DoorDash Inc (NASDAQ: DASH)’s stock price has gone rise by 1.05 in comparison to its previous close of 177.24, however, the company has experienced a 3.69% increase in its stock price over the last five trading days. pymnts.com reported 2024-11-25 that DoorDash is adding new grocers to its list of supermarket delivery partners. The delivery platform will be working with five new grocers, according to a Monday (Nov. 25) press release.
Is It Worth Investing in DoorDash Inc (NASDAQ: DASH) Right Now?
Moreover, the 36-month beta value for DASH is 1.69. Analysts have varying opinions on the stock, with 22 analysts rating it as a “buy,” 9 as “overweight,” 16 as “hold,” and 0 as “sell.”
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The public float for DASH is 321.59M and currently, short sellers hold a 3.48% of that float. On November 26, 2024, DASH’s average trading volume was 3.05M shares.
DASH’s Market Performance
DASH stock saw an increase of 3.69% in the past week, with a monthly gain of 16.39% and a quarterly increase of 39.40%. The volatility ratio for the week is 3.19%, and the volatility levels for the last 30 days are 2.90% for DoorDash Inc (DASH). The simple moving average for the last 20 days is 6.22% for DASH’s stock, with a simple moving average of 38.21% 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 15.88% 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 able to rebound, for now settling with 0.53% of gains for the given period.
Volatility was left at 2.90%, however, over the last 30 days, the volatility rate increased by 3.19%, as shares surge +16.78% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +36.85% upper at present.
During the last 5 trading sessions, DASH rose by +3.69%, which changed the moving average for the period of 200-days by +50.11% in comparison to the 20-day moving average, which settled at $168.61. In addition, DoorDash Inc saw 81.11% 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 PRABIR ADARKAR, who proposed sale 77,974 shares at the price of $177.24 back on Nov 25 ’24. After this action, PRABIR ADARKAR now owns shares of DoorDash Inc, valued at $13,820,112 using the latest closing price.
KEITH YANDELL, the Officer of DoorDash Inc, proposed sale 5,509 shares at $173.17 during a trade that took place back on Nov 22 ’24, which means that KEITH YANDELL is holding shares at $953,994 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 7.02. 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
To wrap up, the performance of DoorDash Inc (DASH) has been better in recent times. The stock has received a bullish of “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
