In yesterday’s Wall Street session, DoorDash Inc (NASDAQ:DASH) shares traded at $110.39, down -1.11% from the previous session.
DASH stock price is now -13.95% away from the 50-day moving average and 7.20% away from the 200-day moving average. The market capitalization of the company currently stands at $45.14B.
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With the price target of $170, Loop Capital recently initiated with Buy rating for DoorDash Inc (NASDAQ: DASH). On April 11, 2024, MoffettNathanson Upgraded its previous ‘Neutral’ rating to ‘Buy’ on the stock increasing its target price from $118 to quote $164, while ‘The Benchmark Company’ rates the stock as ‘Buy’
In other news, Adarkar Prabir, PRESIDENT AND COO sold 19,823 shares of the company’s stock on May 20 ’24. The stock was sold for $2,254,556 at an average price of $113.73. Upon completion of the transaction, the PRESIDENT AND COO now directly owns 1,002,787 shares in the company, valued at $110.7 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 20 ’24, GENERAL COUNSEL AND SECRETARY Sherringham Tia sold 12,903 shares of the business’s stock. A total of $1,467,471 was realized by selling the stock at an average price of $113.73. This leaves the insider owning 195,252 shares of the company worth $21.55 million. A total of 26.33% of the company’s stock is owned by insiders.
During the past 12 months, DoorDash Inc has had a low of $62.83 and a high of $143.34. As of last week, the company has a debt-to-equity ratio of 0.08, a current ratio of 1.62, and a quick ratio of 1.62. The fifty day moving average price for DASH is $127.8408 and a two-hundred day moving average price translates $103.10728 for the stock.
The latest earnings results from DoorDash Inc (NASDAQ: DASH) was released for 2024-03-31. The net profit margin was -4.61% and return on equity was -6.21% for DASH. The company reported revenue of $2.51 billion for the quarter, compared to $2.04 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 23.49 percent.
