DocGo Inc. (NASDAQ: DCGO)’s stock price has gone decline by -11.76 in comparison to its previous close of 6.46, however, the company has experienced a -19.26% decrease in its stock price over the last five trading days. Zacks Investment Research reported 2023-09-15 that DocGo Inc. (DCGO) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might help the stock continue moving higher in the near term.
Is It Worth Investing in DocGo Inc. (NASDAQ: DCGO) Right Now?
The price-to-earnings ratio for DocGo Inc. (NASDAQ: DCGO) is above average at 103.64x. The 36-month beta value for DCGO is also noteworthy at 0.88. There are mixed opinions on the stock, with 7 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
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The average price estimated by analysts for DCGO is $13.57, which is $7.87 above than the current price. The public float for DCGO is 93.19M, and at present, short sellers hold a 13.40% of that float. The average trading volume of DCGO on September 18, 2023 was 911.21K shares.
DCGO’s Market Performance
DCGO stock saw a decrease of -19.26% in the past week, with a monthly decline of -43.06% and a quarterly a decrease of -39.62%. The volatility ratio for the week is 9.92%, and the volatility levels for the last 30 days are 6.15% for DocGo Inc. (DCGO). The simple moving average for the past 20 days is -29.53% for DCGO’s stock, with a -33.30% simple moving average for the past 200 days.
Analysts’ Opinion of DCGO
Many brokerage firms have already submitted their reports for DCGO stocks, with BTIG Research repeating the rating for DCGO by listing it as a “Buy.” The predicted price for DCGO in the upcoming period, according to BTIG Research is $15 based on the research report published on August 18, 2023 of the current year 2023.
DCGO Trading at -34.70% from the 50-Day Moving Average
After a stumble in the market that brought DCGO to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -50.04% of loss for the given period.
Volatility was left at 6.15%, however, over the last 30 days, the volatility rate increased by 9.92%, as shares sank -39.23% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -31.41% lower at present.
During the last 5 trading sessions, DCGO fell by -19.26%, which changed the moving average for the period of 200-days by -16.54% in comparison to the 20-day moving average, which settled at $7.90. In addition, DocGo Inc. saw -19.38% 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 DCGO starting from Capone Anthony, who sale 2,000 shares at the price of $9.00 back on Sep 01. After this action, Capone Anthony now owns 404,275 shares of DocGo Inc., valued at $18,000 using the latest closing price.
Tendler Ely D, the General Counsel and Secretary of DocGo Inc., sale 10,000 shares at $8.75 during a trade that took place back on Aug 22, which means that Tendler Ely D is holding 23,088 shares at $87,500 based on the most recent closing price.
Stock Fundamentals for DCGO
Current profitability levels for the company are sitting at:
- +5.29 for the present operating margin
- +32.72 for the gross margin
The net margin for DocGo Inc. stands at +7.85. The total capital return value is set at 8.59, while invested capital returns managed to touch 13.35. Equity return is now at value 2.10, with 1.50 for asset returns.
Based on DocGo Inc. (DCGO), the company’s capital structure generated 7.32 points at debt to equity in total, while total debt to capital is 6.82. Total debt to assets is 5.08, with long-term debt to equity ratio resting at 5.19. Finally, the long-term debt to capital ratio is 4.84.
When we switch over and look at the enterprise to sales, we see a ratio of 1.01, with the company’s debt to enterprise value settled at 0.03. The receivables turnover for the company is 4.86 and the total asset turnover is 1.25. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.71.
Conclusion
In summary, DocGo Inc. (DCGO) 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.
