Is DocGo Inc (NASDAQ: DCGO) Dead In The Water?

DocGo Inc (NASDAQ:DCGO) price closed lower on Friday, April 12, dropping -2.83% below its previous close.

A look at the daily price movement shows that the last close reads $3.36. The company’s P/E ratio in the trailing 12-month period read 50.23. Taking into account the 52-week price action we note that the stock hit a 52-week high of $10.82 and 52-week low of $2.78. The stock subtracted -6.86% on its value in the past month.

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. On the technical perspective front, indicators give DCGO a short term outlook of 50% Sell on average. Looking at the stock’s medium term indicators we note that it is averaging as a 100% Sell, while an average of long term indicators are currently assigning the stock as 100% Sell.

If we dive deeper into the stock’s performance we see the positive picture represented by the PEG ratio, currently standing at 1.62. The overview shows that DCGO’s price is at present -14.67% off the SMA20 and -12.59% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 33.06, with weekly volatility standing at 10.28%. The indicator jumps to 6.72% when calculated based on the past 30 days. DocGo Inc (NASDAQ:DCGO)’s beta value is holding at 0.93, while the average true range (ATR) indicator is currently reading 0.28. An analysis of the DocGo Inc (NASDAQ:DCGO) stock in terms of its daily trading volume indicates that the 3-month average is 1.21 million.

Current records show that the company has 104.06M in outstanding shares. The insiders’ percentage holdings are 16.97% of outstanding shares while the percentage share held by institutions stands at 46.78%. But the -41.68% downside, 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.

Most Popular