Doximity Inc. (NYSE: DOCS) is -38.10% lower on its value in year-to-date trading and has touched a low of $27.06 and a high of $91.25 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The DOCS stock was last observed hovering at around $30.41 in the last trading session, with the day’s gains setting it 0.62% off its average median price target of $42.00 for the next 12 months. It is also 47.41% off the consensus price target high of $59.00 offered by 15 analysts, but current levels are -7.0% lower than the price target low of $29.00 for the same period.
Currently trading at $31.03, the stock is -5.44% and -16.57% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.68 million and changing 2.04% at the moment leaves the stock -28.90% off its SMA200. DOCS registered -64.35% loss for a year compared to 6-month loss of -37.57%.
The stock witnessed a -5.11% gain in the last 1 month and extending the period to 3 months gives it a -13.88%, and is -6.37% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 3.99% over the week and 3.90% over the month.
Doximity Inc. (DOCS) has around 930 employees, a market worth around $6.23B and $361.50M in sales. Current P/E ratio is 44.65 and Fwd P/E is 36.68. Distance from 52-week low is 14.67% and -65.99% from its 52-week high. The company has generated returns on investments over the last 12 months (17.60%).
Doximity Inc. (DOCS) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Doximity Inc. (DOCS) is a “Overweight”. 15 analysts offering their recommendations for the stock have an average rating of 1.90, where 3 rate it as a Hold and 2 think it is a “Overweight”. 9 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.
Doximity Inc. is expected to release its quarterly report on 11/09/2022.The EPS is expected to grow by 476.70% this year
Doximity Inc. (DOCS) Top Institutional Holders
The shares outstanding are 192.95M, and float is at 107.83M with Short Float at 15.49%.
Doximity Inc. (DOCS) Insider Activity
A total of 20 insider transactions have happened at Doximity Inc. (DOCS) in the last six months, with sales accounting for 8 and purchases happening 12 times. The most recent transaction is an insider purchase by Tangney Jeffrey, the company’s Chief Executive Officer. SEC filings show that Tangney Jeffrey bought 2,950 shares of the company’s common stock on May 27 at a price of $34.50 per share for a total of $0.1 million. Following the purchase, the insider now owns 0.25 million shares.
Doximity Inc. disclosed in a document filed with the SEC on May 20 that Jorgensen Paul W. (Chief Revenue Officer) bought a total of 15,000 shares of the company’s common stock. The trade occurred on May 20 and was made at $32.19 per share for $0.48 million. Following the transaction, the insider now directly holds 0.2 million shares of the DOCS stock.
Still, SEC filings show that on May 02, Wampler Kira Scherer (Director) disposed off 2,200 shares at an average price of $39.88 for $87727.0. The insider now directly holds 0 shares of Doximity Inc. (DOCS).