DoorDash Inc (DASH) concluded trading on Wednesday at a closing price of $127.46, with 6.68 million shares of worth about $851.68 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 74.10% during that period and on May 01, 2024 the price saw a loss of about -1.39%. Currently the company’s common shares owned by public are about 375.99M shares, out of which, 288.34M shares are available for trading.
Stock saw a price change of 0.55% in past 5 days and over the past one month there was a price change of -7.30%. Year-to-date (YTD), DASH shares are showing a performance of 28.89% which increased to 104.92% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $60.36 but also hit the highest price of $143.34 during that period. The average intraday trading volume for DoorDash Inc shares is 3.73 million. The stock is currently trading -4.29% below its 20-day simple moving average (SMA20), while that difference is down -3.04% for SMA50 and it goes to 26.73% higher than SMA200.
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DoorDash Inc (NASDAQ: DASH) currently have 375.99M outstanding shares and institutions hold larger chunk of about 63.37% of that.
The stock has a current market capitalization of $51.49B and its 3Y-monthly beta is at 1.78. It has posted earnings per share of -$1.42 in the same period. It has Quick Ratio of 1.63 while making debt-to-equity ratio of 0.08. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for DASH, volatility over the week remained 3.56% while standing at 3.61% over the month.
Analysts are in expectations that DoorDash Inc (DASH) stock would likely to be making an EPS of -$0.04 in the current quarter, while forecast for next quarter EPS is -$0.06 and it is $1.39 for next year. For the current quarter EPS, analysts have given the company a lowest target -$0.22 which is $0.09 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of -$0.41 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 120.00% while it is estimated to increase by 414.96% in next year.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Loop Capital on April 19, 2024 offering a Buy rating for the stock and assigned a target price of $170 to it. Coverage by MoffettNathanson stated DoorDash Inc (DASH) stock as a Buy in their note to investors on April 11, 2024, suggesting a price target of $164 for the stock. On April 04, 2024, The Benchmark Company Initiated their recommendations, while on March 15, 2024, Piper Sandler Upgrade their ratings for the stock with a price target of $127. Stock get an Outperform rating from RBC Capital Mkts on March 04, 2024.
