In the latest session, DoorDash Inc (NASDAQ: DASH) closed at $127.43 up 2.30% from its previous closing price of $124.57. In other words, the price has increased by $+2.86 from its previous closing price. On the day, 4450968 shares were traded.
Ratios:
For a deeper understanding of DoorDash Inc’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 12.62 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 38.16. For the most recent quarter (mrq), Quick Ratio is recorded 1.63 and its Current Ratio is at 1.63. In the meantime, Its Debt-to-Equity ratio is 0.08 whereas as Long-Term Debt/Eq ratio is at 0.07.
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, Morgan Stanley on February 22, 2024, Upgraded its rating to Overweight and sets its target price to $145 from $135 previously.
On January 09, 2024, BMO Capital Markets started tracking the stock assigning a Outperform rating and target price of $120.
Jefferies Upgraded its Hold to Buy on January 08, 2024, whereas the target price for the stock was revised from $90 to $130.
Insider Transactions:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Feb 23 when Sherringham Tia sold 12,923 shares for $121.54 per share. The transaction valued at 1,570,613 led to the insider holds 166,990 shares of the business.
Adarkar Prabir sold 18,560 shares of DASH for $2,078,853 on Feb 20. The PRESIDENT AND COO now owns 910,340 shares after completing the transaction at $112.01 per share. On Feb 20, another insider, Inukonda Ravi, who serves as the CHIEF FINANCIAL OFFICER of the company, sold 13,313 shares for $112.01 each. As a result, the insider received 1,491,199 and left with 401,425 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, DASH now has a Market Capitalization of 51.47B and an Enterprise Value of 47.91B. For the stock, the TTM Price-to-Sale (P/S) ratio is 5.96 while its Price-to-Book (P/B) ratio in mrq is 7.55. Its current Enterprise Value per Revenue stands at 5.55 whereas that against EBITDA is -704.56.
Stock Price History:
Over the past 52 weeks, DASH has reached a high of $126.65, while it has fallen to a 52-week low of $51.50. The 50-Day Moving Average of the stock is 108.89, while the 200-Day Moving Average is calculated to be 87.98.
Shares Statistics:
For the past three months, DASH has traded an average of 4.45M shares per day and 5.7M over the past ten days. A total of 375.99M shares are outstanding, with a floating share count of 286.60M. Insiders hold about 29.06% of the company’s shares, while institutions hold 63.38% stake in the company. Shares short for DASH as of Feb 15, 2024 were 12.67M with a Short Ratio of 2.85, compared to 16.14M on Jan 12, 2024. Therefore, it implies a Short% of Shares Outstanding of 3.14% and a Short% of Float of 3.39%.
Earnings Estimates
There are 22 different market analysts currently analyzing its stock. On average, analysts expect EPS of -$0.05 for the current quarter, with a high estimate of $0.09 and a low estimate of -$0.23, while EPS last year was -$0.41. The consensus estimate for the next quarter is -$0.06, with high estimates of $0.15 and low estimates of -$0.3.
Analysts are recommending an EPS of between $1.09 and -$0.59 for the fiscal current year, implying an average EPS of $0.17. EPS for the following year is $1.29, with 25 analysts recommending between $2.99 and -$0.48.
Revenue Estimates
A total of 29 analysts believe the company’s revenue will be $2.45B this quarter.It ranges from a high estimate of $2.49B to a low estimate of $2.39B. As of the current estimate, DoorDash Inc’s year-ago sales were $2.04B, an estimated increase of 20.40% from the year-ago figure. For the next quarter, 28 analysts are estimating revenue of $2.5B, an increase of 17.30% less than the figure of $20.40% in the same quarter last year. There is a high estimate of $2.56B for the next quarter, whereas the lowest estimate is $2.3B.
A total of 33 analysts have provided revenue estimates for DASH’s current fiscal year. The highest revenue estimate was $10.48B, while the lowest revenue estimate was $9.62B, resulting in an average revenue estimate of $10.18B. In the same quarter a year ago, actual revenue was $8.63B, up 17.90% from the average estimate. Based on 33 analysts’ estimates, the company’s revenue will be $11.81B in the next fiscal year. The high estimate is $12.56B and the low estimate is $10.84B. The average revenue growth estimate for next year is up 16.00% from the average revenue estimate for this year.
