Doximity Inc’s Market Journey: Closing Strong at 55.18, Up 5.73

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The closing price of Doximity Inc (NYSE: DOCS) was $55.18 for the day, up 5.73% from the previous closing price of $52.19. In other words, the price has increased by $5.73 from its previous closing price. On the day, 3.12 million shares were traded. DOCS stock price reached its highest trading level at $56.0 during the session, while it also had its lowest trading level at $52.26.

Ratios:

Our analysis of DOCS’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 12.79 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 47.39. 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, Mizuho on December 04, 2024, initiated with a Neutral rating and assigned the stock a target price of $55.

On November 15, 2024, Goldman started tracking the stock assigning a Neutral rating and target price of $58.

Morgan Stanley Upgraded its Underweight to Equal-Weight on November 14, 2024, whereas the target price for the stock was revised from $33 to $53.

Insider Transactions:

Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. 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 10301664256 and an Enterprise Value of 9509583872. As of this moment, Doximity’s Price-to-Earnings (P/E) ratio for their current fiscal year is 63.48, and their Forward P/E ratio for the next fiscal year is 43.67. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 4.43. For the stock, the TTM Price-to-Sale (P/S) ratio is 19.93 while its Price-to-Book (P/B) ratio in mrq is 10.72. Its current Enterprise Value per Revenue stands at 18.399 whereas that against EBITDA is 45.743.

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 13.50%, while the 200-Day Moving Average is calculated to be 58.19%.

Shares Statistics:

DOCS traded an average of 1.83M shares per day over the past three months and 1598720 shares per day over the past ten days. A total of 128.22M shares are outstanding, with a floating share count of 123.70M. Insiders hold about 33.74% of the company’s shares, while institutions hold 61.57% stake in the company. Shares short for DOCS as of 1732838400 were 7426797 with a Short Ratio of 4.07, compared to 1730332800 on 10905752. Therefore, it implies a Short% of Shares Outstanding of 7426797 and a Short% of Float of 5.9799999999999995.

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