DoorDash Inc [NASDAQ: DASH] stock went on an upward path that rose over 1.35% on Wednesday, amounting to a one-week price increase of more than 4.11%. The company report on January 11, 2024 at 9:00 AM that DoorDash Announces Multiple Retail Partners To Kickstart an Active and Healthy New Year.
Camping World, Golf Galaxy, JD Sports, and The Vitamin Shoppe Join DoorDash For On-Demand Delivery.
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DoorDash (NASDAQ: DASH), the local commerce platform, today announced new retail partners to DoorDash’s Marketplace to support consumers on their active and wellness journeys. To date, DoorDash has more retail stores than any other marketplace in North America with over 100K non-restaurant stores across its Marketplace and Drive platforms and nearly 2 million products from clothing and makeup to household essentials.
Over the last 12 months, DASH stock rose by 76.79%. The one-year DoorDash Inc stock forecast points to a potential upside of 0.88. The average equity rating for DASH stock is currently 2.13, trading closer to a bullish pattern in the stock market.
The market cap for the stock reached $42.66 billion, with 363.30 million shares outstanding and 271.84 million shares in the current float. Compared to the average trading volume of 4.55M shares, DASH stock reached a trading volume of 3821998 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on 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 $108.07 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 2.13. 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.
BMO Capital Markets have made an estimate for DoorDash Inc shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on January 09, 2024.
The Average True Range (ATR) for DoorDash Inc is set at 2.84, with the Price to Sales ratio for DASH stock in the period of the last 12 months amounting to 5.23. The Price to Book ratio for the last quarter was 6.51, with the Price to Cash per share for the same quarter was set at 9.60. Price to Free Cash Flow for DASH in the course of the last twelve months was 48.58 with Quick ratio for the last quarter at 1.71.
DASH Stock Performance Analysis:
DoorDash Inc [DASH] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 4.11. With this latest performance, DASH shares gained by 6.52% in over the last four-week period, additionally plugging by 25.43% over the last 6 months – not to mention a rise of 76.79% 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 64.76, with the RSI for the last a single of trading hit 67.21, and the three-weeks RSI is set at 63.42 for DoorDash Inc [DASH]. The present Moving Average for the last 50 days of trading for this stock 98.80, while it was recorded at 105.75 for the last single week of trading, and 81.01 for the last 200 days.
Insight into DoorDash Inc Fundamentals:
DoorDash Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.71 and a Current Ratio set at 1.71.
DASH Stock EPS
With the latest financial reports released by the company, DoorDash Inc posted -1.65/share EPS, while the average EPS was predicted by analysts to be reported at -0.68/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -142.60%. 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 DASH.
DoorDash Inc [DASH] Institutonal Ownership Details
The top three institutional holders of DASH stocks are: VANGUARD GROUP INC with ownership of 1.3 billion shares, which is approximately 8.2815%. BLACKROCK INC., holding 1.03 billion shares of the stock with an approximate value of $176.59 billion in DASH stocks shares; and BERKSHIRE HATHAWAY INC, currently with $156.75 billion in DASH stock with ownership which is approximately 5.8325%.
