DocGo Inc. [NASDAQ: DCGO] price plunged by -7.53 percent to reach at -$0.61. The company report on September 5, 2023 at 7:35 AM that DocGo Announces Upcoming Participation in Three Investor Conferences in September.
DocGo Inc (Nasdaq: DCGO), a leading provider of last-mile mobile health services, announced today that Anthony Capone, Chief Executive Officer will present at three different investor conferences in September 2023.
On Wednesday, September 13, 2023, at 3:35 Eastern Time, Mr. Capone will participate in a fireside chat at the Morgan Stanley 21st Annual Global Healthcare Conference in New York City. A webcast of the event will be available on the investor relations section of DocGo’s website at https://ir.docgo.com/.
A sum of 3548202 shares traded at recent session while its average daily volume was at 748.09K shares. DocGo Inc. shares reached a high of $7.68 and dropped to a low of $6.82 until finishing in the latest session at $7.55.
The one-year DCGO stock forecast points to a potential upside of 44.36. The average equity rating for DCGO stock is currently 1.60, trading closer to a bullish pattern in the stock market.
Guru’s Opinion on DocGo Inc. [DCGO]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for DCGO shares is $13.57 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on DCGO stock is a recommendation set at 1.60. 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.
BTIG Research have made an estimate for DocGo Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on August 18, 2023.
The Average True Range (ATR) for DocGo Inc. is set at 0.48, with the Price to Sales ratio for DCGO stock in the period of the last 12 months amounting to 1.78. The Price to Book ratio for the last quarter was 2.80, with the Price to Cash per share for the same quarter was set at 1.03.
DCGO Stock Performance Analysis:
DocGo Inc. [DCGO] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -14.50. With this latest performance, DCGO shares dropped by -17.12% in over the last four-week period, additionally sinking by -16.11% over the last 6 months – not to mention a drop of -23.04% 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 DCGO stock in for the last two-week period is set at 27.59, with the RSI for the last a single of trading hit 18.88, and the three-weeks RSI is set at 33.54 for DocGo Inc. [DCGO]. The present Moving Average for the last 50 days of trading for this stock 9.04, while it was recorded at 8.47 for the last single week of trading, and 8.55 for the last 200 days.
Insight into DocGo Inc. Fundamentals:
Operating Margin for any stock indicates how profitable investing would be, and DocGo Inc. [DCGO] shares currently have an operating margin of +5.29 and a Gross Margin at +32.72. DocGo Inc.’s Net Margin is presently recorded at +7.85.
Return on Total Capital for DCGO is now 8.59, given the latest momentum, and Return on Invested Capital for the company is 13.35. Return on Equity for this stock inclined to 14.04, with Return on Assets sitting at 9.84. When it comes to the capital structure of this company, DocGo Inc. [DCGO] has a Total Debt to Total Equity ratio set at 7.32. Additionally, DCGO Total Debt to Total Capital is recorded at 6.82, with Total Debt to Total Assets ending up at 5.08. Long-Term Debt to Equity for the company is recorded at 5.19, with the Long-Term Debt to Total Capital now at 4.84.
Reflecting on the efficiency of the workforce at the company, DocGo Inc. [DCGO] managed to generate an average of $10,808 per employee. Receivables Turnover for the company is 4.86 with a Total Asset Turnover recorded at a value of 1.25.DocGo Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 2.60 and a Current Ratio set at 2.60.
DCGO Stock EPS
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 DCGO. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for DocGo Inc. go to 31.07%.
DocGo Inc. [DCGO] Institutonal Ownership Details
The top three institutional holders of DCGO stocks are: VANGUARD GROUP INC with ownership of 1.31 billion shares, which is approximately 8.2089%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $170.67 trillion in DCGO stocks shares; and BERKSHIRE HATHAWAY INC, currently with $150.98 trillion in DCGO stock with ownership which is approximately 5.7381%.