In the journey to outperform the market, investors delve into the art of stock selection. Choosing the right stocks can be a powerful driver for wealth accumulation.
Doximity Inc (NYSE: DOCS) closed the day trading at $23.76 down -0.50% from the previous closing price of $23.88. In other words, the price has decreased by -$0.50 from its previous closing price. On the day, 1.2 million shares were traded. DOCS stock price reached its highest trading level at $24.16 during the session, while it also had its lowest trading level at $23.6.
Ratios:
For a better understanding of DOCS, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 6.24 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 26.69. For the most recent quarter (mrq), Quick Ratio is recorded 7.97 and its Current Ratio is at 7.97. In the meantime, Its Debt-to-Equity ratio is 0.02 whereas as Long-Term Debt/Eq ratio is at 0.01.
On February 26, 2024, Leerink Partners started tracking the stock assigning a Market Perform rating and target price of $32.
On January 03, 2024, Barclays started tracking the stock assigning a Equal Weight rating and target price of $31.Barclays initiated its Equal Weight rating on January 03, 2024, with a $31 target price.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Apr 01 ’24 when Wampler Kira Scherer sold 2,500 shares for $26.97 per share. The transaction valued at 67,425 led to the insider holds 10,258 shares of the business.
Wampler Kira Scherer sold 2,500 shares of DOCS for $69,700 on Mar 01 ’24. The Director now owns 10,258 shares after completing the transaction at $27.88 per share. On Feb 16 ’24, another insider, Overpeck Craig, who serves as the insider of the company, sold 1,500 shares for $30.02 each. As a result, the insider received 45,030 and left with 112,971 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, DOCS now has a Market Capitalization of 4454904832 and an Enterprise Value of 3737335040. As of this moment, Doximity’s Price-to-Earnings (P/E) ratio for their current fiscal year is 35.80, and their Forward P/E ratio for the next fiscal year is 25.03. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 3.39. For the stock, the TTM Price-to-Sale (P/S) ratio is 9.46 while its Price-to-Book (P/B) ratio in mrq is 5.12. Its current Enterprise Value per Revenue stands at 7.98 whereas that against EBITDA is 21.997.
Stock Price History:
Over the past 52 weeks, DOCS has reached a high of $36.29, while it has fallen to a 52-week low of $19.71. The 50-Day Moving Average of the stock is -9.44%, while the 200-Day Moving Average is calculated to be -7.43%.
Shares Statistics:
Over the past 3-months, DOCS traded about 1.56M shares per day on average, while over the past 10 days, DOCS traded about 1125070 shares per day. A total of 120.68M shares are outstanding, with a floating share count of 117.86M. Insiders hold about 36.83% of the company’s shares, while institutions hold 52.25% stake in the company. Shares short for DOCS as of 1713139200 were 8042224 with a Short Ratio of 5.15, compared to 1710460800 on 7651117. Therefore, it implies a Short% of Shares Outstanding of 8042224 and a Short% of Float of 7.66.
