Doximity Inc (NYSE: DOCS) has a higher price-to-earnings ratio of 36.11x compared to its average ratio. DOCS has 36-month beta value of 1.18. Analysts have mixed views on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for DOCS is 117.86M, and currently, short sellers hold a 7.75% ratio of that float. The average trading volume of DOCS on April 24, 2024 was 1.68M shares.
DOCS) stock’s latest price update
The stock of Doximity Inc (NYSE: DOCS) has decreased by -2.52 when compared to last closing price of 24.58. Despite this, the company has experienced a -4.88% fall in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-04-11 that Investors interested in stocks from the Medical Services sector have probably already heard of Surgery Partners (SGRY) and Doximity (DOCS). But which of these two companies is the best option for those looking for undervalued stocks?
DOCS’s Market Performance
Doximity Inc (DOCS) has seen a -4.88% fall in stock performance for the week, with a -10.96% decline in the past month and a -19.38% plunge in the past quarter. The volatility ratio for the week is 2.44%, and the volatility levels for the past 30 days are at 2.74% for DOCS. The simple moving average for the past 20 days is -6.96% for DOCS’s stock, with a -8.75% simple moving average for the past 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 -12.47% 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 -35.35% of loss for the given period.
Volatility was left at 2.74%, however, over the last 30 days, the volatility rate increased by 2.44%, as shares sank -11.26% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -21.37% lower at present.
During the last 5 trading sessions, DOCS fell by -4.92%, which changed the moving average for the period of 200-days by -28.74% in comparison to the 20-day moving average, which settled at $25.60. In addition, Doximity Inc saw -14.55% 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 $26.97 back on Apr 01 ’24. After this action, Wampler Kira Scherer now owns 10,258 shares of Doximity Inc, valued at $67,425 using the latest closing price.
Wampler Kira Scherer, the Director of Doximity Inc, sale 2,500 shares at $27.88 during a trade that took place back on Mar 01 ’24, which means that Wampler Kira Scherer is holding 10,258 shares at $69,700 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 9.3. 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
To put it simply, Doximity Inc (DOCS) has had a bad performance in recent times. Analysts have a mixed opinion on the stock, with some rating 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.
