Analysts’ Views On DoorDash Inc. (DASH)

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RTX Stock
RTX Stock

DoorDash Inc. (NYSE:DASH) finished Thursday with a subtraction of -$3.17 to close at $54.00, a downside of -5.54 percent. An average of 6,164,660 shares of common stock have been traded in the last five days. There was a fall of -$10.41 in the past week, and it reached a new high 6 times over the past 12 months. The last 20 days have seen an average of 5,484,640 shares traded, while the 50-day average volume stands at 5,725,396.

DASH stock has decreased by -15.12% in the last month. The company shares reached their 1-month lowest point of $53.73 on 09/22/22. With the stock rallying to its 52-week high on 01/12/22, shares of the company touched a low of $56.60 and a high of $257.25 in 52 weeks. It has reached a new high 2 times so far this year and lost -63.73% or -$94.90 in price. In spite of this, the price is down -79.01% from the 52-week high.


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Insider Transactions

17 days have passed since DoorDash Inc. (DASH) last reported insider trading activity. Brown Shona L, who is Director, most recently acquired $1,250 shares at $58.26 per share on Sep 06. In this transaction, the insider spent $72,825. President and COO, Payne Christopher D, disposed of 94,000 shares at a price of $57.91 on Sep 06. The insider now owns more than $5,443,937 worth of shares. Prior to that, Director Tang Stanley went on to Sale 3,954 shares at $63.79 each on Aug 22. An amount of $252,213 was transacted.

Valuation Metrics

DoorDash Inc. (DASH) has a trailing price-to-sales (P/S) ratio at 4.03, the price-to-book (PB) ratio at 2.65, and the price-to-cash flow ratio at 82.28.

Financial Health

The quick ratio of DoorDash Inc. for the three months ended March 30 was 2.40, and the current ratio was 2.40, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.00 and a total debt to equity ratio of 0.00 for the quarter ending March 30. Its gross profit as reported stood at $2.55 billion compared to revenue of $4.89 billion.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, DoorDash Inc.’s return on assets was -9.20%.

Earnings Surprise

For the three-month period that ended March 30, DoorDash Inc. had $1.27 billion in cash. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of -$263.0 million in the quarter, while revenues were grew 61.22%. The analyst consensus anticipated DoorDash Inc.’s latest quarter earnings to come in at -$0.41 per share, but it turned out to be -$0.48, a -17.10% surprise. For the quarter, EBITDA amounted to -$192.0 million. Shareholders own equity worth $386.08 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at DoorDash Inc. (DASH) price momentum. RSI 9-day as of the close on 22 September was 27.74%, suggesting the stock is oversold, with historical volatility in this time frame at 58.98%.

As of today, DASH’s price is $57.37 -16.16% or -$10.41 from its 5-day moving average. DASH is currently trading -15.78% lower than its 20-day SMA and -33.69% lower than its 100-day SMA. However, the stock’s current price level is -24.73% below the SMA50 and -66.57% below the SMA200.

The stochastic %K and %D were 5.32% and 11.17%, respectively, and the average true range (ATR) was 3.50. With the 14-day stochastic at 1.87% and the average true range at 3.67, the RSI (14) stands at 32.89%. The stock has reached -4.14 on the 9-day MACD Oscillator while the 14-day reading was at -3.93.

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