In yesterday’s Wall Street session, DoorDash Inc (NASDAQ:DASH) shares traded at $110.72, up 3.27% from the previous session.
DASH stock price is now 1.07% away from the 50-day moving average and 0.85% away from the 200-day moving average. The market capitalization of the company currently stands at $45.27B.
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With the price target of $170, Redburn Atlantic recently initiated with Buy rating for DoorDash Inc (NASDAQ: DASH). , while ‘Wolfe Research’ rates the stock as ‘Outperform’
In other news, Xu Tony, CHIEF EXECUTIVE OFFICER sold 54,166 shares of the company’s stock on Jul 15 ’24. The stock was sold for $5,685,485 at an average price of $104.96. Upon completion of the transaction, the CHIEF EXECUTIVE OFFICER now directly owns 0 shares in the company, valued at $0.0. An SEC document containing details of the transaction can be found on the SEC’s website. On Jul 12 ’24, Director Fang Andy sold 50,000 shares of the business’s stock. A total of $5,279,306 was realized by selling the stock at an average price of $105.59. This leaves the insider owning 19,982 shares of the company worth $2.21 million. A total of 25.67% 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 $109.4114 and a two-hundred day moving average price translates $109.936676 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.
