There Is Clear Momentum For DoorDash Inc (NASDAQ: DASH)

DoorDash Inc (DASH) concluded trading on Wednesday at a closing price of $155.25, with 5.57 million shares of worth about $864.51 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 21.80% during that period and on October 30, 2024 the price saw a gain of about 0.03%. Currently the company’s common shares owned by public are about 375.99M shares, out of which, 307.35M shares are available for trading.

Stock saw a price change of 2.87% in past 5 days and over the past one month there was a price change of 9.38%. Year-to-date (YTD), DASH shares are showing a performance of 56.99% which increased to 112.06% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $71.38 but also hit the highest price of $155.93 during that period. The average intraday trading volume for DoorDash Inc shares is 3.48 million. The stock is currently trading 3.90% above its 20-day simple moving average (SMA20), while that difference is up 11.43% for SMA50 and it goes to 25.14% higher than SMA200.

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DoorDash Inc (NASDAQ: DASH) currently have 375.99M outstanding shares and institutions hold larger chunk of about 67.47% of that.

The stock has a current market capitalization of $63.89B and its 3Y-monthly beta is at 1.70. It has posted earnings per share of -$1.01 in the same period. It has Quick Ratio of 1.63 while making debt-to-equity ratio of 0.07. 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 1.68% while standing at 1.97% over the month.

Stock’s fiscal year EPS is expected to rise by 101.18% while it is estimated to increase by 9719.17% in next year. EPS is likely to grow at an annualized rate of 46.40% for next 5-years, compared to annual growth of -16.86% made by the stock over the past 5-years.

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 Keefe Bruyette on September 25, 2024 offering an Outperform rating for the stock and assigned a target price of $177 to it. Coverage by Raymond James stated DoorDash Inc (DASH) stock as an Outperform in their note to investors on September 24, 2024, suggesting a price target of $155 for the stock. On September 19, 2024, BTIG Research Upgrade their recommendations, while on September 05, 2024, Cantor Fitzgerald Initiated their ratings for the stock with a price target of $160. Stock get a Buy rating from Redburn Atlantic on July 26, 2024.

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