The 36-month beta value for DASH is at 1.78. Analysts have varying views on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for DASH is 288.06M, and currently, shorts hold a 3.92% of that float. The average trading volume for DASH on April 10, 2024 was 3.72M shares.
DASH) stock’s latest price update
DoorDash Inc (NASDAQ: DASH) has seen a decline in its stock price by -0.48 in relation to its previous close of 137.43. However, the company has experienced a -0.53% decline in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-04-09 that DoorDash (DASH) has seen solid earnings estimate revision activity over the past month, and belongs to a strong industry as well.
DASH’s Market Performance
DoorDash Inc (DASH) has experienced a -0.53% fall in stock performance for the past week, with a 3.77% rise in the past month, and a 38.82% rise in the past quarter. The volatility ratio for the week is 3.76%, and the volatility levels for the past 30 days are at 2.96% for DASH. The simple moving average for the past 20 days is 1.02% for DASH’s stock, with a 42.16% simple moving average for the past 200 days.
Analysts’ Opinion of DASH
Many brokerage firms have already submitted their reports for DASH stocks, with The Benchmark Company repeating the rating for DASH by listing it as a “Buy.” The predicted price for DASH in the upcoming period, according to The Benchmark Company is $165 based on the research report published on April 04, 2024 of the current year 2024.
Piper Sandler, on the other hand, stated in their research note that they expect to see DASH reach a price target of $127, previously predicting the price at $53. The rating they have provided for DASH stocks is “Neutral” according to the report published on March 15th, 2024.
RBC Capital Mkts gave a rating of “Outperform” to DASH, setting the target price at $175 in the report published on March 04th of the current year.
DASH Trading at 8.99% 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 -4.58% of loss for the given period.
Volatility was left at 2.96%, however, over the last 30 days, the volatility rate increased by 3.76%, as shares surge +6.21% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +26.36% upper at present.
During the last 5 trading sessions, DASH fell by -0.53%, which changed the moving average for the period of 200-days by +87.95% in comparison to the 20-day moving average, which settled at $135.79. In addition, DoorDash Inc saw 38.31% 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 Brown Shona L, who sale 700 shares at the price of $141.60 back on Apr 04 ’24. After this action, Brown Shona L now owns 70,111 shares of DoorDash Inc, valued at $99,120 using the latest closing price.
Fang Andy, the Director of DoorDash Inc, sale 67,000 shares at $138.36 during a trade that took place back on Apr 01 ’24, which means that Fang Andy is holding 36,482 shares at $9,269,921 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 6.15. 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 conclusion, DoorDash Inc (DASH) has had a better performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others 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.
