The stock price of Doximity Inc (NYSE: DOCS) has dropped by 0.00 compared to previous close of 26.99. Despite this, the company has seen a fall of -5.27% in its stock price over the last five trading days. Zacks Investment Research reported 2024-03-14 that Investors with an interest in Medical Services stocks have likely encountered both Icon PLC (ICLR) and Doximity (DOCS). But which of these two companies is the best option for those looking for undervalued stocks?
Is It Worth Investing in Doximity Inc (NYSE: DOCS) Right Now?
The price-to-earnings ratio for Doximity Inc (NYSE: DOCS) is above average at 40.67x, Company’s 36-month beta value is 1.18.Analysts have differing opinions on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
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The public float for DOCS is 117.86M, and currently, short sellers hold a 6.49% ratio of that floaft. The average trading volume of DOCS on March 28, 2024 was 1.73M shares.
DOCS’s Market Performance
DOCS’s stock has seen a -5.27% decrease for the week, with a -5.83% drop in the past month and a -4.43% fall in the past quarter. The volatility ratio for the week is 3.12%, and the volatility levels for the past 30 days are at 2.96% for Doximity Inc The simple moving average for the last 20 days is -3.38% for DOCS’s stock, with a simple moving average of 0.34% for the last 200 days.
Analysts’ Opinion of DOCS
Many brokerage firms have already submitted their reports for DOCS stocks, with Leerink Partners repeating the rating for DOCS by listing it as a “Market Perform.” The predicted price for DOCS in the upcoming period, according to Leerink Partners is $32 based on the research report published on February 26, 2024 of the current year 2024.
Barclays, on the other hand, stated in their research note that they expect to see DOCS reach a price target of $31. The rating they have provided for DOCS stocks is “Equal Weight” according to the report published on January 03rd, 2024.
BofA Securities gave a rating of “Neutral” to DOCS, setting the target price at $29 in the report published on January 02nd of the current year.
DOCS Trading at -5.55% 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 -27.25% of loss for the given period.
Volatility was left at 2.96%, however, over the last 30 days, the volatility rate increased by 3.12%, as shares sank -3.40% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -7.92% lower at present.
During the last 5 trading sessions, DOCS fell by -5.27%, which changed the moving average for the period of 200-days by -14.78% in comparison to the 20-day moving average, which settled at $27.89. In addition, Doximity Inc saw -3.74% 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 Wampler Kira Scherer, who sale 2,500 shares at the price of $27.88 back on Mar 01 ’24. After this action, Wampler Kira Scherer now owns 10,258 shares of Doximity Inc, valued at $69,700 using the latest closing price.
Overpeck Craig, the of Doximity Inc, sale 1,500 shares at $30.02 during a trade that took place back on Feb 16 ’24, which means that Overpeck Craig is holding 112,971 shares at $45,030 based on the most recent closing price.
Stock Fundamentals for DOCS
Current profitability levels for the company are sitting at:
- 0.33 for the present operating margin
- 0.89 for the gross margin
The net margin for Doximity Inc stands at 0.29. The total capital return value is set at 0.17. Equity return is now at value 15.34, with 13.31 for asset returns.
Based on Doximity Inc (DOCS), the company’s capital structure generated 0.02 points at debt to capital in total, while cash flow to debt ratio is standing at 11.08. The debt to equity ratio resting at 0.02. The interest coverage ratio of the stock is -39.97.
Currently, EBITDA for the company is 135.39 million with net debt to EBITDA at -0.6. When we switch over and look at the enterprise to sales, we see a ratio of 10.52. The receivables turnover for the company is 4.8for trailing twelve months and the total asset turnover is 0.47. The liquidity ratio also appears to be rather interesting for investors as it stands at 7.97.
Conclusion
In a nutshell, Doximity Inc (DOCS) has experienced a bad performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. 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.
