During the recent session, DoorDash Inc. (NYSE:DASH)’s traded shares were 1.51 million. At the last check today, the stock’s price was $150.24, reflecting an intraday gain of 3.72% or $5.39. The 52-week high for the DASH share is $256.09, that puts it down -70.45 from that peak though still a striking 26.7% gain since the share price plummeted to a 52-week low of $110.13. The company’s market capitalization is $45.66B, and the average intraday trading volume over the past 10 days was 3.7 million shares, and the average trade volume was 3.30 million shares over the past three months.
DoorDash Inc. (DASH) received a consensus recommendation of an Overweight from analysts. That translates to a mean rating of 2.40. DASH has a Sell rating from 0 analyst(s) out of 20 analysts who have looked at this stock. 12 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 8 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be -$0.21.
DoorDash Inc. (NYSE:DASH) trade information
DoorDash Inc. (DASH) registered a 3.72% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 3.72% in intraday trading to $150.24 this Thursday, 06/10/21, hitting a weekly high. The stock’s 5-day price performance is 4.13%, and it has moved by 16.31% in 30 days. The short interest in DoorDash Inc. (NYSE:DASH) is 13.21 million shares and it means that shorts have 3.05 day(s) to cover.
The consensus price target of analysts on Wall Street is $164.33, which implies an increase of 8.57% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $130.00 and $195.00 respectively. As a result, DASH is trading at a discount of -29.79% off the target high and 13.47% off the low.
DoorDash Inc. (DASH) estimates and forecasts
Statistics show that DoorDash Inc. has outperformed its competitors in share price, compared to the industry in which it operates. In the rating firms’ projections, revenue will increase 44.90% compared to the previous financial year.
Revenue for the current quarter is expected to be $1.07 billion as predicted by 20 analyst(s). Meanwhile, a consensus of 19 analyst(s) estimates revenue growth to $981.7 million by the end of Sep 2021.
While earnings are projected to return 31.20% in 2021.
DoorDash Inc. is due to release its next quarterly earnings in July. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
DoorDash Inc. (NYSE:DASH)’s Major holders
DoorDash Inc. insiders own 0.54% of total outstanding shares while institutional holders control 95.11%, with the float percentage being 95.63%. SB Investment Advisers (UK) LTD is the largest shareholder of the company, while 277 institutions own stock in it. As of Mar 30, 2021, the company held over 62.97 million shares (or 21.38% of all shares), a total value of $8.26 billion in shares.
The next largest institutional holding, with 52.03 million shares, is of SC US (TTGP) Ltd’s that is approximately 17.66% of outstanding shares. At the market price on Mar 30, 2021, these shares were valued at $6.82 billion.
Also, the Mutual Funds coming in first place with the largest holdings of DoorDash Inc. (DASH) shares are Morgan Stanley Inst Fd Inc-Growth Port and Growth Fund Of America Inc. Data provided on Mar 30, 2021 indicates that Morgan Stanley Inst Fd Inc-Growth Port owns about 1.91 million shares. This amounts to just over 0.65 percent of the company’s overall shares, with a $250.43 million market value. The same data shows that the other fund manager holds slightly less at 1.6 million, or about 0.54% of the stock, which is worth about $209.31 million.