Doximity Inc. (NYSE:DOCS) saw a downside of -0.56% to $33.55 after subtracting -$0.19 on Monday. The 5-day average trading volume is 1,137,968 shares of the company’s common stock. It has gained $35.32 in the past week and touched a new high 1 time within the past 5 days. An average of 1,216,882 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 1,919,027.
DOCS’s 1-month performance is 3.49% or $1.28 on its low of $32.20 reached on 08/03/23. The company’s shares have touched a 52-week low of $22.91 and high of $43.10, with the stock’s rally to the 52-week high happening on 02/02/23. YTD, DOCS has lost -0.03% or $0.14 and has reached a new high 4 times. However, the current price is down -22.16% from the 52-week high price.
Insider Transactions
DOCS stock investors last saw insider trading activity on Jul 28.Cabral Timothy S (Director) most recently sold 4,714 shares at $34.96 per share on Jul 28. This transaction cost the insider $164,787. Director, Cabral Timothy S, sold 7,500 shares at a price of $35.00 on Jul 12. Then, on Jul 03, Director Cabral Timothy S sold 10,000 shares at a price of $33.80 per share. This transaction amounted to $338,050.
Valuation Metrics
DOCS stock has a beta of 0.94. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 15.36 while the price-to-book (PB) in the most recent quarter is 6.74, with the price to cash flow ratio at 37.13.
Doximity Inc.’s quick ratio for the period ended March 30 was 7.00, with the current ratio over the same period at 7.00. In terms of profitability, the gross margin trailing 12 months is 87.20%. The firm’s gross profit as reported stood at $365.56 million against revenue of $419.05 million.
Earnings Surprise
For the quarterly period ending March 30 this year, Net income and sales went down compared to those figures reported in the previous quarter. Net income shrunk -0.36% to $30.67 million, while revenue of $33.47 million was -9.13% off the previous quarter. Analysts expected DOCS to announce $0.17 per share in earnings in its latest quarter, but it posted $0.2, representing a 17.60% surprise. EBITDA for the quarter stood at more than $37.95 million. DOCS stock balance sheet for the quarter ending March 30 shows that total liabilities totaled 170.77 million, with total debt at $15.64 million. Shareholders hold equity totaling $194.67 million.
Let’s look briefly at Doximity Inc. (DOCS) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 04 August was 45.10% to suggest the stock is trending Neutral, with historical volatility in this time period at 33.33%.
The stock’s 5-day moving average is $33.90, reflecting a -5.68% or -$2.03 change from its current price. DOCS is currently trading +0.27% above its 20-day SMA, +13.43% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +8.64% and SMA200 by+28.48%.
Stochastic %K and %D was 33.25% and 33.34% and the average true range (ATR) pointed at 1.17. The RSI (14) points at 47.98%, while the 14-day stochastic is at 36.67% with the period’s ATR at 1.15. The stock’s 9-day MACD Oscillator is pointing at -0.79 and -0.73 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Doximity Inc. (NYSE: DOCS), Piper Sandler downgraded it to a Neutral rating. They previously had an Overweight rating on the stock. Analysts offering their rating for DOCS stock have a consensus rating for the stock as Overweight. Currently, 2 brokerage advisors rate DOCS as a “sell,”, while 6 advise that investors “Hold.” 1 analysts have rated the stock as underweight. 2 rates the stock as overweight while 6 have offered a “buy” rating.
What is DOCS’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $28.00 and a high of $47.00, with their median price target at $37.00. Looking at these predictions, the average price target given by analysts is for Doximity Inc. (DOCS) stock is $36.57.
