The stock of DoorDash Inc. (NYSE:DASH) increased by $0.48 on Monday to finish at $78.50, up 0.62 percent. The last five days have seen an average of 2,440,720 shares of common stock traded. 34 times new highs were reached in the current year, with a gain of $29.68. The average number of shares traded over the last 20 days was 3,745,090, while the average volume over the last 50 days totaled 3,201,600.
DASH stock dropped -12.44% since last month. On 08/21/23, the company’s shares reached a one-month low of $75.06. The stock touched a high of $92.61 on 07/31/23, after rallying from a low of $41.37 in 52 weeks. The price of DASH stock has risen by 60.79% or $29.68 this year, reaching a new high 34 times. Still, the stock price is down -15.24% from the 52-week high.
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Insider Transactions
DASH stock investors should be aware that DoorDash Inc. (DASH) stock had its last reported insider trading activity 4 days ago on Aug 25. On Aug 25, Director Fang Andy sold 67,000 shares at $77.23 each. This transaction resulted in the insider making $5,174,466. On Aug 24, Fang Andy sold 67,000 shares at a price of US$76.40. After the transaction, the insider now owns 45,296 shares. President and COO Adarkar Prabir had earlier sold 19,432 shares on Aug 21 for $76.02 a share. The transaction was completed for $1,477,306.
Valuation Metrics
Beta for the stock is 1.65. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 3.92, the price-to-book (PB) ratio of 4.74, and the price-to-cash flow ratio of 46.13.
Financial Health
For the three months ended June 29, DoorDash Inc.’s quick ratio was 1.70, while its current ratio was 1.70, indicating its ability to pay off its debt. As far as profitability goes, gross margin for the trailing twelve months is 46.00% percent. DoorDash Inc.’s EBITDA margin for the year ended June 29 was -9.01%, whereas its operating margin stood at -13.80% for the same period. Based on annual data, it had gross profit of $3.0 billion and revenue of $6.58 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. DASH’s return on assets (ROA) during the last 12 months has been -13.10%. There was a -16.20% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was -19.10%.
Earnings Surprise
According to DoorDash Inc.’s quarterly financial report for the quarter that ended June 29. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $2.13 billion, while revenues rose by 24.61% to $2.04 billion. It was predicted that DoorDash Inc.’s quarterly earnings would be -$0.44, but it ended up being -$0.41, beating the consensus by -7.30%. EBITDA was -$83.0 million for the quarter. At the end of DoorDash Inc.’s most recent quarter ended June 29, its liabilities totaled 3.21 billion, while its total debt was $498.0 million. Equity owned by shareholders amounts to $393.3 million.
Technical Picture
Here’s a quick look at DoorDash Inc.’s (DASH) price momentum from a technical perspective. As of 28 August, the RSI 9-day stood at 44.84%, suggesting the stock is Neutral, with a 24.64% historical volatility rate.
The stochastic %K and %D were 26.32% and 20.90% respectively, while the average true range (ATR) was 2.42. Based on the 14-day stochastic reading of 37.27%, the RSI (14) reading is 45.10%. On the 9-day MACD Oscillator, the stock is at -0.22, and the 14-day reading is at -1.21.
Analyst Ratings
In a note to investors, BofA Securities maintained its a Buy rating on DoorDash Inc. (NYSE: DASH). However, the firm raised their price target to $95, indicating a possible increase of 4.27% in the stock price. Analysts have assigned DoorDash Inc. (DASH) an Overweight rating. DASH is a stock that is recommended for selling by 2 brokerage firms, while 19 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 2 rates it overweight and 12 others recommend it as a buy.
What is DASH’s price target for the next 12 months?
The current consensus forecast for the stock is between $47.00 and $125.00, with a median target price of $95.00. In analyzing these forecasts, the average price target given by analysts for DoorDash Inc. (DASH) is $94.46.
