Reasons why DoorDash Inc’s (NASDAQ:DASH) fundamentals are futile

The price of DoorDash Inc (NASDAQ:DASH) shares last traded on Wall Street fell -3.18% to $84.53.

Based on available information, 36 analysts follow DoorDash Inc (NASDAQ:DASH). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $130.00 and a low of $51.00, we find $95.50. Given the previous closing price of $87.31, this indicates a potential upside of 9.38 percent. DASH stock price is now 6.87% away from the 50-day moving average and 19.10% away from the 200-day moving average. The market capitalization of the company currently stands at $33.24B.

Among analysts, 20 rate the stock a hold while 14 rate it a buy. Brokers who have rated the stock have averaged $98.81 as their price target over the next twelve months.

In other news, Brown Shona L, Director sold 700 shares of the company’s stock on Nov 06. The stock was sold for $64,743 at an average price of $92.49. Upon completion of the transaction, the Director now directly owns 73,617 shares in the company, valued at $6.22 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 01, President and COO Adarkar Prabir sold 8,000 shares of the business’s stock. A total of $603,360 was realized by selling the stock at an average price of $75.42. This leaves the insider owning 962,676 shares of the company worth $81.38 million. Insiders disposed of 47,207,686 shares of company stock worth roughly $3.99 billion over the past 1 year. A total of 33.60% of the company’s stock is owned by insiders.

A candlestick chart of DoorDash Inc (NASDAQ: DASH) showed a price of $87.90 on Thursday morning. During the past 12 months, DoorDash Inc has had a low of $45.93 and a high of $93.19. As of last week, the company has a debt-to-equity ratio of 0.08, a current ratio of 1.71, and a quick ratio of 1.71. The fifty day moving average price for DASH is $79.09 and a two-hundred day moving average price translates $70.98 for the stock.

The latest earnings results from DoorDash Inc (NASDAQ: DASH) was released for Sep, 2023. According to the Internet Content & Information Company, earnings per share came in at -$0.44, missing analysts’ expectations of -$0.41 by -0.03. This compares to -$0.77 EPS in the same period last year. The net profit margin was -12.81% and return on equity was -15.60% for DASH. The company reported revenue of $2.16 billion for the quarter, compared to $1.7 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 27.22 percent. For the current quarter, analysts expect DASH to generate $2.09B in revenue.

DoorDash Inc(DASH) Company Profile

DoorDash, Inc. operates a logistics platform that connects merchants, consumers, and dashers in the United States and internationally. It operates DoorDash and Wolt marketplaces, which provides an array of services that enable merchants to solve mission-critical challenges, such as customer acquisition, delivery, insights and analytics, merchandising, payment processing, and customer support; DashPass and Wolt+, a membership products; and offers DoorDash Drive and Wolt Drive, a white-label delivery fulfillment services; DoorDash Storefront that enables merchants to offer consumers on-demand access to e-commerce; and Bbot, which offers merchants digital ordering and payment solutions for in-store and online channels. The company was formerly known as Palo Alto Delivery Inc. and changed its name to DoorDash, Inc. in 2015. DoorDash, Inc. was incorporated in 2013 and is headquartered in San Francisco, California.

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