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Analyze DoorDash Inc. (NYSE: DASH) With This Review Before Investing

DoorDash Inc. (NYSE:DASH) traded at $60.04 at last check on Tuesday, January 24, made a downward move of -0.90% on its previous day’s price.

Looking at the stock we see that its previous close was $60.59 with the day’s price range being $57.95 – $60.90. In terms of its 52-week price range, DASH has a high of $130.20 and a low of $41.37. The company’s stock has gained about 18.04% over that past 30 days.

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DoorDash Inc. has a market cap of $22.16 billion and is expected to release its quarterly earnings report on Feb 14, 2023 – Feb 20, 2023. Estimates by analysts give the company expected earnings per share (EPS) of -$0.6, with the EPS growth for the year raised at -$2.23 for 2022 and -$1.65 for next year. These figures represent -60.40% and 26.00% growth in EPS for the two years respectively.

Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at $1.63 billion, with a low of $1.56 billion and a high of $1.76 billion. According to analyst consensus estimates figures, the company’s yearly revenue forecast for 2022 is expected to hit $6.37 billion, or 30.20% up from figures reported last year.

There have been no upward and no downward revisions for the stock’s EPS in last 7 days, something that reflects the nature of company’s price movement in short term. On the other hand, looking at the outlook for the DASH stock, short term indicators assign the stock an average of 50% Sell, while medium term indicators assign it an average of Hold. Long term indicators on average place the stock in the category of Hold.

Looking further, we note the current price level is 17.34% off its SMA20 and 10.82% from its 50-day simple moving average. The RSI (14) is pointing at 68.07 while the volatility over the past week is 4.95% and jumps to 5.15% over the past one month.

Coming back to DoorDash Inc. (NYSE:DASH), we note that the average 3-month trading volume was 5.18 million, while that of the preceding 10-day period stands at 4.5 million. Current shares outstanding are 384.76 million.

The insiders hold 0.50% of the company’s shares while institutions hold 86.20%. The data shows that short shares as of Oct 13, 2022, stood at 22.62 million at a short ratio of 4.18. This represents a 5.86% short interest in shares outstanding on Oct 13, 2022. Shares short rose in October from the previous month at 18.71 million. Investors should be excited about this stock as its upside potential is great, with today’s price pushing the stock 24.11% up in year-to-date price movement.

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