Doximity Inc. (NYSE: DOCS) is -7.57% lower on its value in year-to-date trading and has touched a low of $22.91 and a high of $47.46 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 $31.34 in the last trading session, with the day’s loss setting it -0.32% off its average median price target of $37.00 for the next 12 months. It is also 34.0% off the consensus price target high of $47.00 offered by 17 analysts, but current levels are -10.79% lower than the price target low of $28.00 for the same period.
Currently trading at $31.02, the stock is -8.64% and -7.12% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.09 million and changing -1.02% at the moment leaves the stock -4.74% off its SMA200. DOCS registered -6.82% loss for a year compared to 6-month gain of -0.45%. The firm has a 50-day simple moving average (SMA 50) of $12.83 and a 200-day simple moving average (SMA200) of $39.72.
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The stock witnessed a -10.66% loss in the last 1 month and extending the period to 3 months gives it a -7.60%, and is -2.91% 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 4.45% over the week and 3.80% over the month.
Doximity Inc. (DOCS) has around 973 employees, a market worth around $6.24B and $419.10M in sales. Current P/E ratio is 58.64 and Fwd P/E is 31.85. Profit margin for the company is 33.70%. Distance from 52-week low is 35.40% and -34.64% 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”. 17 analysts offering their recommendations for the stock have an average rating of 2.30, where 5 rate it as a Hold and 2 think it is a “Overweight”. 7 of the analysts rate the stock as a “Buy”. 2 analysts have rated the stock as a Sell or Underperform.
Doximity Inc. is expected to release its quarterly report on 08/04/2023.The EPS is expected to grow by 476.70% this year
Doximity Inc. (DOCS) Top Institutional Holders
The shares outstanding are 192.81M, and float is at 115.66M with Short Float at 8.94%.
Doximity Inc. (DOCS) Insider Activity
A total of 14 insider transactions have happened at Doximity Inc. (DOCS) in the last six months, with sales accounting for 8 and purchases happening 6 times. The most recent transaction is an insider sale by Cabral Timothy S, the company’s Director. SEC filings show that Cabral Timothy S sold 7,500 shares of the company’s common stock on Apr 11 at a price of $35.00 per share for a total of $0.26 million. Following the sale, the insider now owns 4714.0 shares.
Doximity Inc. disclosed in a document filed with the SEC on Apr 03 that Cabral Timothy S (Director) sold a total of 10,000 shares of the company’s common stock. The trade occurred on Apr 03 and was made at $32.00 per share for $0.32 million. Following the transaction, the insider now directly holds 4714.0 shares of the DOCS stock.
Still, SEC filings show that on Feb 15, Cabral Timothy S (Director) disposed off 7,500 shares at an average price of $35.00 for $0.26 million. The insider now directly holds 4,714 shares of Doximity Inc. (DOCS).
