The stock of Doximity Inc (DOCS) has gone up by 3.87% for the week, with a 21.14% rise in the past month and a 64.92% rise in the past quarter. The volatility ratio for the week is 2.34%, and the volatility levels for the past 30 days are 2.43% for DOCS. The simple moving average for the past 20 days is 9.52% for DOCS’s stock, with a 47.88% simple moving average for the past 200 days.
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 54.68x. The 36-month beta value for DOCS is also noteworthy at 1.29. There are mixed opinions on the stock, with 3 analysts rating it as a “buy,” 3 rating it as “overweight,” 11 rating it as “hold,” and 2 rating it as “sell.”
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The public float for DOCS is 120.81M, and at present, short sellers hold a 10.04% of that float. The average trading volume of DOCS on October 03, 2024 was 1.74M shares.
DOCS) stock’s latest price update
Doximity Inc (NYSE: DOCS) has experienced a rise in its stock price by 0.67 compared to its previous closing price of 43.20. However, the company has seen a gain of 3.87% in its stock price over the last five trading days. globenewswire.com reported 2024-09-25 that NEW YORK, Sept. 25, 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.
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 23.40% 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 -1.14% of loss for the given period.
Volatility was left at 2.43%, however, over the last 30 days, the volatility rate increased by 2.34%, as shares surge +20.24% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +54.06% upper at present.
During the last 5 trading sessions, DOCS rose by +3.87%, which changed the moving average for the period of 200-days by +64.11% in comparison to the 20-day moving average, which settled at $40.07. In addition, Doximity Inc saw 55.10% 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 $43.44 back on Oct 01 ’24. After this action, Wampler Kira Scherer now owns 16,618 shares of Doximity Inc, valued at $108,600 using the latest closing price.
KIRA WAMPLER, the Director of Doximity Inc, proposed sale 2,500 shares at $43.44 during a trade that took place back on Oct 01 ’24, which means that KIRA WAMPLER is holding shares at $108,600 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 16.16. 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 summary, Doximity Inc (DOCS) has had a better performance as of late. Analysts have bullish 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.
