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Is Doximity Inc (DOCS) a good stock to buy now?

Doximity Inc (NYSE: DOCS) is 5.42% higher on its value in year-to-date trading and has touched a low of $19.71 and a high of $36.29 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 $29.47 in the last trading session, with the day’s gains setting it 0.09%.

Currently trading at $29.56, the stock is 9.26% and 14.48% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.11 million and changing 0.31% at the moment leaves the stock 16.17% off its SMA200. DOCS registered -7.42% loss for a year compared to 6-month loss of 22.50%.

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The stock witnessed a 24.41% gain in the last 1 month and extending the period to 3 months gives it a 6.71%, and is 6.95% 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 2.61% over the week and 3.41% over the month.

Doximity Inc (DOCS) has around 827 employees, a market worth around $5.48B and $475.42M in sales. Current P/E ratio is 40.98 and Fwd P/E is 27.62. Profit margin for the company is 31.04%. Distance from 52-week low is 49.97% and -18.55% from its 52-week high. The company has generated returns on investments over the last 12 months (16.15%).

with sales reaching $120.32M over the same period.The EPS is expected to grow by 3.52% this year, but quarterly earnings will post 7.80% year-over-year.

Doximity Inc (DOCS) Top Institutional Holders

The shares outstanding are 124.10M, and float is at 118.59M with Short Float at 10.94%.

Doximity Inc (DOCS) Insider Activity

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 Jun 03 ’24 at a price of $27.99 per share for a total of $69975.0. Following the sale, the insider now owns 10258.0 shares.

Doximity Inc disclosed in a document filed with the SEC on May 17 ’24 that Wampler Kira Scherer (Director) sold a total of 2,500 shares of the company’s common stock. The trade occurred on May 17 ’24 and was made at $27.22 per share for $68050.0. Following the transaction, the insider now directly holds 10258.0 shares of the DOCS stock.

Still, SEC filings show that on May 16 ’24, Overpeck Craig disposed off 1,500 shares at an average price of $23.85 for $35775.0. The insider now directly holds 108,609 shares of Doximity Inc (DOCS).

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