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 Doximity Inc (NYSE: DOCS) closed at $55.32 in the last session, up 2.07% from day before closing price of $54.20. In other words, the price has increased by $2.07 from its previous closing price. On the day, 1.44 million shares were traded. DOCS stock price reached its highest trading level at $55.6751 during the session, while it also had its lowest trading level at $53.899.
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 12.82 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 47.51. For the most recent quarter (mrq), Quick Ratio is recorded 7.21 and its Current Ratio is at 7.21. In the meantime, Its Debt-to-Equity ratio is 0.01 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 this company, Mizuho on December 04, 2024, initiated with a Neutral rating and assigned the stock a target price of $55.
On November 15, 2024, Goldman started tracking the stock assigning a Neutral rating and target price of $58.
Morgan Stanley Upgraded its Underweight to Equal-Weight on November 14, 2024, whereas the target price for the stock was revised from $33 to $53.
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 Nov 12 ’24 when Bryson Anna sold 100,000 shares for $58.42 per share. The transaction valued at 5,842,248 led to the insider holds 304,506 shares of the business.
Bryson Anna bought 70,000 shares of DOCS for $4,200,000 on Nov 12 ’24. On Nov 12 ’24, another insider, ANNA COLLINS BRYSON, who serves as the Officer of the company, bought 30,000 shares for $59.29 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 10327801856 and an Enterprise Value of 9535721472. As of this moment, Doximity’s Price-to-Earnings (P/E) ratio for their current fiscal year is 63.64, and their Forward P/E ratio for the next fiscal year is 43.78. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 4.44. For the stock, the TTM Price-to-Sale (P/S) ratio is 19.98 while its Price-to-Book (P/B) ratio in mrq is 10.75. Its current Enterprise Value per Revenue stands at 18.45 whereas that against EBITDA is 45.869.
Stock Price History:
Over the past 52 weeks, DOCS has reached a high of $61.75, while it has fallen to a 52-week low of $22.96. The 50-Day Moving Average of the stock is 18.59%, while the 200-Day Moving Average is calculated to be 64.49%.
Shares Statistics:
According to the various share statistics, DOCS traded on average about 1.82M shares per day over the past 3-months and 2065920 shares per day over the past 10 days. A total of 128.22M shares are outstanding, with a floating share count of 123.60M. Insiders hold about 33.80% of the company’s shares, while institutions hold 61.36% stake in the company. Shares short for DOCS as of 1731628800 were 8714769 with a Short Ratio of 4.80, compared to 1728950400 on 10400362. Therefore, it implies a Short% of Shares Outstanding of 8714769 and a Short% of Float of 7.0199996.
