Doximity Inc. declared the stock was a “buy,” while 2 rated the stock as “overweight,” 3 rated it as “hold,” and 0 as “sell.”

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The average price from analysts is $41.92, which is $10.04 above the current price. DOCS currently public float of 107.83M and currently shorts hold a 15.49% ratio of that float. Today, the average trading volume of DOCS was 1.92M shares.

DOCS’s Market Performance

DOCS stocks went down by -6.37% for the week, with a monthly drop of -5.11% and a quarterly performance of -13.88%, while its annual performance rate touched -64.35%. The volatility ratio for the week stands at 3.99% while the volatility levels for the past 30 days are set at 3.90% for Doximity Inc. The simple moving average for the period of the last 20 days is -5.44% for DOCS stocks with a simple moving average of -28.90% for the last 200 days.

Analysts’ Opinion of DOCS

Truist, on the other hand, stated in their research note that they expect to see DOCS reach a price target of $35. The rating they have provided for DOCS stocks is “Hold” according to the report published on September 07th, 2022.

BofA Securities gave a rating of “Underperform” to DOCS, setting the target price at $29 in the report published on August 05th of the current year.

DOCS Trading at -16.57% from the 50-Day Moving Average

After a stumble in the market that brought DOCS to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -65.99% of loss for the given period.

Volatility was left at 3.90%, however, over the last 30 days, the volatility rate increased by 3.99%, as shares sank -5.97% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -25.34% lower at present.

During the last 5 trading sessions, DOCS fell by -6.37%, which changed the moving average for the period of 200-days by -48.16% in comparison to the 20-day moving average, which settled at $32.72. In addition, Doximity Inc. saw -38.10% in overturn over a single year, with a tendency to cut further losses.

Insider Trading

Reports are indicating that there were more than several insider trading activities at DOCS starting from Tangney Jeffrey, who purchase 2,950 shares at the price of $34.50 back on May 27. After this action, Tangney Jeffrey now owns 252,950 shares of Doximity Inc., valued at $101,775 using the latest closing price.

Jorgensen Paul W., the Chief Revenue Officer of Doximity Inc., purchase 15,000 shares at $32.19 during a trade that took place back on May 20, which means that Jorgensen Paul W. is holding 197,676 shares at $482,864 based on the most recent closing price.

Stock Fundamentals for DOCS

Current profitability levels for the company are sitting at:

  • +33.05 for the present operating margin
  • +88.42 for the gross margin

The net margin for Doximity Inc. stands at +38.79.

The liquidity ratio also appears to be rather interesting for investors as it stands at 8.08.

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