DoorDash Inc [NASDAQ: DASH] stock went on an upward path that rose over 2.92% on Tuesday, amounting to a one-week price decrease of less than -0.19%.
Over the last 12 months, DASH stock rose by 29.51%. The one-year DoorDash Inc stock forecast points to a potential upside of 19.39. The average equity rating for DASH stock is currently 1.88, trading closer to a bullish pattern in the stock market.
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The market cap for the stock reached $44.46 billion, with 375.99 million shares outstanding and 303.94 million shares in the current float. Compared to the average trading volume of 4.26M shares, DASH stock reached a trading volume of 4555525 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 $134.89 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 1.88. 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.
Wolfe Research have made an estimate for DoorDash Inc shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on Jul-17-24. While these analysts kept the previous recommendation, KeyBanc Capital Markets raised their target price to Sector Weight. The new note on the price target was released on July 11, 2024, representing the official price target for DoorDash Inc stock. Previously, the target price had yet another raise to $170, while Loop Capital analysts kept a Buy rating on DASH stock. On April 11, 2024, analysts increased their price target for DASH shares from 118 to 164.
The Average True Range (ATR) for DoorDash Inc is set at 3.37, with the Price to Sales ratio for DASH stock in the period of the last 12 months amounting to 4.88. The Price to Book ratio for the last quarter was 6.35, with the Price to Cash per share for the same quarter was set at 10.98. Price to Free Cash Flow for DASH in the course of the last twelve months was 29.25 with Quick ratio for the last quarter at 1.62.
DASH Stock Performance Analysis:
DoorDash Inc [DASH] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -0.19. With this latest performance, DASH shares dropped by -4.42% in over the last four-week period, additionally plugging by 4.43% over the last 6 months – not to mention a rise of 29.51% 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 46.96, with the RSI for the last a single of trading hit 50.82, and the three-weeks RSI is set at 45.20 for DoorDash Inc [DASH]. The present Moving Average for the last 50 days of trading for this stock 111.82, while it was recorded at 106.16 for the last single week of trading, and 108.47 for the last 200 days.
Insight into DoorDash Inc Fundamentals:
DoorDash Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.62 and a Current Ratio set at 1.62.
DoorDash Inc [DASH] Institutonal Ownership Details
The top three institutional holders of DASH stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.5034%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $178.43 billion in DASH stocks shares; and BERKSHIRE HATHAWAY INC, currently with $135.36 billion in DASH stock with ownership which is approximately 5.1238%.