Investors with the goal of beating the broader market often turn to stock selection. Strategic choices in individual stocks can have a profound impact on your wealth.
In the latest session, DoorDash Inc (NASDAQ: DASH) closed at $117.59 up 3.32% from its previous closing price of $113.81. In other words, the price has increased by $3.32 from its previous closing price. On the day, 3.94 million shares were traded. DASH stock price reached its highest trading level at $117.73 during the session, while it also had its lowest trading level at $113.75.
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 10.58 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 31.25. For the most recent quarter (mrq), Quick Ratio is recorded 1.62 and its Current Ratio is at 1.62. 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 this company, Loop Capital on April 19, 2024, initiated with a Buy rating and assigned the stock a target price of $170.
On April 11, 2024, MoffettNathanson Upgraded its rating to Buy which previously was Neutral and also upped its target price recommendation from $118 to $164.
On April 04, 2024, The Benchmark Company started tracking the stock assigning a Buy rating and target price of $165.The Benchmark Company initiated its Buy rating on April 04, 2024, with a $165 target price.
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 May 01 ’24 when Adarkar Prabir sold 8,000 shares for $128.48 per share. The transaction valued at 1,027,862 led to the insider holds 910,340 shares of the business.
Yandell Keith sold 3,500 shares of DASH for $448,525 on May 01 ’24. The CHIEF BUSINESS OFFICER now owns 151,752 shares after completing the transaction at $128.15 per share. On Apr 30 ’24, another insider, Inukonda Ravi, who serves as the CHIEF FINANCIAL OFFICER of the company, sold 7,000 shares for $130.95 each. As a result, the insider received 916,654 and left with 384,425 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 46538592256 and an Enterprise Value of 44152246272. For the stock, the TTM Price-to-Sale (P/S) ratio is 5.21 while its Price-to-Book (P/B) ratio in mrq is 6.86. Its current Enterprise Value per Revenue stands at 4.845 whereas that against EBITDA is -202.533.
Stock Price History:
Over the past 52 weeks, DASH has reached a high of $143.34, while it has fallen to a 52-week low of $60.36. The 50-Day Moving Average of the stock is -10.60%, while the 200-Day Moving Average is calculated to be 16.34%.
Shares Statistics:
For the past three months, DASH has traded an average of 4.18M shares per day and 6286570 over the past ten days. A total of 375.99M shares are outstanding, with a floating share count of 288.44M. Insiders hold about 28.63% of the company’s shares, while institutions hold 63.20% stake in the company. Shares short for DASH as of 1713139200 were 11418718 with a Short Ratio of 2.73, compared to 1710460800 on 11300143. Therefore, it implies a Short% of Shares Outstanding of 11418718 and a Short% of Float of 3.0199999.
