DoorDash Inc (NASDAQ: DASH)’s stock price has gone rise by 1.95 in comparison to its previous close of 169.43, however, the company has experienced a -1.27% decrease in its stock price over the last five trading days. techcrunch.com reported 2024-11-18 that While online grocery shopping is generally convenient, manually adding items to your cart one by one can become a bit of a chore. To address this, food and grocery shopping app DoorDash has launched a new feature that allows you to sync your grocery list to the app.
Is It Worth Investing in DoorDash Inc (NASDAQ: DASH) Right Now?
The 36-month beta value for DASH is at 1.68. Analysts have varying views on the stock, with 17 analysts rating it as a “buy,” 9 rating it as “overweight,” 16 as “hold,” and 0 as “sell.”
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The public float for DASH is 321.63M, and currently, shorts hold a 3.48% of that float. The average trading volume for DASH on November 19, 2024 was 3.05M shares.
DASH’s Market Performance
DASH’s stock has seen a -1.27% decrease for the week, with a 13.65% rise in the past month and a 35.43% gain in the past quarter. The volatility ratio for the week is 2.43%, and the volatility levels for the past 30 days are at 2.53% for DoorDash Inc The simple moving average for the last 20 days is 6.03% for DASH’s stock, with a simple moving average of 34.88% for the last 200 days.
Analysts’ Opinion of DASH
Many brokerage firms have already submitted their reports for DASH stocks, with Keefe Bruyette repeating the rating for DASH by listing it as a “Outperform.” The predicted price for DASH in the upcoming period, according to Keefe Bruyette is $177 based on the research report published on September 25, 2024 of the current year 2024.
Raymond James, on the other hand, stated in their research note that they expect to see DASH reach a price target of $155. The rating they have provided for DASH stocks is “Outperform” according to the report published on September 24th, 2024.
BTIG Research gave a rating of “Buy” to DASH, setting the target price at $155 in the report published on September 19th of the current year.
DASH Trading at 15.18% 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 -3.05% of loss for the given period.
Volatility was left at 2.53%, however, over the last 30 days, the volatility rate increased by 2.43%, as shares surge +12.98% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +38.62% upper at present.
During the last 5 trading sessions, DASH fell by -1.27%, which changed the moving average for the period of 200-days by +57.74% in comparison to the 20-day moving average, which settled at $162.91. In addition, DoorDash Inc saw 74.67% 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 50,000 shares at the price of $174.66 back on Nov 14 ’24. After this action, Fang Andy now owns 0 shares of DoorDash Inc, valued at $8,733,008 using the latest closing price.
Fang Andy, the Director of DoorDash Inc, sale 50,000 shares at $170.26 during a trade that took place back on Nov 15 ’24, which means that Fang Andy is holding 0 shares at $8,512,831 based on the most recent closing price.
Stock Fundamentals for DASH
Current profitability levels for the company are sitting at:
- -0.02 for the present operating margin
- 0.46 for the gross margin
The net margin for DoorDash Inc stands at -0.02. The total capital return value is set at -0.03. Equity return is now at value -2.43, with -1.54 for asset returns.
Based on DoorDash Inc (DASH), the company’s capital structure generated 0.01 points at debt to capital in total, while cash flow to debt ratio is standing at 31.8. The debt to equity ratio resting at 0.01. The interest coverage ratio of the stock is -1.6.
Currently, EBITDA for the company is -25.0 million with net debt to EBITDA at -10.24. When we switch over and look at the enterprise to sales, we see a ratio of 6.76. The receivables turnover for the company is 16.32for trailing twelve months and the total asset turnover is 0.83. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.64.
Conclusion
In conclusion, DoorDash Inc (DASH) 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.
