Doximity Stock Today

DOCS
 Stock
  

USD 31.65  0.74  2.28%   

Market Performance
1 of 100
Odds Of Distress
Over 77
Doximity Inc is selling at 31.65 as of the 26th of November 2022; that is -2.28% down since the beginning of the trading day. The stock's lowest day price was 31.14. Doximity Inc has a very high chance of experiencing financial distress in the next few years of operation. It also did not have a very good performance during the last 90 trading days. Equity ratings for Doximity Inc Cl are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 6th of December 2020 and ending today, the 26th of November 2022. Click here to learn more.
Fiscal Year End
March
IPO Date
24th of June 2021
Category
Healthcare
ISIN
US26622P1075
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 61.63 M outstanding shares of which 17.76 M shares are currently shorted by private and institutional investors with about 9.76 trading days to cover. More on Doximity Inc Cl
Follow Valuation Odds of Bankruptcy
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Doximity Inc 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 Inc's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Doximity Inc or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
Doximity Inc Cl has very high historical volatility over the last 90 days
Doximity Inc Cl has high likelihood to experience some financial distress in the next 2 years
Over 90.0% of the company shares are held by institutions such as insurance companies
CEOJeffrey Tangney
Average Analyst Recommendation
Analysts covering Doximity Inc report their recommendations after researching Doximity Inc's financial statements, talking to executives and customers, or listening in on Doximity Inc's conference calls. The current trade recommendation is based on an ongoing consensus estimate among financial analysts covering Doximity Inc Cl. The Doximity consensus assessment is calculated by taking the average forecast from all of the analysts covering Doximity Inc.
Macroaxis Advice
Unlike general analyst consensus, Macroaxis buy hold or sell recommendation is provided in the context of your current investment horizon and risk tolerance. The advice algorithm takes into account all of Doximity Inc's available fundamental, technical, and predictive indicators. Your current horizon is 90 days - details
Strong SellUndervalued
Doximity Inc Cl (DOCS) is traded on New York Stock Exchange in USA and employs 887 people. The company currently falls under 'Mid-Cap' category with current market capitalization of 5.9 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Doximity Inc's market, we take the total number of its shares issued and multiply it by Doximity Inc'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 these looking for more risk prefer small-cap and mid-cap equities. Doximity Inc Cl conducts business under Healthcare sector and is part of Health Information Services industry. The entity has 61.63 M outstanding shares of which 17.76 M shares are currently shorted by private and institutional investors with about 9.76 trading days to cover. Doximity Inc Cl currently holds about 776.25 M in cash with 138.15 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 4.01.
Check Doximity Inc Probability Of Bankruptcy
Ownership
Doximity Inc holds a total of sixty-one million six hundred thirty thousand outstanding shares. The majority of Doximity Inc Cl 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 Inc Cl to benefit from reduced commissions. Consequently, institutional investors are subject to a different set of regulations than regular investors in Doximity Inc. Please pay attention to any change in the institutional holdings of Doximity Inc Cl as this could imply that something significant has changed or about to change at the company. Please note that no matter how much 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.

Ownership Allocation (%)

Check Doximity Ownership Details

Doximity Stock Price Odds Analysis

In regard to a normal probability distribution, the odds of Doximity Inc jumping above the current price in 90 days from now is about 28.43%. The Doximity Inc Cl probability density function shows the probability of Doximity Inc 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 1.2604 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 Inc will likely underperform. Additionally, the company has a negative alpha, implying that the risk taken by holding this instrument is not justified. Doximity Inc Cl is significantly underperforming DOW.
  Odds Below 31.65HorizonTargetOdds Above 31.65
71.45%90 days
 31.65 
28.43%
Based on a normal probability distribution, the odds of Doximity Inc to move above the current price in 90 days from now is about 28.43 (This Doximity Inc Cl 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 Inc that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Doximity Inc'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 Inc's value.
InstituionSecurity TypeTotal SharesValue
Zweigdimenna Associates LlcCommon Shares5.5 K318 K
Zimmer Partners LpCommon Shares30 K1.7 M
Wolverine Trading LlcPut Options28.6 K1.1 M
Wolverine Trading LlcCall Options107.9 KM
View Doximity Inc Diagnostics

Doximity Inc Cl Risk Profiles

Investors will always prefer to have the highest possible return on investment while minimizing volatility. Doximity Inc market risk premium is the additional return an investor will receive from holding Doximity Inc long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Doximity Inc. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although Doximity Inc's alpha and beta are two of the key measurements used to evaluate Doximity Inc's performance over the market, the standard measures of volatility play an important role as well.

Doximity Stock Against Markets

Picking the right benchmark for Doximity Inc 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 Inc 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 Inc is critical whether you are bullish or bearish towards Doximity Inc Cl at a given time.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Doximity Inc 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.

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Analyst Recommendations

Analyst recommendations and target price estimates broken down by several categories
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Doximity Inc Corporate Executives

Elected by the shareholders, the Doximity Inc's board of directors comprises two types of representatives: Doximity Inc 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 Inc's management team and ensure that shareholders' interests are well served. Doximity Inc'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 Inc's outside directors are responsible for providing unbiased perspectives on the board's policies.
Anna Bryson - Chief Financial OfficerProfile
Jey Balachandran - Chief Technology OfficerProfile

Invested in Doximity Inc Cl?

The danger of trading Doximity Inc Cl 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 Inc 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 Inc. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Doximity Inc Cl 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.
Continue to Investing Opportunities. Note that the Doximity Inc Cl information on this page should be used as a complementary analysis to other Doximity Inc'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 Aroon Oscillator module to analyze current equity momentum using Aroon Oscillator and other momentum ratios.

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When running Doximity Inc Cl price analysis, check to measure Doximity Inc'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 Inc is operating at the current time. Most of Doximity Inc's value examination focuses on studying past and present price action to predict the probability of Doximity Inc's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Doximity Inc's price. Additionally, you may evaluate how the addition of Doximity Inc to your portfolios can decrease your overall portfolio volatility.
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Is Doximity Inc'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 Inc. 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 Inc 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 YOY
(0.29) 
Market Capitalization
6.1 B
Quarterly Revenue Growth YOY
0.29
Return On Assets
0.0774
Return On Equity
0.17
The market value of Doximity Inc Cl 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 Inc's value that differs from its market value or its book value, called intrinsic value, which is Doximity Inc'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 Inc's market value can be influenced by many factors that don't directly affect Doximity Inc'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 Inc's value and its price as these two are different measures arrived at by different means. Investors typically determine Doximity Inc value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Doximity Inc'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.