The price of DoorDash Inc (NASDAQ:DASH) shares last traded on Wall Street fell -1.07% to $110.54.
DASH stock price is now -12.77% away from the 50-day moving average and 6.73% away from the 200-day moving average. The market capitalization of the company currently stands at $45.20B.
Top 5 Artificial Intelligence Stocks to Buy for 2024
By now, you're well aware of the artificial intelligence boom. You know Big Tech has been investing billions of dollars into it.
According to Next Move Strategy Consulting, the AI market – currently valued at about $100 billion – cold grow twenty-fold by 2030 to more than $2 trillion. That means you may want to strongly consider these top AI stocks. Get our free report, "Top 5 AI Stocks to Buy in 2024."
Click here to automatically get the our FREE Report & Special Offer "5 Best AI Stocks to Invest In"
Sponsored
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, Sherringham Tia, GENERAL COUNSEL AND SECRETARY sold 11,740 shares of the company’s stock on May 23 ’24. The stock was sold for $1,296,810 at an average price of $110.46. Upon completion of the transaction, the GENERAL COUNSEL AND SECRETARY now directly owns 183,512 shares in the company, valued at $20.29 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 20 ’24, PRESIDENT AND COO Adarkar Prabir sold 19,823 shares of the business’s stock. A total of $2,254,556 was realized by selling the stock at an average price of $113.73. This leaves the insider owning 1,002,787 shares of the company worth $110.85 million. A total of 26.31% 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 $126.3216 and a two-hundred day moving average price translates $103.72578 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.
