DoorDash Inc (NASDAQ:DASH) Gained 3.49% In A Week: What’s Driving The Stock?

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In recent trading session, DoorDash Inc (NASDAQ:DASH) saw 2.15 million shares changing hands at last check today with its beta currently measuring 1.66. Company’s recent per share price level of $128.13 trading at -$2.16 or -1.66% at last check today assigns it a market valuation of $52.73B. That most recent trading price of DASH’s stock is at a discount of -11.87% from its 52-week high price of $143.34 and is indicating a premium of 45.45% from its 52-week low price of $69.90. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 6.0 million shares which gives us an average trading volume of 4.40 million if we extend that period to 3-months.

For DoorDash Inc (DASH), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 1.88. Splitting up the data highlights that, out of 20 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 3 suggested the stock as a Hold whereas 17 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of 0.21 in the current quarter.

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DoorDash Inc (NASDAQ:DASH) trade information

Upright in the red during last session for losing -1.66%, in the last five days DASH remained trading in the green while hitting it’s week-highest on Thursday, 08/15/24 when the stock touched $128.13 price level, adding 1.85% to its value on the day. DoorDash Inc’s shares saw a change of 29.57% in year-to-date performance and have moved 3.49% in past 5-day. DoorDash Inc (NASDAQ:DASH) showed a performance of 27.77% in past 30-days. Number of shares sold short was 11.85 million shares which calculate 2.91 days to cover the short interests.

Wall Street analysts have assigned a consensus price target of 130 to the stock, which implies a rise of 1.44% to its recent value today. Analysts have been projecting 67 as a low price target for the stock while placing it at a high target of 230. It follows that stock’s current price would jump 47.71% in reaching the projected high whereas dropping to the targeted low would mean a gain of 47.71% for stock’s current value.

DoorDash Inc (DASH) estimates and forecasts

Statistics highlight that DoorDash Inc is scoring comparatively higher than the scores of other players of the relevant industry. The company added 1.47% of value to its shares in past 6 months, showing an annual growth rate of 100.00% while that of industry is 19.50. Apart from that, the company came raising its revenue forecast for fiscal year 2024. This year revenue growth is estimated to rise 22.40% from the last financial year’s standing.

32 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 2.66B for the same. And 30 analysts are in estimates of company making revenue of 2.77B in the next quarter. Company posted 2.16B and 2.3B of sales in current and next quarters respectively a year earlier.

Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of -16.86% during past 5 years.

DoorDash Inc (NASDAQ:DASH)’s Major holders

Insiders are in possession of 0.67% of company’s total shares while institution are holding 92.61 percent of that, with stock having share float percentage of 93.23%. Investors also watch the number of corporate investors in a company very closely, which is 92.61% institutions for DoorDash Inc that are currently holding shares of the company. SC US (TTGP), LTD. is the top institutional holder at DASH for having 31.66 million shares of worth $4.36 billion. And as of 2024-03-31, it was holding 7.9274 of the company’s outstanding shares.

The second largest institutional holder is VANGUARD GROUP INC, which was holding about 26.93 million shares on 2024-03-31. The number of shares represents firm’s hold over 6.7441 of outstanding shares, having a total worth of $3.71 billion.