The stock of DoorDash Inc (NASDAQ:DASH) last traded at $122.64, up 1.10% from the previous session.
DASH stock price is now 11.92% away from the 50-day moving average and 10.95% away from the 200-day moving average. The market capitalization of the company currently stands at $50.12B.
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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, SHONA L. BROWN LIVING TRUST U/, Director bought 5,005 shares of the company’s stock on Aug 05 ’24. The stock was bought for $586,736 at an average price of $117.23. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 01 ’24, Officer PRABIR ADARKAR bought 8,000 shares of the business’s stock. A total of $885,760 was incurred on buying the stock at an average price of $110.72. A total of 25.62% 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 0.07, a current ratio of 1.63, and a quick ratio of 1.63. The fifty day moving average price for DASH is $109.8228 and a two-hundred day moving average price translates $110.772675 for the stock.
The latest earnings results from DoorDash Inc (NASDAQ: DASH) was released for 2024-06-30. The net profit margin was -4.24% and return on equity was -6.00% for DASH. The company reported revenue of $2.63 billion for the quarter, compared to $2.13 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 23.3 percent. For the current quarter, analysts expect DASH to generate $2.64B in revenue.
