DocGo Inc (NASDAQ:DCGO) has a beta value of 0.91 and has seen 2.15 million shares traded in the last trading session. The company, currently valued at $426.06M, closed the last trade at $4.09 per share which meant it gained $0.41 on the day or 11.14% during that session. The DCGO stock price is -164.55% off its 52-week high price of $10.82 and 32.03% above the 52-week low of $2.78. If we look at the company’s 10-day average daily trading volume, we find that it stood at 1.17 million shares traded. The 3-month trading volume is 1.70 million shares.
DocGo Inc (NASDAQ:DCGO) trade information
Sporting 11.14% in the green in last session, the stock has traded in the green over the last five days, when the DCGO stock price touched $4.09 or saw a rise of 2.15%. Year-to-date, DocGo Inc shares have moved -26.83%, while the 5-day performance has seen it change 12.67%. Over the past 30 days, the shares of DocGo Inc (NASDAQ:DCGO) have changed 10.84%. Short interest in the company has seen 9.76 million shares shorted with days to cover at 8.65.
DocGo Inc (DCGO) estimates and forecasts
Figures show that DocGo Inc shares have outperformed across the wider relevant industry. The company’s shares have lost -22.68% over the past 6 months, with this year growth rate of 620.00%, compared to 14.30% for the industry. Other than that, the company has, however, increased its growth outlook for the 2024 fiscal year revenue. Growth estimates for the current quarter are 366.70% and 500.00% for the next quarter. Revenue growth from the last financial year stood is estimated to be 19.40%.
7 analysts offering their estimates for the company have set an average revenue estimate of $187.93 million for the current quarter. 7 have an estimated revenue figure of $185.29 million for the next quarter concluding in Jun 2024. Year-ago sales stood $111.53 million and $125.49 million respectively for this quarter and the next, and analysts expect sales will grow by 68.50% for the current quarter and 47.70% for the next.
Earnings growth for 2024 is a modest 468.94% while over the next 5 years, the company’s earnings are expected to increase by 31.07%.
DCGO Dividends
DocGo Inc is expected to release its next earnings report between May 06 and May 10 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
DocGo Inc (NASDAQ:DCGO)’s Major holders
Insiders own 11.02% of the company shares, while shares held by institutions stand at 54.43% with a share float percentage of 61.17%. Investors are also buoyed by the number of investors in a company, with DocGo Inc having a total of 200 institutions that hold shares in the company. The top two institutional holders are Blackrock Inc. with over 6.03 million shares worth more than $56.49 million. As of Jun 29, 2023, Blackrock Inc. held 5.81% of shares outstanding.
The other major institutional holder is Hood River Capital Management LLC, with the holding of over 5.74 million shares as of Jun 29, 2023. The firm’s total holdings are worth over $53.75 million and represent 5.53% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Roxbury/Hood River Small Cap Growth Fund and Vanguard Total Stock Market Index Fund. As of Jul 30, 2023, the former fund manager holds about 2.74% shares in the company for having 2.84 million shares of worth $23.86 million while later fund manager owns 2.54 million shares of worth $23.77 million as of Jun 29, 2023, which makes it owner of about 2.44% of company’s outstanding stock.
