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Doximity Inc (NYSE: DOCS) closed the day trading at $48.75 up 1.14% from the previous closing price of $48.20. In other words, the price has increased by $1.14 from its previous closing price. On the day, 2.75 million shares were traded. DOCS stock price reached its highest trading level at $49.791 during the session, while it also had its lowest trading level at $48.73.
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 11.35 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 42.04. For the most recent quarter (mrq), Quick Ratio is recorded 7.21 and its Current Ratio is at 7.21. In the meantime, Its Debt-to-Equity ratio is 0.01 whereas as Long-Term Debt/Eq ratio is at 0.01.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Goldman on November 15, 2024, initiated with a Neutral rating and assigned the stock a target price of $58.
On November 14, 2024, Morgan Stanley Upgraded its rating to Equal-Weight which previously was Underweight and also upped its target price recommendation from $33 to $53.
Canaccord Genuity Downgraded its Buy to Hold on November 13, 2024, whereas the target price for the stock was revised from $40 to $60.
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 Nov 12 ’24 when Bryson Anna sold 100,000 shares for $58.42 per share. The transaction valued at 5,842,248 led to the insider holds 304,506 shares of the business.
Bryson Anna bought 70,000 shares of DOCS for $4,200,000 on Nov 12 ’24. On Nov 12 ’24, another insider, ANNA COLLINS BRYSON, who serves as the Officer of the company, bought 30,000 shares for $59.29 each.
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 9101235200 and an Enterprise Value of 8206475776. As of this moment, Doximity’s Price-to-Earnings (P/E) ratio for their current fiscal year is 56.09, and their Forward P/E ratio for the next fiscal year is 39.27. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 3.91. For the stock, the TTM Price-to-Sale (P/S) ratio is 17.68 while its Price-to-Book (P/B) ratio in mrq is 9.47. Its current Enterprise Value per Revenue stands at 15.878 whereas that against EBITDA is 39.475.
Stock Price History:
Over the past 52 weeks, DOCS has reached a high of $61.75, while it has fallen to a 52-week low of $22.96. The 50-Day Moving Average of the stock is 8.73%, while the 200-Day Moving Average is calculated to be 48.70%.
Shares Statistics:
Over the past 3-months, DOCS traded about 1.74M shares per day on average, while over the past 10 days, DOCS traded about 3009570 shares per day. A total of 124.10M shares are outstanding, with a floating share count of 123.60M. Insiders hold about 33.80% of the company’s shares, while institutions hold 61.05% stake in the company. Shares short for DOCS as of 1730332800 were 10905752 with a Short Ratio of 6.27, compared to 1727654400 on 10477325. Therefore, it implies a Short% of Shares Outstanding of 10905752 and a Short% of Float of 8.7799996.
