In today’s recent session, 2.81 million shares of the DoorDash Inc (NASDAQ:DASH) have been traded, and its beta is 1.68. Most recently the company’s share price was $131.76, and it changed around $1.88 or 1.45% from the last close, which brings the market valuation of the company to $54.23B. DASH at last check was trading at a discount to its 52-week high of $143.34, offering almost -8.79% off that amount. The share price’s 52-week low was $69.90, which indicates that the recent value has risen by an impressive 46.95% since then. We note from DoorDash Inc’s average daily trading volume that its 10-day average is 2.61 million shares, with the 3-month average coming to 4.09 million.
DoorDash Inc stock received a consensus recommendation rating of Buy, based on a mean score of 1.87. If we narrow it down even further, the data shows that 0 out of 40 analysts rate the stock as a Sell; another 8 rate it as Overweight. Among the rest, 16 recommended DASH as a Hold, whereas 16 deemed it a Buy, and 0 rated it as Underweight. DoorDash Inc is expected to report earnings per share of 0.21 for the current quarter.
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DoorDash Inc (NASDAQ:DASH) trade information
Instantly DASH has been showing a green trend so far today with a performance of 1.45% on intraday trading today. The performance over the last five days has remained in the green territory. The rise to weekly highs of 133.19 on recent trading dayincreased the stock’s daily price by 1.07%. The company’s shares are currently up 33.24% year-to-date, but still up 1.34% over the last five days. On the other hand, DoorDash Inc (NASDAQ:DASH) is 1.70% up in the 30-day period. We can see from the shorts that 11.73 million shares have been sold at a short interest cover period of 2.61 day(s).
The consensus price target as assigned by Wall Street analysts is $135, which translates to bulls needing to increase their stock price by 2.4% from its current value. Analyst projections state that DASH is forecast to be at a low of $67 and a high of $230.
DoorDash Inc (DASH) estimates and forecasts
DoorDash Inc share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen 0.71 percent over the past six months and at a 100.70% annual growth rate that is well above the industry average of 13.40%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will gain 210.50% in revenue this quarter, and will report an increase of 166.70% in the next quarter. The year-over-year growth rate is expected to be 22.50%, up from the previous year.
Consensus estimates provided by 34 financial analysts predict the company will bring in an average of 2.66B in revenue for the current quarter. 32 analysts expect DoorDash Inc to make 2.78B in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 2.16B and 2.3B respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 22.80%. Forecasts for the next quarter put sales growth at 20.60%.
Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -16.86%. DoorDash Inc earnings are expected to increase by 101.84% in 2024, but the outlook is positive 43.50% per year for the next five years.
DASH Dividends
DoorDash Inc’s next quarterly earnings report is expected to be released on 2024-Oct-30.
DoorDash Inc (NASDAQ:DASH)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 0.65% of DoorDash Inc shares, and 93.54% of them are in the hands of institutional investors. The stock currently has a share float of 94.15%. DoorDash Inc stock is held by 959.0 institutions, with SC US (TTGP), LTD. being the largest institutional investor. By 2024-06-30, it held 7.7944% of the shares, which is about 31.61 million shares worth $3.44 billion.
VANGUARD GROUP INC, with 7.5839% or 30.75 million shares worth $3.35 billion as of 2024-06-30, holds the second largest percentage of outstanding shares.
Growth Fund Of America Inc and Vanguard Total Stock Market Index Fund were the top two Mutual Funds as of Jun 30, 2024. The former held 13.29 shares worth $1.76 billion, making up 3.63% of all outstanding shares. On the other hand, Vanguard Total Stock Market Index Fund held roughly 10.26 shares worth around $1.36 billion, which represents about 2.80% of the total shares outstanding.
