DocGo Inc. (NASDAQ:DCGO) shares traded 7.51% higher at $8.30 on Wall Street last session.
DCGO stock price is now 13.92% away from the 50-day moving average and 0.97% away from the 200-day moving average. The market capitalization of the company currently stands at $790.58M.
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With the price target of $11, Deutsche Bank recently initiated with Buy rating for DocGo Inc. (NASDAQ: DCGO). On January 19, 2022, Stifel recently initiated its ‘Buy’ rating on the stock quoting a target price of $14, while ‘Canaccord Genuity’ rates the stock as ‘Buy’.
Insiders disposed of 290,869 shares of company stock worth roughly $2.41 million over the past 1 year. A total of 0.80% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in DCGO stock. A new stake in DocGo Inc. shares was purchased by POINT72 ASSET MANAGEMENT, L.P. during the first quarter worth $6,816,000. PORTOLAN CAPITAL MANAGEMENT, LLC invested $5,215,000 in shares of DCGO during the first quarter. In the first quarter, KENNEDY CAPITAL MANAGEMENT, INC. acquired a new stake in DocGo Inc. valued at approximately $3,431,000. ALLSPRING GLOBAL INVESTMENTS HOLDINGS, LLC acquired a new stake in DCGO for approximately $2,520,000. INVENIRE PARTNERS, LP purchased a new stake in DCGO valued at around $2,283,000 in the second quarter. In total, there are 133 active investors with 38.60% ownership of the company’s stock.
DocGo Inc. (NASDAQ: DCGO) opened at $7.80 on Friday. During the past 12 months, DocGo Inc. has had a low of $4.96 and a high of $11.41. As of last week, the company has a debt-to-equity ratio of 0.05, a current ratio of 3.50, and a quick ratio of 3.50. The fifty day moving average price for DCGO is $7.25 and a two-hundred day moving average price translates $8.22 for the stock.
The latest earnings results from DocGo Inc. (NASDAQ: DCGO) was released for Jun, 2022. According to the Medical Care Facilities Company, earnings per share came in at $0.11, beating analysts’ expectations of $0.04 by 0.07. This compares to $0.01 EPS in the same period last year. The company reported revenue of $104.32 million for the quarter, compared to $85.84 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 21.53 percent. For the current quarter, analysts expect DCGO to generate $97.78M in revenue.
DocGo Inc.(DCGO) Company Profile
DocGo, Inc. provides mobile health and medical transportation services for various health care providers in the United States and the United Kingdom. The company’s transportation services include emergency response services; and non-emergency transport services comprise ambulance and wheelchair transportation services. It also offers mobile health services through its platform that are performed at home and offices; COVID-19 testing; and event services, which include on-site healthcare support at sporting events and concerts. DocGo, Inc. was incorporated in 2015 and is headquartered in New York, New York.
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