What Doximity Inc. (DOCS) Insiders Are Up To

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Doximity Inc. (NYSE:DOCS) finished Friday with a subtraction of -$0.3 to close at $33.56, a downside of -0.89 percent. An average of 772,260 shares of common stock have been traded in the last five days. There was a fall of -$1.39 in the past week, and it reached a new high 5 times over the past 12 months. The last 20 days have seen an average of 1,281,800 shares traded, while the 50-day average volume stands at 2,134,980.

DOCS stock has decreased by -1.27% in the last month. The company shares reached their 1-month lowest point of $32.39 on 12/30/22. With the stock rallying to its 52-week high on 02/10/22, shares of the company touched a low of $22.91 and a high of $64.95 in 52 weeks. It has reached a new high 4 times so far this year and lost -33.05% or -$16.57 in price. In spite of this, the price is down -48.33% 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 243 days ago on May 27. In this transaction, the insider spent $87,727. Director, Wampler Kira Scherer, disposed of 2,200 shares at a price of $53.10 on Apr 01. The insider now owns more than $116,825 worth of shares. Prior to that, Director Wampler Kira Scherer went on to Sale 2,200 shares at $60.73 each on Mar 01. An amount of $133,614 was transacted.

Valuation Metrics

Doximity Inc. (DOCS) has a trailing price-to-earnings (P/E) ratio of 51.16. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 17.18, the price-to-book (PB) ratio at 7.38, and the price-to-cash flow ratio at 42.49.

Financial Health

The quick ratio of Doximity Inc. for the three months ended June 29 was 7.20, and the current ratio was 7.20, 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 June 29. Its gross profit as reported stood at $303.76 million compared to revenue of $343.55 million.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Doximity Inc.’s return on assets was 14.10%.

Earnings Surprise

In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $26.3 million in the quarter, while revenues of $22.38 million were shrunk -37.22%. The analyst consensus anticipated Doximity Inc.’s latest quarter earnings to come in at $0.1 per share, but it turned out to be $0.14, a 40.00% surprise. For the quarter, EBITDA amounted to $37.98 million. Shareholders own equity worth $192.49 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Doximity Inc. (DOCS) price momentum. RSI 9-day as of the close on 30 December was 46.00%, suggesting the stock is Neutral, with historical volatility in this time frame at 40.26%.

As of today, DOCS’s price is $33.57 -3.98% or -$1.39 from its 5-day moving average. DOCS is currently trading -3.51% lower than its 20-day SMA and -8.03% lower than its 100-day SMA. However, the stock’s current price level is +31.87% above the SMA50 and -28.00% below the SMA200.

The stochastic %K and %D were 16.08% and 13.40%, respectively, and the average true range (ATR) was 1.53. With the 14-day stochastic at 20.92% and the average true range at 1.64, the RSI (14) stands at 49.83%. The stock has reached -0.74 on the 9-day MACD Oscillator while the 14-day reading was at -1.26.

Analyst Ratings

Wells Fargo launched coverage on Doximity Inc. (NYSE: DOCS) in its analyst report released on October 31, 2022. The firm assigned the stock an Overweight rating.

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

Analysts predict a range of price targets between $27.00 and $59.00, with a median target of $40.00. Taking a look at these predictions, the average price target given by analysts for Doximity Inc. (DOCS) stock is $39.53.

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