In yesterday’s Wall Street session, DocGo Inc. (NASDAQ:DCGO) shares traded at $8.39, down -4.11% from the previous session.
6 analysts cover DocGo Inc. (NASDAQ:DCGO), according to research data. The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $15.00 and a low of $12.00, we find $13.00. Given the previous closing price of $8.75, this indicates a potential upside of 48.57 percent. DCGO stock price is now -7.91% away from the 50-day moving average and -2.68% away from the 200-day moving average. The market capitalization of the company currently stands at $834.39M.
The stock has received a hold rating from 0 analysts and a buy rating from 6. Brokers who have rated the stock have averaged $13.17 as their price target over the next twelve months.
With the price target of $11, Cantor Fitzgerald recently initiated with Overweight rating for DocGo Inc. (NASDAQ: DCGO).
In other news, Capone Anthony, Chief Executive Officer sold 5,400 shares of the company’s stock on Jun 08. The stock was sold for $51,300 at an average price of $9.50. Upon completion of the transaction, the Chief Executive Officer now directly owns 421,275 shares in the company, valued at $3.53 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jun 01, Oberholzer Adriaan Stephanus sold 42,497 shares of the business’s stock. A total of $385,448 was realized by selling the stock at an average price of $9.07. This leaves the insider owning 1,243,413 shares of the company worth $10.43 million. Insiders disposed of 4,741,076 shares of company stock worth roughly $39.78 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 DEERFIELD MANAGEMENT COMPANY, L.P. (SERIES C) during the first quarter worth $25,665,000. SUMMIT CREEK ADVISORS LLC invested $4,906,000 in shares of DCGO during the first quarter. In the first quarter, POLEN CAPITAL MANAGEMENT LLC acquired a new stake in DocGo Inc. valued at approximately $3,083,000. INVENIRE PARTNERS, LP acquired a new stake in DCGO for approximately $2,308,000. ROYCE & ASSOCIATES LP purchased a new stake in DCGO valued at around $2,089,000 in the second quarter. In total, there are 208 active investors with 38.60% ownership of the company’s stock.
On Monday morning DocGo Inc. (NASDAQ: DCGO) stock kicked off with the opening price of $8.50. During the past 12 months, DocGo Inc. has had a low of $6.36 and a high of $11.41. As of last week, the company has a debt-to-equity ratio of 0.04, a current ratio of 2.40, and a quick ratio of 2.40. According to the stock market information, the enterprise value for the company is $805.77M, which is based on a 45.35 price-to-earnings ratio, a 1.46 price-to-earnings-growth ratio, and a beta of 0.89. The fifty day moving average price for DCGO is $9.10 and a two-hundred day moving average price translates $8.61 for the stock.
The latest earnings results from DocGo Inc. (NASDAQ: DCGO) was released for Mar, 2023. According to the Medical Care Facilities Company, earnings per share came in at -$0.03, missing analysts’ expectations of $0.02 by -0.05. This compares to $0.08 EPS in the same period last year. The net profit margin was 4.70% and return on equity was 7.70% for DCGO. The company reported revenue of $113.0 million for the quarter, compared to $117.89 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -4.15 percent. For the current quarter, analysts expect DCGO to generate $120.15M 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; testing; vaccinations; and event services, which include on-site healthcare support at sporting events and concerts. DocGo Inc. was incorporated in 2015 and is based in New York, New York.
