Doximity Stock Price on December 20, 2024

DOCS Stock  USD 58.27  0.09  0.15%   
If you're considering investing in Doximity Stock, it is important to understand the factors that can impact its price. As of today, the current price of Doximity stands at 58.27, as last reported on the 24th of December, with the highest price reaching 58.93 and the lowest price hitting 57.51 during the day. Doximity appears to be not too volatile, given 3 months investment horizon. Doximity secures Sharpe Ratio (or Efficiency) of 0.12, which denotes the company had a 0.12% return per unit of risk over the last 3 months. By reviewing Doximity's technical indicators, you can evaluate if the expected return of 0.63% is justified by implied risk. Please utilize Doximity's Coefficient Of Variation of 804.85, mean deviation of 2.43, and Downside Deviation of 2.83 to check if our risk estimates are consistent with your expectations.
  
At this time, Doximity's Common Stock Shares Outstanding is comparatively stable compared to the past year. Other Stockholder Equity is likely to gain to about 865.1 M in 2024, whereas Common Stock is likely to drop slightly above 138.8 K in 2024. . Price To Sales Ratio is likely to drop to 10.04 in 2024. Price Earnings Ratio is likely to drop to 32.33 in 2024. Doximity Stock price history is provided at the adjusted basis, taking into account all of the recent filings.

Sharpe Ratio = 0.1234

Best PortfolioBest Equity
Good Returns
Average Returns
Small ReturnsDOCS
CashSmall RiskAverage RiskHigh RiskHuge Risk
Negative Returns

Estimated Market Risk

 5.1
  actual daily
45
55% of assets are more volatile

Expected Return

 0.63
  actual daily
12
88% of assets have higher returns

Risk-Adjusted Return

 0.12
  actual daily
9
91% of assets perform better
Based on monthly moving average Doximity is performing at about 9% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Doximity by adding it to a well-diversified portfolio.
Price Book
11.3002
Enterprise Value Ebitda
47.4684
Price Sales
21.0153
Shares Float
124.7 M
Wall Street Target Price
55.2353

Doximity Main Headline on 20th of December 2024

We recently published an article entitled Why These 10 Stocks Jumped Yesterday. In this article, we are going to take a look at where Doximity Inc.

Doximity Valuation on December 20, 2024

It is possible to determine the worth of Doximity on a given historical date. On December 20, 2024 Doximity was worth 54.95 at the beginning of the trading date compared to the closed value of 57.83. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Doximity stock. Still, in general, we apply an absolute valuation method to find Doximity's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Doximity where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Doximity's related companies.
 Open High Low Close Volume
  52.26    56.00    52.26    55.18    3,124,738  
12/20/2024
  54.95    58.08    53.81    57.83    7,961,579  
  58.38    59.14    56.25    58.18    2,923,688  
Backtest Doximity  |  Doximity History  |  Doximity Valuation   PreviousNext  
Open Value
54.95
57.83
Closing Value
70.26
Upside

Doximity Trading Date Momentum on December 20, 2024

On December 23 2024 Doximity was traded for  58.18  at the closing time. The top price for the day was 59.14  and the lowest listed price was  56.25 . The trading volume for the day was 2.9 M. The trading history from December 23, 2024 was a factor to the next trading day price appreciation. The overall trading delta against the next closing price was 0.61% . The overall trading delta against the current closing price is 0.61% .

Doximity Fundamentals Correlations and Trends

By evaluating Doximity's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Doximity's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Doximity financial account trend analysis is a perfect complement when working with valuation or volatility modules.

About Doximity Stock history

Doximity investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Doximity is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Doximity will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Doximity stock prices may prove useful in developing a viable investing in Doximity
Last ReportedProjected for Next Year
Common Stock Shares Outstanding205.7 M210 M
Net Income Applicable To Common Shares129.7 M70.9 M

Doximity Quarterly Net Working Capital

773.19 Million

Doximity Stock Technical Analysis

Doximity technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
A focus of Doximity technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Doximity trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Price Boundaries

Doximity Period Price Range

Low
December 24, 2024
0.00  NaN%
High

 0.00 

     

 0.00 

Doximity cannot be verified against its exchange. Please verify the symbol is currently traded on New York Stock Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.

Doximity December 24, 2024 Market Strength

Market strength indicators help investors to evaluate how Doximity stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Doximity shares will generate the highest return on investment. By undertsting and applying Doximity stock market strength indicators, traders can identify Doximity entry and exit signals to maximize returns

Doximity Technical and Predictive Indicators

Predictive indicators are helping investors to find signals for Doximity's price direction in advance. Along with the technical and fundamental analysis of Doximity Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Doximity to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.

Additional Tools for Doximity Stock Analysis

When running Doximity's price analysis, check to measure Doximity's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Doximity is operating at the current time. Most of Doximity's value examination focuses on studying past and present price action to predict the probability of Doximity's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Doximity's price. Additionally, you may evaluate how the addition of Doximity to your portfolios can decrease your overall portfolio volatility.