DoorDash Inc. [DASH] Revenue clocked in at $6.07 billion, down -3.46% YTD: What’s Next?

DoorDash Inc. [NYSE: DASH] closed the trading session at $47.13 on 01/05/23. The day’s price range saw the stock hit a low of $46.80, while the highest price level was $48.25. The company report on December 12, 2022 that The Kroger Family of Companies Launches On-Demand Floral and Sushi Delivery on DoorDash.

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The Kroger Co. (NYSE: KR), America’s grocer, today announced the launch of floral and sushi delivery on the DoorDash marketplace from banner stores across the country. The new delivery option through DoorDash marks the latest expansion of the grocer’s seamless experience, providing customers with even more opportunities to get fresh, affordable products.

“By offering customer-favorite sushi options and premium floral bouquets through third-party marketplaces we are continuing to evolve and meet customers where and how they are shopping,” said Stuart Aitken, senior vice president and chief merchant & marketing officer. “Whether you are craving fresh, affordable sushi for lunch or want to surprise someone special with a gorgeous fresh floral bouquet, you can now have the items delivered in under an hour. Providing fresh, affordable products to customers using familiar channels is another step in our commitment to provide anything, anytime, anywhere for every customer, every time.”.

The stocks have a year to date performance of -3.46 percent and weekly performance of 0.60 percent. The stock has been moved at -37.99 percent over the last six months. The stock has performed -11.46 percent around the most recent 30 days and changed -11.06 percent over the most recent 3-months.

If compared to the average trading volume of 5.38M shares, DASH reached to a volume of 3652661 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to say about DoorDash Inc. [DASH]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for DASH shares is $75.57 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on DASH stock is a recommendation set at 2.20. 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.

RBC Capital Mkts have made an estimate for DoorDash Inc. shares, keeping their opinion on the stock as Sector Perform, with their previous recommendation back on December 02, 2022. The new note on the price target was released on November 07, 2022, representing the official price target for DoorDash Inc. stock. Previously, the target price had yet another raise to $67, while Goldman analysts kept a Neutral rating on DASH stock.

The Average True Range (ATR) for DoorDash Inc. is set at 2.72, with the Price to Sales ratio for DASH stock in the period of the last 12 months amounting to 3.06. The Price to Book ratio for the last quarter was 2.66, with the Price to Cash per share for the same quarter was set at 9.67. Price to Free Cash Flow for DASH in the course of the last twelve months was 53.86 with Quick ratio for the last quarter at 2.10.

DASH stock trade performance evaluation

DoorDash Inc. [DASH] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 0.60. With this latest performance, DASH shares dropped by -11.46% in over the last four-week period, additionally sinking by -37.99% over the last 6 months – not to mention a drop of -65.32% 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 DASH stock in for the last two-week period is set at 38.06, with the RSI for the last a single of trading hit 34.08, and the three-weeks RSI is set at 41.04 for DoorDash Inc. [DASH]. The present Moving Average for the last 50 days of trading for this stock 53.07, while it was recorded at 48.56 for the last single week of trading, and 67.67 for the last 200 days.

DoorDash Inc. [DASH]: An insightful look at the core fundamentals

Operating Margin for any stock indicates how profitable investing would be, and DoorDash Inc. [DASH] shares currently have an operating margin of -9.02 and a Gross Margin at +48.98. DoorDash Inc.’s Net Margin is presently recorded at -9.57.

Return on Equity for this stock declined to -9.99, with Return on Assets sitting at -7.11.

DoorDash Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 2.10 and a Current Ratio set at 2.10.

DoorDash Inc. [DASH]: Insider Ownership positions

There are presently around $13,309 million, or 86.20% of DASH stock, in the hands of institutional investors. The top three institutional holders of DASH stocks are: SC US (TTGP), LTD. with ownership of 35,855,453, which is approximately 0% of the company’s market cap and around 0.50% of the total institutional ownership; MORGAN STANLEY, holding 27,702,191 shares of the stock with an approximate value of $1.31 billion in DASH stocks shares; and SB INVESTMENT ADVISERS (UK) LTD, currently with $1.19 billion in DASH stock with ownership of nearly -21.647% of the company’s market capitalization.

Positions in DoorDash Inc. stocks held by institutional investors increased at the end of February and at the time of the February reporting period, where 227 institutional holders increased their position in DoorDash Inc. [NYSE:DASH] by around 32,244,539 shares. Additionally, 159 investors decreased positions by around 34,260,948 shares, while 62 investors held positions by with 215,889,037 shares. The mentioned changes placed institutional holdings at 282,394,524 shares, according to the latest SEC report filing. DASH stock had 61 new institutional investments in for a total of 3,465,173 shares, while 56 institutional investors sold positions of 5,565,283 shares during the same period.


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