Take A Look At Insider Trading For Doximity Inc. (DOCS)

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The stock of Doximity Inc. (NYSE:DOCS) increased by $0.93 on Wednesday to $32.40, up 2.96 percent. The last five days have seen an average of 1,260,802 shares of common stock traded. 4 times new highs were reached in the current year, with a fall of -$17.94. The average number of shares traded over the last 20 days was 3,100,945, while the average volume over the last 50 days totaled 2,316,682.

DOCS stock appreciated 26.54% since last month. On 11/08/22, the company’s shares reached a one-month low of $22.91. The stock touched a high of $68.94 on 02/10/22, after rallying from a low of $22.91 in 52 weeks. The price of DOCS stock has declined by -37.22% or -$17.94 this year, reaching a new high 4 times. Still, the stock price is down -53.00% from the 52-week high.


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Insider Transactions

DOCS stock investors should be aware that Doximity Inc. (DOCS) stock had its last reported insider trading activity 180 days ago on May 27. On May 27, Chief Executive Officer Tangney Jeffrey acquired 2,950 shares at $34.50 each. This transaction resulted in the insider spending $101,775. On May 20, Jorgensen Paul W. added 15,000 shares at a price of US$32.19. After the transaction, the insider now owns 197,676 shares. Director Wampler Kira Scherer had earlier sold 2,200 shares on May 02 for $39.88 a share. The transaction was completed for $87,727.

Valuation Metrics

Doximity Inc. (DOCS) has a trailing price-to-earnings (P/E) ratio of 47.97. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 15.71, the price-to-book (PB) ratio of 6.92, and the price-to-cash flow ratio of 38.87.

Financial Health

For the three months ended September 29, Doximity Inc.’s quick ratio was 7.20, while its current ratio was 7.20, indicating its ability to pay off its debt. As far as profitability goes, gross margin for the trailing twelve months is 87.20% percent. Doximity Inc.’s operating margin stood at 30.60% for the same period. Based on annual data, it had gross profit of $303.76 million and revenue of $343.55 million.

Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. DOCS’s return on assets (ROA) during the last 12 months has been 14.10%. There was a 17.60% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 16.20%.

Earnings Surprise

According to Doximity Inc.’s quarterly financial report for the quarter that ended September 29. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $102.19 million, while revenues rose by 22.35% to $90.64 million. It was predicted that Doximity Inc.’s quarterly earnings would be $0.17, but it ended up being $0.15, beating the consensus by 13.30%. EBITDA was $37.98 million for the quarter. At the end of Doximity Inc.’s most recent quarter ended September 29, its liabilities totaled 149.38 million, while its total debt was $15.64 million. Equity owned by shareholders amounts to $192.49 million.

Technical Picture

Here’s a quick look at Doximity Inc.’s (DOCS) price momentum from a technical perspective. As of 22 November, the RSI 9-day stood at 62.32%, suggesting the stock is Neutral, with a 162.19% historical volatility rate.

The stochastic %K and %D were 69.45% and 68.71% respectively, while the average true range (ATR) was 2.24. Based on the 14-day stochastic reading of 74.08%, the RSI (14) reading is 59.51%. On the 9-day MACD Oscillator, the stock is at -0.51, and the 14-day reading is at 2.12.

Analyst Ratings

In its analyst report released on October 31, 2022, Wells Fargo began covering Doximity Inc. (NYSE: DOCS). The stock was rated as an Overweight by the brokerage firm.

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