Keefe Bruyette has recently raised DoorDash Inc (DASH) stock to Outperform rating, as announced on September 25, 2024, according to Finviz. Earlier, on September 24, 2024, Raymond James had resumed the stock to Outperform, setting a price target of $155. BTIG Research also raised Buy rating with a price target of $155. Additionally, Cantor Fitzgerald initiated Overweight rating on September 5, 2024, with a target price of $160. Redburn Atlantic analysts, in their report published on July 26, 2024, also initiated Buy rating and set a price target of $170 for DoorDash Inc’s stock. Analyst ratings are significant because they provide insights into stock performance expectations, influencing investor decisions and market sentiment.
DoorDash Inc (DASH) Stock Trading Recap
On Wednesday, DoorDash Inc (DASH) stock saw a decline, ending the day at $150.92 which represents a decrease of $-1.62 or -1.06% from the prior close of $152.54. The stock opened at $152 and touched a low of $150.26 during the day, reaching a high of $153.04. The volume of shares traded was 1.97 million falling short of the average volume of 3.62 million.
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DASH Stock Performance and Moving Averages
In recent trading, DoorDash Inc (DASH) stock price has shown some volatility, fluctuating 0.71% over the last five trades and 6.52% over the past 30 trades. This represents a notable shift from earlier in the year. Over the last six months, the stock has risen by 19.06%, and it has gained 49.75% in the previous three months. Currently, DASH is trading at 2.99%, 10.35%, and 22.89% relative to its 20-Day, 50-Day, and 200-Day Simple Moving Averages, respectively.
As of the latest trading close, DASH, a Communication Services sector stock, is trading -2.10% below its 52-week high but remains 115.91% above its 52-week low. The Average True Range (ATR) (14 days) of 3.21 highlights the stock’s average volatility, providing insight into how much the price typically fluctuates. This measure is crucial for understanding potential price swings and assessing overall market risk.
DoorDash Inc’s Profitability and Valuation Ratios
DoorDash Inc’s profitability metrics reveal strong financial health. The company currently boasts an operating margin of -4.76% and a profit margin of -4.24%, with a gross margin of 19.06%. The profit margin, also known as the revenue ratio or gross profit ratio, measures how efficiently a company converts sales into net income; higher margins indicate greater profitability.
In terms of valuation, DoorDash Inc’s market capitalization stands at $62.11 billion. Market cap represents the total value of all outstanding shares and is a key indicator of a company’s market value. The forward P/E ratio, which uses projected earnings for the next financial year, is 92.69. Additionally, the Price-to-Sales Ratio is 6.46, reflecting the market’s valuation of the company’s sales, while the Price-to-Book Ratio is 8.71, comparing the market value to the company’s book value.
Understanding Insider Trading
Investors often prefer to invest in shares held by company insiders, as management is typically more aligned with the company’s success and shareholder interests. Currently, insiders own just 25.32% of DoorDash Inc (DASH)’s shares, while financial institutions hold 67.46%.
Notable insider trades include Xu Tony, CHIEF EXECUTIVE OFFICER at DoorDash Inc (DASH), who sold 81249 shares on Oct 15 ’24, at $147.87 each, totaling $12.01 million. On Oct 15 ’24, Adarkar Prabir, PRESIDENT AND COO, sold 32124 shares for $147.99 each, amounting to $4.75 million. Additionally, on Oct 16 ’24, Adarkar Prabir sold 7876 shares at $150 each, generating $1.18 million.
