DoorDash Inc [NASDAQ: DASH] loss -1.56% or -2.02 points to close at $127.54 with a heavy trading volume of 5545199 shares.
The daily chart for DASH points out that the company has recorded 10.44% gains over the past six months.
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If we look at the average trading volume of 4.41M shares, DASH reached to a volume of 5545199 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 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 $144.12 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.
Redburn Atlantic have made an estimate for DoorDash Inc shares, keeping their opinion on the stock as Buy, with their previous recommendation back on July 26, 2024. While these analysts kept the previous recommendation, Argus raised their target price to Hold. The new note on the price target was released on July 23, 2024, representing the official price target for DoorDash Inc stock. Previously, the target price had yet another raise to $130, while Wolfe Research analysts kept a Outperform rating on DASH stock.
The Average True Range (ATR) for DoorDash Inc is set at 4.49, with the Price to Sales ratio for DASH stock in the period of the last 12 months amounting to 5.46. The Price to Book ratio for the last quarter was 7.36, with the Price to Cash per share for the same quarter was set at 11.79. Price to Free Cash Flow for DASH in the course of the last twelve months was 31.62 with Quick ratio for the last quarter at 1.63.
Trading performance analysis for DASH stock
DoorDash Inc [DASH] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -0.31. With this latest performance, DASH shares gained by 22.05% in over the last four-week period, additionally plugging by 10.44% over the last 6 months – not to mention a rise of 63.89% 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 65.14, with the RSI for the last a single of trading hit 65.81, and the three-weeks RSI is set at 62.70 for DoorDash Inc [DASH]. The present Moving Average for the last 50 days of trading for this stock 112.78, while it was recorded at 128.67 for the last single week of trading, and 113.42 for the last 200 days.
DoorDash Inc [DASH]: A deeper dive into fundamental analysis
DoorDash Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.63 and a Current Ratio set at 1.63.
DoorDash Inc [DASH]: An earnings per share (EPS) analysis
With the latest financial reports released by the company, DoorDash Inc posted -0.19/share EPS, while the average EPS was predicted by analysts to be reported at -0.4/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 0.21. 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. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for DoorDash Inc go to 43.50%.
An analysis of Institutional ownership at DoorDash Inc [DASH]
There are presently around $93.55%, or 94.18%% 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 31.66 million shares, which is approximately 7.9274%. VANGUARD GROUP INC, holding 26.93 million shares of the stock with an approximate value of $$3.71 billion in DASH stocks shares; and VANGUARD GROUP INC, currently with $$3.62 billion in DASH stock with ownership which is approximately 6.5847%.
