Doximity Inc (NYSE:DOCS): A Fundamentally Weighted Stock for Long-Term Investors

The stock of Doximity Inc (NYSE:DOCS) last traded at $23.83, up 16.24% from the previous session.

Data from the available sources indicates that Doximity Inc (NYSE:DOCS) is covered by 16 analysts. The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $31.00 and a low of $21.00, we find $25.00. Given the previous closing price of $20.50, this indicates a potential upside of 21.95 percent. DOCS stock price is now 10.21% away from the 50-day moving average and -19.89% away from the 200-day moving average. The market capitalization of the company currently stands at $4.61B.

In total, 9 analysts have assigned it a hold rating, and 3 have given it a buy rating. Brokers who have rated the stock have averaged $26.27 as their price target over the next twelve months.

In other news, Overpeck Craig, insider sold 1,000 shares of the company’s stock on Oct 16. The stock was sold for $21,550 at an average price of $21.55. Upon completion of the transaction, the insider now directly owns 119,741 shares in the company, valued at $2.85 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Sep 15, Overpeck Craig sold 1,000 shares of the business’s stock. A total of $21,480 was realized by selling the stock at an average price of $21.48. This leaves the insider owning 120,741 shares of the company worth $2.88 million. Insiders disposed of 7,326,268 shares of company stock worth roughly $174.58 million over the past 1 year. A total of 36.95% of the company’s stock is owned by insiders.

With an opening price of $24.44 on Friday morning, Doximity Inc (NYSE: DOCS) set off the trading day. During the past 12 months, Doximity Inc has had a low of $19.71 and a high of $40.12. As of last week, the company has a debt-to-equity ratio of 0.02, a current ratio of 6.98, and a quick ratio of 6.98. According to the stock market information, the enterprise value for the company is $3.72B, which is based on a 40.93 price-to-earnings ratio, a 4.65 price-to-earnings-growth ratio, and a beta of 1.03. The fifty day moving average price for DOCS is $21.62 and a two-hundred day moving average price translates $29.70 for the stock.

The latest earnings results from Doximity Inc (NYSE: DOCS) was released for Sep, 2023. According to the Health Information Services Company, earnings per share came in at $0.19, beating analysts’ expectations of $0.15 by 0.04. This compares to $0.12 EPS in the same period last year. The net profit margin was 27.47% and return on equity was 14.07% for DOCS. The company reported revenue of $113.61 million for the quarter, compared to $102.19 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 11.18 percent. For the current quarter, analysts expect DOCS to generate $109.06M in revenue.

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