During the recent session, DoorDash Inc. (NYSE:DASH)’s traded shares were 8.71 million. At the last check today, the stock’s price was $84.03, reflecting an intraday gain of 3.28% or $2.67. The 52-week high for the DASH share is $257.25, that puts it down -206.14 from that peak though still a striking 32.56% gain since the share price plummeted to a 52-week low of $56.67. The company’s market capitalization is $33.11B, and the average intraday trading volume over the past 10 days was 5.56 million shares, and the average trade volume was 6.33 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 2.30. DASH has a Sell rating from 0 analyst(s) out of 30 analysts who have looked at this stock. 14 analyst(s) recommend to Hold the stock while 1 suggest Overweight, and 15 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 -$0.41.
DoorDash Inc. (NYSE:DASH) trade information
DoorDash Inc. (DASH) registered a 3.28% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 3.28% in intraday trading to $84.03 this Thursday, 08/04/22, hitting a weekly high. The stock’s 5-day price performance is 16.11%, and it has moved by 17.30% in 30 days. Based on these gigs, the overall price performance for the year is -54.43%. The short interest in DoorDash Inc. (NYSE:DASH) is 18.02 million shares and it means that shorts have 3.28 day(s) to cover.
The consensus price target of analysts on Wall Street is $102.24, which implies an increase of 17.81% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $67.00 and $185.00 respectively. As a result, DASH is trading at a discount of -120.16% off the target high and 20.27% off the low.
DoorDash Inc. (DASH) estimates and forecasts
Statistics show that DoorDash Inc. has underperformed its competitors in share price, compared to the industry in which it operates. DoorDash Inc. (DASH) shares have gone down -21.90% during the last six months, with a year-to-date growth rate less than the industry average at -17.99% against -1.80. Yet analysts are ramping up their growth forecast for the fiscal year 2022. Revenue is predicted to shrink -36.70% this quarter and then drop -40.00% in the quarter after that. In the rating firms’ projections, revenue will increase 27.10% compared to the previous financial year.
Revenue for the current quarter is expected to be $1.52 billion as predicted by 21 analyst(s). Meanwhile, a consensus of 21 analyst(s) estimates revenue growth to $1.57 billion by the end of Sep 2022.
While earnings are projected to return 4.00% in 2022.
DoorDash Inc. is due to release its next quarterly earnings between February 23 and February 28. 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 0.59% of total outstanding shares while institutional holders control 81.46%, with the float percentage being 81.95%. Sc Us (ttgp), Ltd. is the largest shareholder of the company, while 574 institutions own stock in it. As of Mar 30, 2022, the company held over 35.86 million shares (or 11.17% of all shares), a total value of $4.2 billion in shares.
The next largest institutional holding, with 33.57 million shares, is of SB Investment Advisers (UK) LTD’s that is approximately 10.46% of outstanding shares. At the market price on Mar 30, 2022, these shares were valued at $3.93 billion.
Also, the Mutual Funds coming in first place with the largest holdings of DoorDash Inc. (DASH) shares are Vanguard Total Stock Market Index Fund and Morgan Stanley Inst Fd Inc-Growth Port. Data provided on Mar 30, 2022 indicates that Vanguard Total Stock Market Index Fund owns about 7.2 million shares. This amounts to just over 2.24 percent of the company’s overall shares, with a $843.53 million market value. The same data shows that the other fund manager holds slightly less at 5.05 million, or about 1.57% of the stock, which is worth about $591.94 million.