The price-to-earnings ratio for Doximity Inc. (NYSE: DOCS) is above average at 58.98x. There are mixed opinions on the stock, with 7 analysts rating it as a “buy,” 2 rating it as “overweight,” 5 rating it as “hold,” and 2 rating it as “sell.”
The average price estimated by analysts for DOCS is $36.85, which is $5.72 above than the current price. The public float for DOCS is 115.66M, and at present, short sellers hold a 10.24% of that float. The average trading volume of DOCS on May 26, 2023 was 1.43M shares.
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DOCS) stock’s latest price update
Doximity Inc. (NYSE: DOCS)’s stock price has increased by 0.58 compared to its previous closing price of 31.02. However, the company has seen a -6.33% decrease in its stock price over the last five trading sessions. Barron’s reported on 11/11/22 that Doximity Stock Jumps After Earnings, Stock Buyback News
DOCS’s Market Performance
DOCS’s stock has fallen by -6.33% in the past week, with a monthly drop of -12.36% and a quarterly drop of -4.96%. The volatility ratio for the week is 3.67% while the volatility levels for the last 30 days are 3.82% for Doximity Inc. The simple moving average for the past 20 days is -7.48% for DOCS’s stock, with a -4.05% simple moving average for the past 200 days.
DOCS Trading at -6.65% 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 -34.26% of loss for the given period.
Volatility was left at 3.82%, however, over the last 30 days, the volatility rate increased by 3.67%, as shares sank -14.31% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +1.96% upper at present.
During the last 5 trading sessions, DOCS fell by -6.33%, which changed the moving average for the period of 200-days by -14.50% in comparison to the 20-day moving average, which settled at $33.46. In addition, Doximity Inc. saw -7.03% 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 Cabral Timothy S, who sale 7,500 shares at the price of $35.00 back on Apr 11. After this action, Cabral Timothy S now owns 4,714 shares of Doximity Inc., valued at $262,500 using the latest closing price.
Cabral Timothy S, the Director of Doximity Inc., sale 10,000 shares at $32.00 during a trade that took place back on Apr 03, which means that Cabral Timothy S is holding 4,714 shares at $319,955 based on the most recent closing price.
Stock Fundamentals for DOCS
Current profitability levels for the company are sitting at:
- +29.86 for the present operating margin
- +87.24 for the gross margin
The net margin for Doximity Inc. stands at +26.92. Equity return is now at value 15.80, with 13.70 for asset returns.
The liquidity ratio also appears to be rather interesting for investors as it stands at 6.96.
Conclusion
In summary, Doximity Inc. (DOCS) has had a bad performance as of late. Analysts have bullish opinions on the stock, with some viewing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
