DoorDash Inc (NASDAQ: DASH) is 31.34% higher on its value in year-to-date trading and has touched a low of $69.90 and a high of $143.34 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 DASH stock was last observed hovering at around $130.87 in the last trading session, with the day’s loss setting it -0.99%.
Currently trading at $129.88, the stock is 1.59% and 9.42% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.83 million and changing -0.76% at the moment leaves the stock 11.34% off its SMA200. DASH registered 60.48% gain for a year compared to 6-month loss of 0.23%.
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The stock witnessed a 0.66% gain in the last 1 month and extending the period to 3 months gives it a 15.25%, and is 3.24% 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 2.72% over the week and 2.59% over the month.
DoorDash Inc (DASH) has around 19300 employees, a market worth around $53.45B and $9.61B in sales. Fwd P/E is 78.85. Profit margin for the company is -4.24%. Distance from 52-week low is 85.81% and -9.39% from its 52-week high. The company has generated returns on investments over the last 12 months (-5.33%).
with sales reaching $2.66B over the same period.The EPS is expected to grow by 101.84% this year, but quarterly earnings will post 22.50% year-over-year. Quarterly sales are estimated to grow 22.80% in year-over-year returns.
DoorDash Inc (DASH) Top Institutional Holders
959.0 institutions hold shares in DoorDash Inc (DASH), with institutional investors hold 94.15% of the company’s shares. The shares outstanding are 375.99M, and float is at 307.32M with Short Float at 3.82%. Institutions hold 93.54% of the Float.
The top institutional shareholder in the company is SC US (TTGP), LTD. with over 31.61 million shares valued at $3.44 billion. The investor’s holdings represent 7.7944% of the DASH Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 30.75 million shares valued at $3.35 billion to account for 7.5839 of the shares outstanding. The other top investors are MORGAN STANLEY which holds 24.45 million shares representing 6.0301% and valued at over $2.66 billion, while BLACKROCK INC. holds 4.0297 of the shares totaling 16.34 million with a market value of $1.78 billion.
DoorDash Inc (DASH) Insider Activity
The most recent transaction is an insider sale by Fang Andy, the company’s Director. SEC filings show that Fang Andy sold 50,000 shares of the company’s common stock on Sep 13 ’24 at a price of $131.94 per share for a total of $6.6 million. Following the sale, the insider now owns 0.0 shares.
DoorDash Inc disclosed in a document filed with the SEC on Sep 12 ’24 that Fang Andy (Director) sold a total of 50,000 shares of the company’s common stock. The trade occurred on Sep 12 ’24 and was made at $130.20 per share for $6.51 million. Following the transaction, the insider now directly holds 0.0 shares of the DASH stock.
Still, SEC filings show that on Sep 11 ’24, Lee Gordon S (CHIEF ACCOUNTING OFFICER) disposed off 2,071 shares at an average price of $129.56 for $0.27 million. The insider now directly holds 97,062 shares of DoorDash Inc (DASH).
