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As of close of business last night, Doximity Inc’s stock clocked out at $35.49, down -0.25% from its previous closing price of $35.58. In other words, the price has decreased by -$0.25 from its previous closing price. On the day, 1.83 million shares were traded. DOCS stock price reached its highest trading level at $35.91 during the session, while it also had its lowest trading level at $34.92.
Ratios:
To gain a deeper understanding of DOCS’s stock, we examine its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 8.78 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 40.62. 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:
Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on Aug 09 ’24 when Cabral Timothy S sold 35,544 shares for $33.50 per share. The transaction valued at 1,190,724 led to the insider holds 4,714 shares of the business.
ANNA COLLINS BRYSON bought 30,000 shares of DOCS for $1,077,885 on Aug 13 ’24. On Aug 09 ’24, another insider, Bryson Anna, who serves as the Chief Financial Officer of the company, sold 30,000 shares for $35.00 each. As a result, the insider received 1,050,000 and left with 309,627 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, DOCS now has a Market Capitalization of 6589108736 and an Enterprise Value of 5852637696. As of this moment, Doximity’s Price-to-Earnings (P/E) ratio for their current fiscal year is 44.62, and their Forward P/E ratio for the next fiscal year is 32.00. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 4.51. For the stock, the TTM Price-to-Sale (P/S) ratio is 13.35 while its Price-to-Book (P/B) ratio in mrq is 7.21. Its current Enterprise Value per Revenue stands at 11.856 whereas that against EBITDA is 30.139.
Stock Price History:
Over the past 52 weeks, DOCS has reached a high of $37.25, while it has fallen to a 52-week low of $19.71. The 50-Day Moving Average of the stock is 25.26%, while the 200-Day Moving Average is calculated to be 32.16%.
Shares Statistics:
It appears that DOCS traded 1.85M shares on average per day over the past three months and 3087090 shares per day over the past ten days. A total of 124.10M shares are outstanding, with a floating share count of 120.79M. Insiders hold about 34.93% of the company’s shares, while institutions hold 62.08% stake in the company. Shares short for DOCS as of 1722384000 were 12919888 with a Short Ratio of 6.98, compared to 1719532800 on 11920936. Therefore, it implies a Short% of Shares Outstanding of 12919888 and a Short% of Float of 10.66.
