DoorDash Inc (NASDAQ: DASH): Reassessing Prospects

DoorDash Inc (DASH) concluded trading on Thursday at a closing price of $202.25, with 7.02 million shares of worth about $1.42 billion changed hands on the day. Half year performance of the stock remained positive as price took a surge of 56.11% during that period and on February 20, 2025 the price saw a loss of about -5.15%. Currently the company’s common shares owned by public are about 393.82M shares, out of which, 331.18M shares are available for trading.

Stock saw a price change of 0.68% in past 5 days and over the past one month there was a price change of 13.56%. Year-to-date (YTD), DASH shares are showing a performance of 20.57% which increased to 74.34% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $99.32 but also hit the highest price of $215.24 during that period. The average intraday trading volume for DoorDash Inc shares is 2.99 million. The stock is currently trading 3.64% above its 20-day simple moving average (SMA20), while that difference is up 11.34% for SMA50 and it goes to 40.30% higher than SMA200.

DoorDash Inc (NASDAQ: DASH) currently have 393.82M outstanding shares and institutions hold larger chunk of about 70.12% of that.

The stock has a current market capitalization of $84.96B and its 3Y-monthly beta is at 1.73. PE ratio of stock for trailing 12 months is 763.21, while it has posted earnings per share of $0.27 in the same period. Its PEG reads 4.52 and has Quick Ratio of 1.65 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 4.35% while standing at 2.99% over the month.

Stock’s fiscal year EPS is expected to rise by 666.03% while it is estimated to increase by 67.02% in next year.

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

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