Investors on the quest for market-beating returns often employ the strategy of stock picking. Making informed choices in stocks can greatly amplify your wealth.
The price of DocGo Inc (NASDAQ: DCGO) closed at $3.61 in the last session, up 2.85% from day before closing price of $3.51. In other words, the price has increased by $2.85 from its previous closing price. On the day, 1.16 million shares were traded. DCGO stock price reached its highest trading level at $3.66 during the session, while it also had its lowest trading level at $3.48.
Ratios:
We take a closer look at DCGO’s different ratios to gain a better understanding of the stock. For the most recent quarter (mrq), Quick Ratio is recorded 1.99 and its Current Ratio is at 1.99. In the meantime, Its Debt-to-Equity ratio is 0.15 whereas as Long-Term Debt/Eq ratio is at 0.05.
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, BTIG Research on August 18, 2023, initiated with a Buy rating and assigned the stock a target price of $15.
On April 21, 2023, Cantor Fitzgerald started tracking the stock assigning a Overweight rating and target price of $11.
On April 19, 2022, Deutsche Bank started tracking the stock assigning a Buy rating and target price of $11.Deutsche Bank initiated its Buy rating on April 19, 2022, with a $11 target price.
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 Mar 15 ’24 when KATZ STEVEN bought 13,500 shares for $3.64 per share. The transaction valued at 49,140 led to the insider holds 69,534 shares of the business.
ROSENBERG NORMAN bought 10,000 shares of DCGO for $36,100 on Mar 14 ’24. The CFO and Treasurer now owns 274,222 shares after completing the transaction at $3.61 per share. On Mar 14 ’24, another insider, Burdiek Michael J, who serves as the Director of the company, bought 10,000 shares for $3.61 each. As a result, the insider paid 36,100 and bolstered with 571,595 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, DCGO now has a Market Capitalization of 368328288 and an Enterprise Value of 367645728. As of this moment, DocGo’s Price-to-Earnings (P/E) ratio for their current fiscal year is 55.62, and their Forward P/E ratio for the next fiscal year is 9.62. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.79. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.59 while its Price-to-Book (P/B) ratio in mrq is 1.25. Its current Enterprise Value per Revenue stands at 0.589 whereas that against EBITDA is 11.579.
Stock Price History:
Over the past 52 weeks, DCGO has reached a high of $10.82, while it has fallen to a 52-week low of $2.78. The 50-Day Moving Average of the stock is -2.18%, while the 200-Day Moving Average is calculated to be -33.71%.
Shares Statistics:
According to the various share statistics, DCGO traded on average about 1.01M shares per day over the past 3-months and 767670 shares per day over the past 10 days. A total of 104.06M shares are outstanding, with a floating share count of 84.71M. Insiders hold about 16.97% of the company’s shares, while institutions hold 47.79% stake in the company. Shares short for DCGO as of 1713139200 were 9260441 with a Short Ratio of 9.20, compared to 1710460800 on 9906124. Therefore, it implies a Short% of Shares Outstanding of 9260441 and a Short% of Float of 9.11.
