DoorDash Inc. (DASH): Keep paying attention to its insider activity

DoorDash Inc. (NYSE:DASH) saw an upside of 1.89% to close Tuesday at $199.00 after adding $3.7 on the day. The 5-day average trading volume is 1,623,940 shares of the company’s common stock. It has gained $210.25 in the past week. An average of 2,974,390 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 3,025,316.

DASH’s 1-month performance is -4.62% or -$11.37 on its low of $194.54 reached on 10/11/21. The company’s shares have touched a 52-week low of $110.13 and high of $256.09. YTD, DASH has achieved 39.40% or $56.25. However, the current price is down -22.29%% from the 52-week high price.

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Insider Transactions

On Oct 04, 9 days have gone by since the last insider trading activity for DoorDash Inc. (DASH). Brown Shona L (Director) most recently sold 1,250 shares at $198.98 per share on Oct 04. This transaction cost the insider $248,724. Chief Executive Officer, Xu Tony, sold 80,000 shares at a price of $198.51 on Oct 04. Then, on Sep 29, President and COO Payne Christopher D sold 22,000 shares at a price of $207.18 per share. This transaction amounted to $4,557,894.

Valuation Metrics

DoorDash Inc. (DASH) has a trailing price-to-earnings (P/E) ratio of 30.20 for the broader industry and 30.14 for the sector.DASH stock has a beta of 0.00. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 16.20 while the price-to-book (PB) in the most recent quarter is 14.42, with the price to cash flow ratio at 148.82.

DoorDash Inc.’s quick ratio for the period ended June 29 was 4.10, with the current ratio over the same period at 4.10 meaning that DASH stock is able to fulfill its debt obligations. As well, the company’s long term debt to equity for the quarter ending June 29 was 0.00, while the total debt to equity was 0.00. In terms of profitability, the gross margin trailing 12 months is 52.70%. The trailing 12-month EBITDA margin is -7.55% while for the period ending June 29; DoorDash Inc.’s operating margin was -12.90%.

Earnings Surprise

For the quarterly period ending June 29 this year, Analysts expected DASH to announce -$0.2 per share in earnings in its latest quarter, but it posted -$0.3, representing a -50.00% surprise. DASH stock balance sheet for the quarter ending June 29 shows that, with total debt at $321.0 million

Technical Picture

Let’s look briefly at DoorDash Inc. (DASH) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 12 October was 40.81% to suggest the stock is trending Neutral, with historical volatility in this time period at 34.54%.

The stock’s 5-day moving average is $201.78, reflecting a -0.25% or -$0.50 change from its current price. DASH is currently trading -2.13% above its 20-day SMA, +45.26% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by +12.03% and +25.58% respectively.

Stochastic %K and %D was 14.46% and 20.06% and the average true range (ATR) pointed at 7.50. The RSI (14) points at 45.04%, while the 14-day stochastic is at 14.44% with the period’s ATR at 7.62. The stock’s 9-day MACD Oscillator is pointing at -2.21 and -6.32 on the 14-day charts.

Analyst Ratings

In the most recent analyst report for DoorDash Inc. (NYSE: DASH), Needham reiterated its a Buy rating for the company but lifted their price target by $230 to $240. Analysts offering their rating for DASH stock have a consensus rating for the stock as Overweight. Currently, 0 brokerage advisors rate DASH as a “sell,”, while 10 advise that investors “Hold.” 1 analysts have rated the stock as underweight. 0 rates the stock as overweight while 10 have offered a “buy” rating.

What is DASH’s price target for the next 12 months?

Analysts have a consensus price target ranging from a low of $160.00 and a high of $255.00, with their median price target at $215.00. Looking at these predictions, the average price target given by analysts is for DoorDash Inc. (DASH) stock is $211.19.


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