As of Friday close, DoorDash Inc.’s (NYSE:DASH) stock was down -$1.86, moving down -2.18 percent to $83.60. The average number of shares traded per day over the past five days has been 5,695,620 shares. 1 time new highs have been achieved over the past 5 days, with a -$6.05 fall in that time frame. In the last twenty days, the average volume was 3,469,690, while in the previous 50 days, it was 3,255,558.
Since last month, DASH stock rose 8.59%. Shares of the company fell to $75.07 on 07/06/23, the lowest level in the past month. A 52-week high of $92.61 was reached on 07/31/23 after having rallying from a 52-week low of $41.37. Since the beginning of this year, DASH’s stock price has risen by 71.24% or $34.78, and marked a new high 34 times. However, the stock has declined by -9.73% since its 52-week high.
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DASH stock investors should be aware that DoorDash Inc. (DASH) stock had its last reported insider trading activity 4 days ago on Aug 01. Yandell Keith, the Chief Business Officer of the company, disposed of 3,500 shares for $89.50 on Aug 01. It resulted in a $313,250 divestment by the insider. Inukonda Ravi sold 7,000 shares at an average price of $90.11 on Jul 31. The insider now owns 480,118 shares following the transaction. On Jul 17, Chief Executive Officer Xu Tony sold 132,300 shares at $84.56 apiece. The transaction was valued at $11,187,398.
Valuation Metrics
The stock’s beta is 1.62. Besides these, the trailing price-to-sales (P/S) ratio of 4.35, the price-to-book (PB) ratio of 5.01, and the price-to-cash flow ratio of 72.84 may also be considered.
Financial Health
In the three months ended June 29, DoorDash Inc.’s quick ratio stood at 1.70, while its current ratio was 1.70, showing that the company is able to pay off its debt. On the profitability front, the trailing twelve-month gross margin is 45.60% percent. In the year ended June 29, EBITDA margin amounted to -9.01%, whereas operating margins totaled -15.70%. Based on annual data, DASH earned $3.0 billion in gross profit and brought in $6.58 billion 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 -16.20%. Return on equity (ROE) for the past 12 months was -19.80%.
According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. DASH’s revenue rose 24.61% to $2.04 billion during the quarter, while net income inched up to $2.13 billion. While analysts expected DoorDash Inc. to report -$0.41 quarterly earnings, the actual figure was -$0.44 per share, beating the consensus estimate by -7.30%. During the quarter, the company generated -$83.0 million in EBITDA. The liabilities of DoorDash Inc. were 3.21 billion at the end of its most recent quarter ended June 29, and its total debt was $498.0 million. The value of shareholders’ equity is $393.3 million.
Technical Picture
This quick technical analysis looks at DoorDash Inc.’s (DASH) price momentum. With a historical volatility rate of 36.99%, the RSI 9-day stood at 45.30% on 04 August.
With respect to its five-day moving average, the current DoorDash Inc. price is down by -6.75% percent or -$6.05. At present, DASH shares trade +7.25% above its 20-day simple moving average and +55.39% percent above its 100-day simple moving average. However, the stock is currently trading approximately +26.61% above its SMA50 and +82.89% above its SMA200.
Stochastic coefficient K was 23.71% and Stochastic coefficient D was 39.26%, while ATR was 3.24. Given the Stochastic reading of 5.56% for the 14-day period, the RSI (14) reading has been calculated as 53.08%. As of today, the MACD Oscillator reading stands at -1.61, while the 14-day reading stands at -0.86.
Analyst Ratings
BofA Securities reiterated its a Buy rating on DoorDash Inc. (NYSE: DASH) in a note to investors. The analysts firm has however raised their price target to $95, representing a possible -1.95% increase in the stock price. DoorDash Inc. (DASH) has been rated Overweight by analysts. According to 2 brokerage firms, DASH is a sell, and 20 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 2 analysts rate DoorDash Inc. stock as buy, with 11 recommending it as overweight.
With a median target price of $95.00, the current consensus forecast for the stock is $47.00 – $125.00. Based on these forecasts, analysts predict DoorDash Inc. (DASH) will achieve an average price target of $93.18.
