DoorDash Inc (NASDAQ: DASH) has seen a rise in its stock price by 3.33 in relation to its previous close of 110.21. However, the company has experienced a 0.10% gain in its stock price over the last five trading sessions. seekingalpha.com reported 2024-06-22 that DoorDash dominates the online food delivery market in the U.S. with a 66% market share and is present in 25 other countries. The company’s financial performance aligns with its business strength, with potential for international expansion and a 12% CAGR projected for the industry. Despite a 15% potential upside, the stock’s high beta warrants a Buy rating rather than a Strong Buy.
Is It Worth Investing in DoorDash Inc (NASDAQ: DASH) Right Now?
The 36-month beta value for DASH is at 1.67. Analysts have varying views on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 as “hold,” and 0 as “sell.”
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The public float for DASH is 303.20M, and currently, shorts hold a 4.42% of that float. The average trading volume for DASH on June 24, 2024 was 3.77M shares.
DASH’s Market Performance
DASH’s stock has seen a 0.10% increase for the week, with a 0.94% rise in the past month and a -16.73% fall in the past quarter. The volatility ratio for the week is 3.05%, and the volatility levels for the past 30 days are at 2.85% for DoorDash Inc The simple moving average for the last 20 days is 1.60% for DASH stock, with a simple moving average of 7.41% for the last 200 days.
Analysts’ Opinion of DASH
Many brokerage firms have already submitted their reports for DASH stocks, with Loop Capital repeating the rating for DASH by listing it as a “Buy.” The predicted price for DASH in the upcoming period, according to Loop Capital is $170 based on the research report published on April 19, 2024 of the current year 2024.
MoffettNathanson, on the other hand, stated in their research note that they expect to see DASH reach a price target of $164, previously predicting the price at $118. The rating they have provided for DASH stocks is “Buy” according to the report published on April 11th, 2024.
The Benchmark Company gave a rating of “Buy” to DASH, setting the target price at $165 in the report published on April 04th of the current year.
DASH Trading at -4.44% from the 50-Day Moving Average
After a stumble in the market that brought DASH to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -20.55% of loss for the given period.
Volatility was left at 2.85%, however, over the last 30 days, the volatility rate increased by 3.05%, as shares surge +2.02% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -16.98% lower at present.
During the last 5 trading sessions, DASH rose by +0.10%, which changed the moving average for the period of 200-days by +36.09% in comparison to the 20-day moving average, which settled at $112.19. In addition, DoorDash Inc saw 15.16% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at DASH starting from Xu Tony, who sale 131,590 shares at the price of $111.61 back on Jun 10 ’24. After this action, Xu Tony now owns 0 shares of DoorDash Inc, valued at $14,686,826 using the latest closing price.
Fang Andy, the Director of DoorDash Inc, sale 50,000 shares at $111.96 during a trade that took place back on Jun 10 ’24, which means that Fang Andy is holding 39,275 shares at $5,597,823 based on the most recent closing price.
Stock Fundamentals for DASH
Current profitability levels for the company are sitting at:
- -0.05 for the present operating margin
- 0.47 for the gross margin
The net margin for DoorDash Inc stands at -0.05. The total capital return value is set at -0.06. Equity return is now at value -6.21, with -3.98 for asset returns.
Based on DoorDash Inc (DASH), the company’s capital structure generated 0.07 points at debt to capital in total, while cash flow to debt ratio is standing at 3.34. The debt to equity ratio resting at 0.08. The interest coverage ratio of the stock is -3.11.
Currently, EBITDA for the company is -66.0 million with net debt to EBITDA at -43.68. When we switch over and look at the enterprise to sales, we see a ratio of 4.83. The receivables turnover for the company is 16.69for trailing twelve months and the total asset turnover is 0.8. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.62.
Conclusion
In conclusion, DoorDash Inc (DASH) has had a better performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
