Doximity Inc. [DOCS] moved down -8.39: Why It’s Important

Doximity Inc. [NYSE: DOCS] loss -8.39% on the last trading session, reaching $26.87 price per share at the time. The company report on August 4, 2022 that Doximity Underscores Commitment to Corporate Social Responsibility with Launch of ESG Website.

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Company’s mission to support clinicians aligned with ESG commitments and impact.

Doximity, Inc. (NYSE: DOCS), the leading digital platform for U.S. medical professionals, today announced the launch of its Environmental, Social and Governance (ESG) website. Doximity recently marked its first anniversary as a public company, and is committed to creating long-term value for all stakeholders by operating responsibly, sustainably and ethically. The launch of the company’s ESG website highlights this commitment and will help establish the transparency and foundational framework to continue making a positive impact on the U.S. healthcare system and society.

Doximity Inc. represents 192.95 million in outstanding shares, while the company has a total market value of $5.42 billion with the latest information. DOCS stock price has been found in the range of $25.00 to $29.16.

If compared to the average trading volume of 1.77M shares, DOCS reached a trading volume of 4386923 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here is what top equities market gurus are saying about Doximity Inc. [DOCS]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for DOCS shares is $40.43 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on DOCS stock is a recommendation set at 1.90. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

KeyBanc Capital Markets have made an estimate for Doximity Inc. shares, keeping their opinion on the stock as Sector Weight, with their previous recommendation back on September 16, 2022. While these analysts kept the previous recommendation, Truist raised their target price to Hold. The new note on the price target was released on September 07, 2022, representing the official price target for Doximity Inc. stock. Previously, the target price had yet another drop from $43 to $29, while BofA Securities kept a Underperform rating on DOCS stock.

The Average True Range (ATR) for Doximity Inc. is set at 1.77, with the Price to Sales ratio for DOCS stock in the period of the last 12 months amounting to 15.00. The Price to Book ratio for the last quarter was 5.74, with the Price to Cash per share for the same quarter was set at 3.85.

Trading performance analysis for DOCS stock

Doximity Inc. [DOCS] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -15.26. With this latest performance, DOCS shares dropped by -18.75% in over the last four-week period, additionally sinking by -44.86% over the last 6 months – not to mention a drop of -64.29% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for DOCS stock in for the last two-week period is set at 30.86, with the RSI for the last a single of trading hit 25.86, and the three-weeks RSI is set at 34.49 for Doximity Inc. [DOCS]. The present Moving Average for the last 50 days of trading for this stock 33.32, while it was recorded at 29.20 for the last single week of trading, and 41.75 for the last 200 days.

Doximity Inc. [DOCS]: A deeper dive into fundamental analysis

Operating Margin for any stock indicates how profitable investing would be, and Doximity Inc. [DOCS] shares currently have an operating margin of +33.05 and a Gross Margin at +88.42. Doximity Inc.’s Net Margin is presently recorded at +38.79.

Return on Equity for this stock inclined to 25.96, with Return on Assets sitting at 21.36.

Doximity Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 7.20 and a Current Ratio set at 7.20.

Doximity Inc. [DOCS]: An earnings per share (EPS) analysis

The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for DOCS. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Doximity Inc. go to 3.70%.

An analysis of insider ownership at Doximity Inc. [DOCS]

There are presently around $2,595 million, or 89.80% of DOCS stock, in the hands of institutional investors. The top three institutional holders of DOCS stocks are: MORGAN STANLEY with ownership of 15,970,898, which is approximately 73.075% of the company’s market cap and around 1.00% of the total institutional ownership; PRICE T ROWE ASSOCIATES INC /MD/, holding 12,545,173 shares of the stock with an approximate value of $337.09 million in DOCS stocks shares; and FMR LLC, currently with $207.9 million in DOCS stock with ownership of nearly 42.258% of the company’s market capitalization.

Positions in Doximity Inc. stocks held by institutional investors increased at the end of November and at the time of the November reporting period, where 165 institutional holders increased their position in Doximity Inc. [NYSE:DOCS] by around 24,742,546 shares. Additionally, 97 investors decreased positions by around 8,893,578 shares, while 31 investors held positions by with 62,956,423 shares. The mentioned changes placed institutional holdings at 96,592,547 shares, according to the latest SEC report filing. DOCS stock had 75 new institutional investments in for a total of 3,838,093 shares, while 49 institutional investors sold positions of 5,302,644 shares during the same period.


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