DoorDash Inc. (NYSE:DASH) price closed lower on Tuesday, September 14, dropping -2.55% below its previous close.
A look at the daily price movement shows that the last close reads $208.64, with intraday deals fluctuated between $203.10 and $211.70. Taking into account the 52-week price action we note that the stock hit a 52-week high of $256.09 and 52-week low of $110.13. The stock added 4.38% on its value in the past month.
DoorDash Inc., which has a market valuation of $67.85 billion, is expected to release its quarterly earnings report Aug 12, 2021. Analysts tracking DASH have forecast the quarterly EPS to shrink by -0.28 per share this quarter, while the same analysts predict the annual EPS to hit -$1.13 for the year 2021 and up to -$0.78 for 2022. In this case, analysts estimate an annual EPS growth of 84.70% for the year and 31.00% for the next year.
On average, analysts have forecast the company’s revenue for the quarter will hit $1.14 billion, with the likely lows of $975 million and highs of $1.2 billion. Staying with the analyst view, there is a consensus estimate of $4.64 billion for the company’s annual revenue in 2021. Per this projection, the revenue is forecast to grow 60.80% above that which the company brought in 2021.
Revisions to the company’s EPS highlights a short term direction of a stock’s price movement, which in the last 7 days came up with no upward and no downward reviews.
Here is a look at the average analyst rating for the stock as represented on a scale of 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock is strong buy or strong sell respectively. Specifically, 21 analysts have assigned DASH a recommendation rating as follows: 11 rate it as a Hold; 9 advise Buy while 0 analyst(s) assign an Overweight rating. 1 analyst(s) have tagged the DoorDash Inc. (DASH) stock as Underweight, with 0 recommending Sell. In general, analysts have rated the stock Overweight, a scenario likely to bolster investors out for an opportunity to add to their holdings of the company’s shares.
The overview shows that DASH’s price is at present 5.49% off the SMA20 and 9.65% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 61.83, with weekly volatility standing at 4.24%. The indicator jumps to 3.93% when calculated based on the past 30 days. DoorDash Inc. (NYSE:DASH)’s beta value is holding at 0, while the average true range (ATR) indicator is currently reading 7.81. Considering analysts have assigned the stock a price target range of $160.00-$235.00 as the low and high respectively, we find the trailing 12-month average consensus price target to be $202.63. Based on this estimate, we see that current price is roughly 21.31% off the estimated low and -15.58% off the forecast high. Investors will no doubt be excited to see the share price fall to $210.00, which is the median consensus price, and at that level DASH would be -3.28% from current price.
An analysis of the DoorDash Inc. (NYSE:DASH) stock in terms of its daily trading volume indicates that the 3-month average is 2.89 million.
Current records show that the company has 334.71M in outstanding shares. The insiders’ percentage holdings are 0.70% of outstanding shares while the percentage share held by institutions stands at 91.60%. But the 42.44% upside, the stock’s price has registered year-to-date as of last trading, will likely reignite investor interest given the prospect of it rallying even higher.