Doximity Inc [NYSE: DOCS] stock went on a downward path that fall over -8.94% on Wednesday, amounting to a one-week price increase of more than 24.82%.
Over the last 12 months, DOCS stock rose by 121.36%. The one-year Doximity Inc stock forecast points to a potential upside of 0.62. The average equity rating for DOCS stock is currently 2.50, trading closer to a bullish pattern in the stock market.
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The market cap for the stock reached $9.87 billion, with 124.10 million shares outstanding and 120.56 million shares in the current float. Compared to the average trading volume of 1.69M shares, DOCS stock reached a trading volume of 4316922 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on Doximity Inc [DOCS]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for DOCS shares is $53.19 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on DOCS stock is a recommendation set at 2.50. 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.
Canaccord Genuity have made an estimate for Doximity Inc shares, keeping their opinion on the stock as Hold, with their previous recommendation back on Nov-14-24. While these analysts kept the previous recommendation, Wells Fargo raised their target price from $19 to $41. The new note on the price target was released on November 08, 2024, representing the official price target for Doximity Inc stock. Previously, the target price had yet another raise to $70, while KeyBanc Capital Markets analysts kept a Overweight rating on DOCS stock. On October 15, 2024, analysts increased their price target for DOCS shares from 35 to 52.
The Average True Range (ATR) for Doximity Inc is set at 2.71, with the Price to Sales ratio for DOCS stock in the period of the last 12 months amounting to 19.09. The Price to Book ratio for the last quarter was 10.27, with the Price to Cash per share for the same quarter was set at 4.31. Price to Free Cash Flow for DOCS in the course of the last twelve months was 45.40 with Quick ratio for the last quarter at 7.21.
DOCS Stock Performance Analysis:
Doximity Inc [DOCS] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 24.82. With this latest performance, DOCS shares gained by 20.52% in over the last four-week period, additionally plugging by 121.64% over the last 6 months – not to mention a rise of 121.36% 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 DOCS stock in for the last two-week period is set at 63.18, with the RSI for the last a single of trading hit 61.71, and the three-weeks RSI is set at 63.81 for Doximity Inc [DOCS]. The present Moving Average for the last 50 days of trading for this stock 42.82, while it was recorded at 54.77 for the last single week of trading, and 31.89 for the last 200 days.
Insight into Doximity Inc Fundamentals:
Doximity Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 7.21 and a Current Ratio set at 7.21.
DOCS Stock EPS
With the latest financial reports released by the company, Doximity Inc posted 0.29/share EPS, while the average EPS was predicted by analysts to be reported at 0.23/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 0.06. 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 DOCS. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Doximity Inc go to 14.34%.
Doximity Inc [DOCS] Institutonal Ownership Details
There are presently around $91.45%, or 94.03%% of DOCS stock, in the hands of institutional investors. The top three institutional holders of DOCS stocks are: BLACKROCK INC. with ownership of 10.77 million shares, which is approximately 5.661%. VANGUARD GROUP INC, holding 10.55 million shares of the stock with an approximate value of $$294.98 million in DOCS stocks shares; and VANGUARD GROUP INC, currently with $$193.62 million in DOCS stock with ownership which is approximately 3.6402%.
