The 36-month beta value for DASH is also noteworthy at 1.79. There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
The public float for DASH is 288.05M, and at present, short sellers hold a 3.92% of that float. The average trading volume of DASH on April 02, 2024 was 3.81M shares.
DASH) stock’s latest price update
DoorDash Inc (NASDAQ: DASH)’s stock price has increased by 0.38 compared to its previous closing price of 137.72. However, the company has seen a 0.74% increase in its stock price over the last five trading sessions. PYMNTS reported 2024-04-01 that DoorDash has entered the home improvement category with a new partnership with Lowe’s. The on-demand delivery aggregator now offers gardening tools, spring cleaning essentials, do-it-yourself supplies and other products from more than 1,700 of the home improvement retailer’s stores nationwide, DoorDash said in a Monday (April 1) press release.
DASH’s Market Performance
DASH’s stock has risen by 0.74% in the past week, with a monthly rise of 10.98% and a quarterly rise of 37.96%. The volatility ratio for the week is 2.21% while the volatility levels for the last 30 days are 2.78% for DoorDash Inc The simple moving average for the past 20 days is 3.57% for DASH’s stock, with a 46.67% simple moving average for the past 200 days.
Analysts’ Opinion of DASH
Many brokerage firms have already submitted their reports for DASH stocks, with Piper Sandler repeating the rating for DASH by listing it as a “Neutral.” The predicted price for DASH in the upcoming period, according to Piper Sandler is $127 based on the research report published on March 15, 2024 of the current year 2024.
RBC Capital Mkts, on the other hand, stated in their research note that they expect to see DASH reach a price target of $175, previously predicting the price at $130. The rating they have provided for DASH stocks is “Outperform” according to the report published on March 04th, 2024.
Morgan Stanley gave a rating of “Overweight” to DASH, setting the target price at $145 in the report published on February 22nd of the current year.
DASH Trading at 13.61% from the 50-Day Moving Average
After a stumble in the market that brought DASH to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -3.55% of loss for the given period.
Volatility was left at 2.78%, however, over the last 30 days, the volatility rate increased by 2.21%, as shares surge +8.49% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +31.72% upper at present.
During the last 5 trading sessions, DASH rose by +0.74%, which changed the moving average for the period of 200-days by +88.97% in comparison to the 20-day moving average, which settled at $134.02. In addition, DoorDash Inc saw 39.80% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at DASH starting from Fang Andy, who sale 67,000 shares at the price of $139.09 back on Mar 28 ’24. After this action, Fang Andy now owns 36,482 shares of DoorDash Inc, valued at $9,318,897 using the latest closing price.
Inukonda Ravi, the CHIEF FINANCIAL OFFICER of DoorDash Inc, sale 5,000 shares at $138.98 during a trade that took place back on Mar 28 ’24, which means that Inukonda Ravi is holding 391,425 shares at $694,895 based on the most recent closing price.
Stock Fundamentals for DASH
Current profitability levels for the company are sitting at:
- -0.07 for the present operating margin
- 0.47 for the gross margin
The net margin for DoorDash Inc stands at -0.06. The total capital return value is set at -0.08. Equity return is now at value -8.23, with -5.41 for asset returns.
Based on DoorDash Inc (DASH), the company’s capital structure generated 0.07 points at debt to capital in total, while cash flow to debt ratio is standing at 3.2. The debt to equity ratio resting at 0.08. The interest coverage ratio of the stock is -3.8.
Currently, EBITDA for the company is -66.0 million with net debt to EBITDA at 52.05. When we switch over and look at the enterprise to sales, we see a ratio of 6.22. The receivables turnover for the company is 16.2for trailing twelve months and the total asset turnover is 0.8. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.63.
Conclusion
In summary, DoorDash Inc (DASH) has had a better performance as of late. Analysts have mixed opinions on the stock, with some viewing it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
