A new trading day began on Friday, with Doximity Inc (NYSE: DOCS) stock price down -5.07% from the previous day of trading, before settling in for the closing price of $52.04. DOCS’s price has ranged from $22.96 to $61.75 over the past 52 weeks.
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A company in the Healthcare sector has jumped its sales by 43.01% annually for the last half of the decade. Meanwhile, its annual earnings per share averaged 19.26%. With a float of $123.42 million, this company’s outstanding shares have now reached $124.10 million.
In an organization with 827 employees, it is important to assess its efficiency. In terms of profitability, gross margin is 89.94%, operating margin of 38.66%, and the pretax margin is 43.79%.
Doximity Inc (DOCS) Insider and Institutional Ownership
As we move forward, let’s examine how large-scale investors are investing in this stock of the Health Information Services Industry. The insider ownership of Doximity Inc is 33.90%, while institutional ownership is 61.05%. The most recent insider transaction that took place on Nov 12 ’24, was worth 5,842,248. In this transaction Chief Financial Officer of this company sold 100,000 shares at a rate of $58.42, taking the stock ownership to the 304,506 shares. Before that another transaction happened on Nov 12 ’24, when Company’s Officer proposed sale 70,000 for $60.00, making the entire transaction worth $4,200,000.
Doximity Inc (DOCS) Latest Financial update
In its latest quarterly report, released on 9/30/2024, the company reported earnings of 0.29 per share, which was $0.1 higher than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.23 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 19.26% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 14.34% during the next five years compared to 193.38% growth over the previous five years of trading.
Doximity Inc (NYSE: DOCS) Trading Performance Indicators
Here are Doximity Inc’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 7.21. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 16.94. Likewise, its price to free cash flow for the trailing twelve months is 40.28.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 0.87, a number that is poised to hit 0.33 in the next quarter and is forecasted to reach 1.22 in one year’s time.
Technical Analysis of Doximity Inc (DOCS)
Let’s dig in a bit further. During the last 5-days, its volume was 3.76 million. That was better than the volume of 1.74 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 49.45%. Additionally, its Average True Range was 2.77.
During the past 100 days, Doximity Inc’s (DOCS) raw stochastic average was set at 66.39%, which indicates a significant increase from 40.40% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 135.60% in the past 14 days, which was higher than the 77.38% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $43.41, while its 200-day Moving Average is $32.12. However, in the short run, Doximity Inc’s stock first resistance to watch stands at $50.75. Second resistance stands at $52.11. The third major resistance level sits at $53.40. If the price goes on to break the first support level at $48.10, it is likely to go to the next support level at $46.81. The third support level lies at $45.45 if the price breaches the second support level.
Doximity Inc (NYSE: DOCS) Key Stats
With a market capitalization of 8.76 billion, the company has a total of 186,692K Shares Outstanding. Currently, annual sales are 475,420 K while annual income is 147,580 K. The company’s previous quarter sales were 136,830 K while its latest quarter income was 44,150 K.
