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The price of Doximity Inc (NYSE: DOCS) closed at $35.70 in the last session, down -1.30% from day before closing price of $36.17. In other words, the price has decreased by -$1.30 from its previous closing price. On the day, 1.24 million shares were traded. DOCS stock price reached its highest trading level at $36.39 during the session, while it also had its lowest trading level at $35.63.
Ratios:
We take a closer look at DOCS’s different ratios to gain a better understanding of the stock. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 8.83 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 40.86. 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.
On July 18, 2024, Wells Fargo Downgraded its rating to Underweight which previously was Equal Weight and also lowered its target price recommendation from $27 to $19.
JP Morgan Upgraded its Underweight to Neutral on April 25, 2024, while the target price for the stock was maintained at $25.
Insider Transactions:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Sep 03 ’24 when Wampler Kira Scherer sold 2,500 shares for $36.27 per share. The transaction valued at 90,675 led to the insider holds 16,618 shares of the business.
KIRA WAMPLER bought 2,500 shares of DOCS for $90,675 on Sep 03 ’24. On Aug 16 ’24, another insider, CRAIG OVERPECK, who serves as the Officer of the company, bought 1,500 shares for $34.63 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 6715348480 and an Enterprise Value of 5978886656. As of this moment, Doximity’s Price-to-Earnings (P/E) ratio for their current fiscal year is 44.89, and their Forward P/E ratio for the next fiscal year is 32.04. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 4.53. For the stock, the TTM Price-to-Sale (P/S) ratio is 13.43 while its Price-to-Book (P/B) ratio in mrq is 7.26. Its current Enterprise Value per Revenue stands at 12.112 whereas that against EBITDA is 30.789.
Stock Price History:
Over the past 52 weeks, DOCS has reached a high of $37.55, while it has fallen to a 52-week low of $19.71. The 50-Day Moving Average of the stock is 16.60%, while the 200-Day Moving Average is calculated to be 27.85%.
Shares Statistics:
According to the various share statistics, DOCS traded on average about 1.65M shares per day over the past 3-months and 1332520 shares per day over the past 10 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 63.02% stake in the company. Shares short for DOCS as of 1723680000 were 12019058 with a Short Ratio of 7.29, compared to 1721001600 on 12972129. Therefore, it implies a Short% of Shares Outstanding of 12019058 and a Short% of Float of 9.91.
