Doximity Inc. (NYSE: DOCS) on May 19, 2023, started off the session at the price of $33.29, plunging -3.81% from the previous trading day. During the day, the shares moved up to $33.29 and dropped to $31.3246 before settling in for the closing price of $33.31. Within the past 52 weeks, DOCS’s price has moved between $22.91 and $47.46.
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The company achieved an average annual earnings per share of 476.70%. With a float of $115.66 million, this company’s outstanding shares have now reached $192.81 million.
The firm has a total of 973 workers. Let’s measure their productivity. In terms of profitability, gross margin is +87.24, operating margin of +29.86, and the pretax margin is +31.78.
Doximity Inc. (DOCS) Insider Activity
Observing investor behavior towards Health Information Services industry stocks is more important than anything else. The insider ownership of Doximity Inc. is 0.70%, while institutional ownership is 96.80%. The most recent insider transaction that took place on Apr 11, was worth 262,500. In this transaction Director of this company sold 7,500 shares at a rate of $35.00, taking the stock ownership to the 4,714 shares. Before that another transaction happened on Apr 03, when Company’s Director sold 10,000 for $32.00, making the entire transaction worth $319,955. This insider now owns 4,714 shares in total.
Doximity Inc. (DOCS) Earnings and Forecasts
As on 3/30/2023, Multinational firm has announced its last quarter scores, in which it reported $0.2 earnings per share (EPS) for the period topping the consensus outlook (set at $0.17) by $0.03. This company achieved a net margin of +26.92 while generating a return on equity of 12.23. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.2 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 476.70% per share during the next fiscal year.
Doximity Inc. (NYSE: DOCS) Trading Performance Indicators
Doximity Inc. (DOCS) is currently performing well based on its current performance indicators. A quick ratio of 8.50 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 15.39. Likewise, its price to free cash flow for the trailing twelve months is 42.76.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 0.53, a number that is poised to hit 0.15 in the next quarter and is forecasted to reach 0.97 in one year’s time.
Technical Analysis of Doximity Inc. (DOCS)
Analysing the last 5-days average volume posted by the [Doximity Inc., DOCS], we can find that recorded value of 2.6 million was better than the volume posted last year of 1.6 million. As of the previous 9 days, the stock’s Stochastic %D was 44.21%. Additionally, its Average True Range was 1.51.
During the past 100 days, Doximity Inc.’s (DOCS) raw stochastic average was set at 32.55%, which indicates a significant increase from 22.23% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 39.38% in the past 14 days, which was lower than the 52.23% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $33.30, while its 200-day Moving Average is $32.64. Now, the first resistance to watch is $33.11. This is followed by the second major resistance level at $34.18. The third major resistance level sits at $35.08. If the price goes on to break the first support level at $31.15, it is likely to go to the next support level at $30.25. Should the price break the second support level, the third support level stands at $29.18.
Doximity Inc. (NYSE: DOCS) Key Stats
Market capitalization of the company is 6.45 billion based on 193,590K outstanding shares. Right now, sales total 343,550 K and income totals 154,780 K. The company made 115,260 K in profit during its latest quarter, and 33,470 K in sales during its previous quarter.
