As of Friday close, Doximity Inc.’s (NYSE:DOCS) stock was down -$3.0, moving down -7.44 percent to $37.31. The average number of shares traded per day over the past five days has been 3,036,480 shares. 3 times new highs have been achieved over the past 5 days, with a -$5.01 fall in that time frame. In the last twenty days, the average volume was 1,959,145, while in the previous 50 days, it was 2,024,446.
Since last month, DOCS stock retreated -10.36%. Shares of the company fell to $33.73 on 08/05/22, the lowest level in the past month. A 52-week high of $107.79 was reached on 02/10/22 after having rallying from a 52-week low of $27.06. Since the beginning of this year, DOCS’s stock price has dropped by -25.57% or -$12.82, and marked a new high 4 times. However, the stock has declined by -65.39% since its 52-week high.
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Doximity Inc. (DOCS) last reported insider trading activity 71 days ago on May 27. Tangney Jeffrey, the Chief Executive Officer of the company, purchased of 2,950 shares for $34.50 on May 27. It resulted in a $101,775 investment by the insider. Jorgensen Paul W. added 15,000 shares at an average price of $32.19 on May 20. The insider now owns 197,676 shares following the transaction. On May 02, Director Wampler Kira Scherer sold 2,200 shares at $39.88 apiece. The transaction was valued at $87,727.
Right now, Doximity Inc. (DOCS) has a P/E ratio of about 59.03. Besides these, the trailing price-to-sales (P/S) ratio of 20.57, the price-to-book (PB) ratio of 8.11, and the price-to-cash flow ratio of 56.66 may also be considered.
In the three months ended March 30, Doximity Inc.’s quick ratio stood at 8.10, while its current ratio was 8.10, showing that the company is able to pay off its debt. On the profitability front, the trailing twelve-month gross margin is 88.40% percent. In the year ended March 30, operating margins totaled 33.10%. Based on annual data, DOCS earned $303.76 million in gross profit and brought in $343.55 million in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 17.60%. Return on equity (ROE) for the past 12 months was 16.60%.
According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. DOCS’s revenue rose 100.0% to $97.88 million during the quarter, while net income inched up to $93.65 million. While analysts expected Doximity Inc. to report $0.15 quarterly earnings, the actual figure was $0.21 per share. During the quarter, the company generated $33.15 million in EBITDA. The liabilities of Doximity Inc. were 112.76 million at the end of its most recent quarter ended March 30, and its total debt was $1.09 million. The value of shareholders’ equity is $193.11 million.
This quick technical analysis looks at Doximity Inc.’s (DOCS) price momentum. With a historical volatility rate of 53.41%, the RSI 9-day stood at 33.16% on 05 August.
With respect to its five-day moving average, the current Doximity Inc. price is down by -11.84% percent or -$5.01. At present, DOCS shares trade -11.75% below its 20-day simple moving average and -8.67% percent below its 100-day simple moving average. However, the stock is currently trading approximately +17.00% above its SMA50 and -47.82% below its SMA200.
Stochastic coefficient K was 32.65% and Stochastic coefficient D was 43.72%, while ATR was 3.04. Given the Stochastic reading of 26.07% for the 14-day period, the RSI (14) reading has been calculated as 40.60%. As of today, the MACD Oscillator reading stands at -1.47, while the 14-day reading stands at -2.33.
Doximity Inc. downgraded its rating on Doximity Inc. (NYSE: DOCS) to an Underperform in a note to investors on August 05, 2022. The analysts firm previously had a Neutral rating on the stock.Doximity Inc. (DOCS) has been rated Overweight by analysts. According to 1 brokerage firm, DOCS is a sell, and 1 firms recommend it is a Hold. There are 1 analyst who say the stock is underweight. A total of 2 analysts rate Doximity Inc. stock as buy, with 9 recommending it as overweight.
With a median target price of $45.00, the current consensus forecast for the stock is $29.00 – $60.00. Based on these forecasts, analysts predict Doximity Inc. (DOCS) will achieve an average price target of $44.08.