While Doximity Inc has underperformed by -5.11%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, DOCS rose by 130.39%, with highs and lows ranging from $85.21 to $22.96, whereas the simple moving average jumped by 49.56% in the last 200 days.
On February 07, 2025, Piper Sandler Upgraded Doximity Inc (NYSE: DOCS) to Overweight. A report published by Leerink Partners on February 07, 2025, Upgraded its rating to ‘Outperform’ for DOCS. Stephens also rated DOCS shares as ‘Equal-Weight’, setting a target price of $55 on the company’s shares in an initiating report dated December 20, 2024. Mizuho Initiated an Neutral rating on December 04, 2024, and assigned a price target of $55. Goldman initiated its ‘Neutral’ rating for DOCS, as published in its report on November 15, 2024. Morgan Stanley’s report from November 14, 2024 suggests a price prediction of $53 for DOCS shares, giving the stock a ‘Equal-Weight’ rating. Canaccord Genuity also rated the stock as ‘Hold’.
Analysis of Doximity Inc (DOCS)
Further, the quarter-over-quarter increase in sales is 24.63%, showing a positive trend in the upcoming months.
In order to gain a clear picture of Doximity Inc’s future performance, a variety of well-rounded analysis and research techniques can be applied, with equity being the most critical. The goal here is to ensure that your current return on equity of 21.24% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 8.67, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
An average volume of 2.38M can be a very valuable indicator of volatility for DOCS stock. On a monthly basis, the volatility of the stock is set at 5.12%, whereas on a weekly basis, it is put at 5.11%, with a loss of -5.03% over the past seven days. Furthermore, long-term investors anticipate a median target price of $74.67, showing growth from the present price of $65.96, which can serve as yet another indication of whether DOCS is worth investing in or should be passed over.
How Do You Analyze Doximity Inc Shares?
The USA based company Doximity Inc (DOCS) is one of the biggest names in Health Information Services. When comparing Doximity Inc shares with other companies under Healthcare, the P/E value is an influential factor to note. This is because it represents an indication of the future growth of the company in terms of investors’ expectations. Ultimately, the value of the latter should demonstrate steady, rapid growth, which is an accurate measure of the company’s progress. In addition to the value of 65.84, there is a growth in quarterly earnings of 55.43%.
In addition to the fundamentals, you should also consider how many employees own shares in the company. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 31.00%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 61.83% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
DOCS shares are owned by institutional investors to the tune of 61.83% at present.
