Is DoorDash Inc (NASDAQ: DASH) Back In The Buying Zone?

Currently, there are 388.55M common shares owned by the public and among those 321.59M shares have been available to trade.

The company’s stock has a 5-day price change of -0.76% and 13.19% over the past three months. DASH shares are trading 15.11% year to date (YTD), with the 12-month market performance up to 63.22% higher. It has a 12-month low price of $99.32 and touched a high of $199.17 over the same period. DASH has an average intraday trading volume of 2.68 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 4.45%, 8.49%, and 36.23% respectively.

Institutional ownership of DoorDash Inc (NASDAQ: DASH) shares accounts for 67.70% of the company’s 388.55M shares outstanding.

It has a market capitalization of $80.21B and a beta (3y monthly) value of 1.72. The earnings-per-share (ttm) stands at -$0.45. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.35% over the week and 2.40% over the month.

Earnings per share for the fiscal year are expected to increase by 602.56%, and 71.42% over the next financial year. EPS should grow at an annualized rate of 158.61% over the next five years, compared to -16.86% over the past 5-year period.

Keefe Bruyette coverage for the DoorDash Inc (DASH) stock in a research note released on September 25, 2024 offered a Outperform rating with a price target of $177. Raymond James was of a view on September 24, 2024 that the stock is Outperform, while BTIG Research gave the stock Buy rating on September 19, 2024, issuing a price target of $155. Cantor Fitzgerald on their part issued Overweight rating on September 05, 2024.

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