Reassessing The Changing Outlook For DoorDash Inc (DASH)

Currently, there are 363.30M common shares owned by the public and among those 271.82M shares have been available to trade.

Insiders at the company have transacted a total of 422 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 103 of these insider trades were purchases, accounting for 47,610,310 shares. Insider sales of the common stock occurred on 319 occasions, with total insider shares sold totaling 56,254,896 shares.

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However, the script later moved the day high at 113.37, up 3.90%. The company’s stock has a 5-day price change of 6.51% and 21.46% over the past three months. DASH shares are trading 13.60% year to date (YTD), with the 12-month market performance up to 90.28% higher. It has a 12-month low price of $51.50 and touched a high of $110.49 over the same period. DASH has an average intraday trading volume of 4.26 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 6.40%, 11.14%, and 35.59% respectively.

Institutional ownership of DoorDash Inc (NASDAQ: DASH) shares accounts for 59.38% of the company’s 363.30M shares outstanding.

It has a market capitalization of $44.73B and a beta (3y monthly) value of 1.72. The earnings-per-share (ttm) stands at -$2.69. Price movements for the stock have been influenced by the stock’s volatility, which stands at 3.34% over the week and 3.00% over the month.

Earnings per share for the fiscal year are expected to increase by 68.25%, and 94.02% over the next financial year.

Looking at the support for the DASH, a number of firms have released research notes about the stock. BMO Capital Markets stated their Outperform rating for the stock in a research note on January 09, 2024, with the firm’s price target at $120.

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