Doximity Inc. (DOCS): A Fresh Data-Based Analysis – Stocks Register
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Doximity Inc. (DOCS): A Fresh Data-Based Analysis

Doximity Inc. (NYSE:DOCS) price on Thursday, August 26, fall -12.81% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $80.26.

A look at the stock’s price movement, the close in the last trading session was $92.05, moving within a range at $80.0701 and $89.47. Turning to its 52-week performance, $95.97 and $41.17 were the 52-week high and 52-week low respectively. Overall, DOCS moved 38.45% over the past month.


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Doximity Inc.’s market cap currently stands at around $14.53 billion, with investors looking forward to this quarter’s earnings report slated for Aug 10, 2021.

Analysts have a consensus estimate of $72.67 million for the company’s revenue for the quarter, with a low and high estimate of $62.9 million and $64.16 million respectively.

Revisions could be used as tool to get short term price movement insight, and for the company that in the past seven days was no upward and no downward review(s).

9 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 3 analyst(s) rate the stock as a Hold, 5 recommend DOCS as a Buy and 1 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Overweight which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.

DOCS’s current price about 15.81% and 30.95% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 57.98, while 7-day volatility ratio is 9.17% and 9.66% in the 30-day chart. Further, Doximity Inc. (DOCS) has a beta value of 0, and an average true range (ATR) of 7.29. Analysts have given the company’s stock an average 52-week price target of $61.13, forecast between a low of $40.00 and high of $70.00. Looking at the price targets, the low is 50.16% off current price level while to achieve the yearly target high, price needs to move 12.78%. Nonetheless, investors will most likely welcome a 20.88% jump to $63.50 which is the analysts’ median price.

In the market, a comparison of Doximity Inc. (DOCS) and its peers suggest the former has performed considerably weaker. Elsewhere, the overall performance for the S&P 500 and Dow Jones Industrial shows that the indexes are down -0.58% and -0.54% respectively in the last trading.

If we refocus on Doximity Inc. (NYSE:DOCS), historical trading data shows that trading volumes averaged 2.09 million over the past 3 months. The company’s latest data on shares outstanding shows there are 185.21 million shares.

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The 0.20% of Doximity Inc.’s shares are in the hands of company insiders while institutional holders own 49.60% of the company’s shares. Current price change has pushed the stock 51.43% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the DOCS stock continues to rise going into the next quarter.

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