DocGo Inc (NASDAQ:DCGO) price on Thursday, February 27, fall -3.45% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $3.92.
A look at the stock’s price movement, the close in the last trading session was $4.06. The PE ratio in trailing twelve months stood at 13.55. Turning to its 52-week performance, $5.68 and $2.75 were the 52-week high and 52-week low respectively. Overall, DCGO moved -17.99% over the past month.
DocGo Inc’s market cap currently stands at around $400.04 million, with investors looking forward to this quarter’s earnings report slated for in March.
Analysts have a consensus estimate of 111.93M for the company’s revenue for the quarter, with a low and high estimate of 102.67M and 126.38M respectively. The average forecast suggests down to a -41.73% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 418.63M, representing a -32.10% decline on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that DCGO is a 50% Buy. On the other hand, the stock is on average a 50% Buy as suggested by medium term indicators while long term indicators are putting the stock in Hold category.
2 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 0 analyst(s) rate the stock as a Hold, 2 recommend DCGO as a Buy and 0 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 Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
DCGO’s current price about -21.05% and -14.79% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 30.02, while 7-day volatility ratio is 7.88% and 5.33% in the 30-day chart. Further, DocGo Inc (DCGO) has a beta value of 1.03, and an average true range (ATR) of 0.27. Analysts have given the company’s stock an average 52-week price target of $9.5, forecast between a low of $5 and high of $11. Looking at the price targets, the low is -27.55% off current price level while to achieve the yearly target high, price needs to move -180.61%. Nonetheless, investors will most likely welcome a -142.35% jump to $9.5 which is the analysts’ median price.
If we refocus on DocGo Inc (NASDAQ:DCGO), historical trading data shows that trading volumes averaged 617.27K over the past 3 months. The company’s latest data on shares outstanding shows there are 101.98 million shares.
The 14.49% of DocGo Inc’s shares are in the hands of company insiders while institutional holders own 47.76% of the company’s shares. Current price change has pushed the stock -7.55% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the DCGO stock continues to rise going into the next quarter.
