Doximity Inc (NYSE: DOCS) has a higher price-to-earnings ratio of 50.50x compared to its average ratio, The 36-month beta value for DOCS is at 1.26. Analysts have varying views on the stock, with 3 analysts rating it as a “buy,” 3 rating it as “overweight,” 13 as “hold,” and 2 as “sell.”
The public float for DOCS is 120.81M, and currently, shorts hold a 10.23% of that float. The average trading volume for DOCS on September 18, 2024 was 1.68M shares.
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DOCS) stock’s latest price update
The stock of Doximity Inc (NYSE: DOCS) has increased by 1.83 when compared to last closing price of 39.44. Despite this, the company has experienced a 9.91% gain in its stock price over the last five trading sessions. globenewswire.com reported 2024-09-16 that NEW YORK, Sept. 16, 2024 (GLOBE NEWSWIRE) — Bragar Eagel & Squire, P.C., a nationally recognized shareholder rights law firm, is investigating potential claims against Doximity, Inc. (NYSE: DOCS) on behalf of long-term stockholders following a class action complaint that was filed against Doximity on April 17, 2024 with a Class Period from February 9, 2022, to April 1, 2024. Our investigation concerns whether the board of directors of Doximity have breached their fiduciary duties to the company.
DOCS’s Market Performance
DOCS’s stock has risen by 9.91% in the past week, with a monthly rise of 12.34% and a quarterly rise of 43.02%. The volatility ratio for the week is 2.84% while the volatility levels for the last 30 days are 2.67% for Doximity Inc The simple moving average for the last 20 days is 9.10% for DOCS stock, with a simple moving average of 41.20% for the last 200 days.
Analysts’ Opinion of DOCS
Many brokerage firms have already submitted their reports for DOCS stocks, with Needham repeating the rating for DOCS by listing it as a “Buy.” The predicted price for DOCS in the upcoming period, according to Needham is $38 based on the research report published on August 09, 2024 of the current year 2024.
Wells Fargo, on the other hand, stated in their research note that they expect to see DOCS reach a price target of $19, previously predicting the price at $27. The rating they have provided for DOCS stocks is “Underweight” according to the report published on July 18th, 2024.
JP Morgan gave a rating of “Neutral” to DOCS, setting the target price at $25 in the report published on April 25th of the current year.
DOCS Trading at 24.67% 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 able to rebound, for now settling with 1.03% of gains for the given period.
Volatility was left at 2.67%, however, over the last 30 days, the volatility rate increased by 2.84%, as shares surge +11.46% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +47.76% upper at present.
During the last 5 trading sessions, DOCS rose by +9.91%, which changed the moving average for the period of 200-days by +67.89% in comparison to the 20-day moving average, which settled at $37.02. In addition, Doximity Inc saw 43.22% 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 DOCS starting from Wampler Kira Scherer, who sale 2,500 shares at the price of $36.27 back on Sep 03 ’24. After this action, Wampler Kira Scherer now owns 16,618 shares of Doximity Inc, valued at $90,675 using the latest closing price.
KIRA WAMPLER, the Director of Doximity Inc, proposed sale 2,500 shares at $36.27 during a trade that took place back on Sep 03 ’24, which means that KIRA WAMPLER is holding shares at $90,675 based on the most recent closing price.
Stock Fundamentals for DOCS
Current profitability levels for the company are sitting at:
- 0.37 for the present operating margin
- 0.9 for the gross margin
The net margin for Doximity Inc stands at 0.33. The total capital return value is set at 0.19. Equity return is now at value 16.86, with 14.42 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 12.1.
Currently, EBITDA for the company is 182.08 million with net debt to EBITDA at -0.47. When we switch over and look at the enterprise to sales, we see a ratio of 14.89. The receivables turnover for the company is 3.86for trailing twelve months and the total asset turnover is 0.46. The liquidity ratio also appears to be rather interesting for investors as it stands at 6.69.
Conclusion
In conclusion, Doximity Inc (DOCS) has had a better performance lately. Opinion on the stock among analysts is bullish, 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.
