Doximity Inc (NYSE:DOCS) price closed lower on Tuesday, April 16, dropping -1.42% below its previous close.
A look at the daily price movement shows that the last close reads $25.42. The company’s 5Y monthly beta was ticking 1.17 while its P/E ratio in the trailing 12-month period read 37.76. Taking into account the 52-week price action we note that the stock hit a 52-week high of $37.10 and 52-week low of $19.71. The stock subtracted -10.11% on its value in the past month.
Doximity Inc, which has a market valuation of $4.68 billion, is expected to release its quarterly earnings report May 17, 2024 – May 21, 2024.
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 DOCS 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 50% Buy, while an average of long term indicators are currently assigning the stock as 50% Sell.
If we dive deeper into the stock’s performance we see the positive picture represented by the PEG ratio, currently standing at 3.58. The overview shows that DOCS’s price is at present -6.03% off the SMA20 and -9.60% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 33.69, with weekly volatility standing at 2.30%. The indicator jumps to 2.99% when calculated based on the past 30 days. Doximity Inc (NYSE:DOCS)’s beta value is holding at 1.16, while the average true range (ATR) indicator is currently reading 0.83.
An analysis of the Doximity Inc (NYSE:DOCS) stock in terms of its daily trading volume indicates that the 3-month average is 1.72 million.
Current records show that the company has 120.68M in outstanding shares. The insiders’ percentage holdings are 36.83% of outstanding shares while the percentage share held by institutions stands at 49.67%. But the -10.63% 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.
