Doximity Stock Today
| DOCS Stock | USD 25.42 0.45 1.74% |
Performance0 of 100
| Odds Of DistressLess than 4
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Doximity is selling for under 25.42 as of the 16th of April 2024; that is -1.74 percent decrease since the beginning of the trading day. The stock's lowest day price was 25.39. Doximity has only four percent chance of going through some form of financial distress over the next 2 years, but has generated negative returns over the last 90 days. Equity ratings for Doximity are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 17th of March 2024 and ending today, the 16th of April 2024. Click here to learn more.
Business Domain Health Care Equipment & Services | IPO Date 24th of June 2021 | Category Healthcare | Classification Health Care |
Doximity, Inc. operates a cloud-based digital platform for medical professionals in the United States. Doximity, Inc. was incorporated in 2010 and is headquartered in San Francisco, California. Doximity Inc operates under Health Information Services classification in the United States and is traded on New York Stock Exchange. The company has 122.16 M outstanding shares of which 9.13 M shares are currently shorted by private and institutional investors with about 7.35 trading days to cover. More on Doximity
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Moving against Doximity Stock
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Follow Valuation Options Odds of Bankruptcy
Financial Report 21st of May 2024
Doximity Stock Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Doximity's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Doximity or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| CEO | Jeffrey Tangney | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Thematic Idea | Business Services (View all Themes) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Business Concentration | Health Care Technology, Health Care Equipment & Services, Health Care, NYSE Composite, SP Midcap 400, Business Services, Health Care, Health Care Technology, Health Information Services, Healthcare (View all Sectors) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Average Analyst Recommendation Analysts covering Doximity report their recommendations after researching Doximity's financial statements, talking to executives and customers, or listening in on Doximity's conference calls. The current trade recommendation is based on an ongoing consensus estimate among financial analysts covering Doximity. The Doximity consensus assessment is calculated by taking the average forecast from all of the analysts covering Doximity. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Financial Strength Based on the key measurements obtained from Doximity's financial statements, Doximity is doing better financially then in previous quarter. It has a moderate odds of reporting better financial numbers in May. Financial strength of Doximity is based on its profitability, leverage, liquidity, source of funds, and operating efficiency.
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Doximity's financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to Doximity's success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Financial leverage usually refers to the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Doximity's financial leverage. It provides some insight into what part of Doximity's total assets is financed by creditors.
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Doximity (DOCS) is traded on New York Stock Exchange in USA. It is located in 500 3rd Street, San Francisco, CA, United States, 94107 and employs 977 people. Doximity is listed under Health Care Technology category by Fama And French industry classification. The company currently falls under 'Mid-Cap' category with a current market capitalization of 4.84 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Doximity's market, we take the total number of its shares issued and multiply it by Doximity's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. Doximity conducts business under Health Care Technology sector and is part of Health Care industry. The entity has 122.16 M outstanding shares of which 9.13 M shares are currently shorted by private and institutional investors with about 7.35 trading days to cover.
Doximity currently holds about 776.25 M in cash with 179.6 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 4.01.
Check Doximity Probability Of Bankruptcy
Ownership AllocationDoximity holds a total of 122.16 Million outstanding shares. The majority of Doximity outstanding shares are owned by other corporate entities. These outside corporations are usually referred to as non-private investors looking to obtain positions in Doximity to benefit from reduced commissions. Consequently, institutional investors are subject to a different set of regulations than regular investors in Doximity. Please pay attention to any change in the institutional holdings of Doximity as this could imply that something significant has changed or is about to change at the company. Please note that no matter how many assets the company secures, if the real value of the firm is less than the current market value, you may not be able to make money on it.
Check Doximity Ownership Details
Doximity Stock Price Odds Analysis
Attributed to a normal probability distribution, the odds of Doximity jumping above the current price in 90 days from now is roughly 97.0%. The Doximity probability density function shows the probability of Doximity stock to fall within a particular range of prices over 90 days. Given the investment horizon of 90 days the stock has a beta coefficient of 1.5592 suggesting as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Doximity will likely underperform. Additionally, doximity has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the NYSE Composite.
Based on a normal probability distribution, the odds of Doximity to move above the current price in 90 days from now is roughly 97.0 (This Doximity probability density function shows the probability of Doximity Stock to fall within a particular range of prices over 90 days) .
Doximity Stock Institutional Holders
Institutional Holdings refers to the ownership stake in Doximity that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Doximity's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Doximity's value.| Instituion | Recorded On | Shares | |
| Hhg Plc | 2023-12-31 | 1.9 M | |
| Fmr Inc | 2023-12-31 | 1.6 M | |
| Whale Rock Capital Management Llc | 2023-12-31 | 1.5 M | |
| Credit Suisse First Boston (csfb) | 2023-12-31 | 1.3 M | |
| Norges Bank | 2023-12-31 | 1.3 M | |
| Bank Of New York Mellon Corp | 2023-12-31 | 1.2 M | |
| Voloridge Investment Management, Llc | 2023-09-30 | 1.1 M | |
| Renaissance Technologies Corp | 2023-12-31 | 1.1 M | |
| Deutsche Bank Ag | 2023-12-31 | 857.5 K | |
| Vanguard Group Inc | 2023-12-31 | 10.9 M | |
| Blackrock Inc | 2023-12-31 | 10.5 M |
Doximity Historical Income Statement
Doximity Income Statement is one of the three primary financial statements used for reporting Doximity's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Doximity revenue and expense. Doximity Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At this time, Doximity's Reconciled Depreciation is comparatively stable compared to the past year. Income Before Tax is likely to gain to about 160.8 M in 2024, whereas Selling And Marketing Expenses is likely to drop slightly above 77 M in 2024. View More FundamentalsDoximity Stock Against Markets
Picking the right benchmark for Doximity stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Doximity stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Doximity is critical whether you are bullish or bearish towards Doximity at a given time. Please also check how Doximity's historical prices are related to one of the top price index indicators.
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Our tools can tell you how much better you can do entering a position in Doximity without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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Doximity Corporate Management
Elected by the shareholders, the Doximity's board of directors comprises two types of representatives: Doximity inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Doximity. The board's role is to monitor Doximity's management team and ensure that shareholders' interests are well served. Doximity's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Doximity's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Perry Gold | Head Relations | Profile | |
| Paul Jorgensen | Chief Officer | Profile | |
| Jim Rivas | Head Communications | Profile | |
| Jennifer Chaloemtiarana | General Secretary | Profile | |
| Shari Buck | Co-Founder, Senior Vice President of People and Operations | Profile | |
| Bruno Miranda | Senior Engineering | Profile |
How to buy Doximity Stock?
Before investing in Doximity, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Doximity. To buy Doximity stock, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of Doximity. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase Doximity stock. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located Doximity stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased Doximity stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as Doximity, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy Doximity Stock please use our How to Invest in Doximity guide.
Already Invested in Doximity?
The danger of trading Doximity is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Doximity is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Doximity. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Doximity is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Doximity is a strong investment it is important to analyze Doximity's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Doximity's future performance. For an informed investment choice regarding Doximity Stock, refer to the following important reports: Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Doximity. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in main economic indicators. For more information on how to buy Doximity Stock please use our How to Invest in Doximity guide.Note that the Doximity information on this page should be used as a complementary analysis to other Doximity's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Portfolio Backtesting module to avoid under-diversification and over-optimization by backtesting your portfolios.
Complementary Tools for Doximity Stock analysis
When running Doximity's price analysis, check to measure Doximity's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Doximity is operating at the current time. Most of Doximity's value examination focuses on studying past and present price action to predict the probability of Doximity's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Doximity's price. Additionally, you may evaluate how the addition of Doximity to your portfolios can decrease your overall portfolio volatility.
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Is Doximity's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Doximity. If investors know Doximity will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Doximity listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.5 | Earnings Share 0.67 | Revenue Per Share 2.44 | Quarterly Revenue Growth 0.174 | Return On Assets 0.0991 |
The market value of Doximity is measured differently than its book value, which is the value of Doximity that is recorded on the company's balance sheet. Investors also form their own opinion of Doximity's value that differs from its market value or its book value, called intrinsic value, which is Doximity's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Doximity's market value can be influenced by many factors that don't directly affect Doximity's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Doximity's value and its price as these two are different measures arrived at by different means. Investors typically determine if Doximity is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Doximity's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.