Stocks of DoorDash Inc (NASDAQ:DASH) traded higher last session on Wall Street, down -0.45% to $110.58.
DASH stock price is now -5.60% away from the 50-day moving average and 3.72% away from the 200-day moving average. The market capitalization of the company currently stands at $45.22B.
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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, Brown Shona L, Director sold 1,712 shares of the company’s stock on Jun 25 ’24. The stock was sold for $189,981 at an average price of $110.97. Upon completion of the transaction, the Director now directly owns 70,191 shares in the company, valued at $7.76 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jun 10 ’24, CHIEF EXECUTIVE OFFICER Xu Tony sold 131,590 shares of the business’s stock. A total of $14,686,826 was realized by selling the stock at an average price of $111.61. A total of 25.85% of the company’s stock is owned by insiders.
During the past 12 months, DoorDash Inc has had a low of $69.90 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 $116.6748 and a two-hundred day moving average price translates $106.75098 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.
