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The closing price of Doximity Inc (NYSE: DOCS) was $42.16 for the day, up 0.50% from the previous closing price of $41.95. In other words, the price has increased by $0.50 from its previous closing price. On the day, 1.06 million shares were traded. DOCS stock price reached its highest trading level at $42.53 during the session, while it also had its lowest trading level at $41.62.
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 10.43 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 48.26. For the most recent quarter (mrq), Quick Ratio is recorded 6.69 and its Current Ratio is at 6.69. In the meantime, Its Debt-to-Equity ratio is 0.02 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 the company, Barclays on October 15, 2024, Upgraded its rating to Overweight and sets its target price to $52 from $35 previously.
On August 09, 2024, Needham Upgraded its rating to Buy which previously was Hold but kept the price unchanged to $38.
Wells Fargo Downgraded its Equal Weight to Underweight on July 18, 2024, whereas the target price for the stock was revised from $27 to $19.
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 Oct 01 ’24 when Wampler Kira Scherer sold 2,500 shares for $43.44 per share. The transaction valued at 108,600 led to the insider holds 16,618 shares of the business.
KIRA WAMPLER bought 2,500 shares of DOCS for $108,600 on Oct 01 ’24. On Sep 03 ’24, another insider, Wampler Kira Scherer, who serves as the Director of the company, sold 2,500 shares for $36.27 each. As a result, the insider received 90,675 and left with 16,618 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 7827467264 and an Enterprise Value of 7052005376. As of this moment, Doximity’s Price-to-Earnings (P/E) ratio for their current fiscal year is 53.01, and their Forward P/E ratio for the next fiscal year is 37.73. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 5.07. For the stock, the TTM Price-to-Sale (P/S) ratio is 15.86 while its Price-to-Book (P/B) ratio in mrq is 8.57. Its current Enterprise Value per Revenue stands at 14.286 whereas that against EBITDA is 36.315.
Stock Price History:
Over the past 52 weeks, DOCS has reached a high of $44.88, while it has fallen to a 52-week low of $19.89. The 50-Day Moving Average of the stock is 6.13%, while the 200-Day Moving Average is calculated to be 37.87%.
Shares Statistics:
DOCS traded an average of 1.73M shares per day over the past three months and 1486790 shares per day over the past ten days. A total of 124.10M shares are outstanding, with a floating share count of 120.81M. Insiders hold about 34.93% of the company’s shares, while institutions hold 60.36% stake in the company. Shares short for DOCS as of 1727654400 were 10477325 with a Short Ratio of 6.07, compared to 1724976000 on 12362850. Therefore, it implies a Short% of Shares Outstanding of 10477325 and a Short% of Float of 8.64.
