Doximity Inc (DOCS) Stock Could Soon Reward Patient Investors

Doximity Inc (NYSE: DOCS) is 8.63% higher on its value in year-to-date trading and has touched a low of $19.71 and a high of $37.10 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The DOCS stock was last observed hovering at around $28.59 in the last trading session, with the day’s gains setting it 1.87%.

Currently trading at $30.46, the stock is 5.45% and 10.91% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.18 million and changing 6.54% at the moment leaves the stock 10.17% off its SMA200. DOCS registered -16.34% loss for a year compared to 6-month gain of 27.88%. The firm has a 50-day simple moving average (SMA 50) of $10.65 and a 200-day simple moving average (SMA200) of $28.79.

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The stock witnessed a 3.89% loss in the last 1 month and extending the period to 3 months gives it a 48.59%, and is 11.78% up 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 8.95% over the week and 4.55% over the month.

Current P/E ratio is 45.90 and Fwd P/E is 32.43. Profit margin for the company is 29.39%. Distance from 52-week low is 54.54% and -17.90% from its 52-week high. The company has generated returns on investments over the last 12 months (15.68%).

Doximity Inc quarterly earnings per share for the current quarter are estimated at $0.19 with sales reaching $116.63M over the same period.The EPS is expected to grow by 21.84% this year, but quarterly earnings will post 12.60% year-over-year. Quarterly sales are estimated to grow 5.10% in year-over-year returns.

Doximity Inc (DOCS) Top Institutional Holders

428 institutions hold shares in Doximity Inc (DOCS), with institutional investors hold 84.65% of the company’s shares. The shares outstanding are 120.68M, and float is at 113.53M with Short Float at 7.85%. Institutions hold 81.17% of the Float.

The top institutional shareholder in the company is Morgan Stanley with over 11.38 million shares valued at $387.16 million. The investor’s holdings represent 9.07% of the DOCS Shares outstanding. As of Jun 29, 2023, the second largest holder is Blackrock Inc. with 10.69 million shares valued at $363.62 million to account for 8.52% of the shares outstanding. The other top investors are Vanguard Group Inc which holds 10.42 million shares representing 8.30% and valued at over $354.57 million, while ClearBridge Investments, LLC holds 5.36% of the shares totaling 6.73 million with a market value of $228.79 million.

Doximity Inc (DOCS) Insider Activity

A total of 12 insider transactions have happened at Doximity Inc (DOCS) in the last six months, with sales accounting for 8 and purchases happening 4 times. The most recent transaction is an insider sale by Wampler Kira Scherer,the company’sDirector. SEC filings show that Wampler Kira Scherer sold 2,500 shares of the company’s common stock on Feb 01 at a price of $27.05 per share for a total of $67625.0. Following the sale, the insider now owns 10258.0 shares.

Doximity Inc disclosed in a document filed with the SEC on Jan 02 that Wampler Kira Scherer (Director) sold a total of 5,000 shares of the company’s common stock. The trade occurred on Jan 02 and was made at $28.27 per share for $0.14 million. Following the transaction, the insider now directly holds 10258.0 shares of the DOCS stock.

Still, SEC filings show that on Dec 15, Wampler Kira Scherer (Director) disposed off 2,500 shares at an average price of $26.65 for $66625.0. The insider now directly holds 10,258 shares of Doximity Inc (DOCS).