The stock also remains up by about 8 over the last. This could raise investors’ confidence to be optimistic about the DASH stock heading into the next quarter. DoorDash stock (NYSE: DASH) has gained about 4 over the last week, outperforming the S&P 500 which remained roughly flat over the same period. The stock has risen by 83.63% since the beginning of the year, thereby showing the potential of a further growth. (DASH) stood at 4.33% of shares outstanding as of the number of short shares registered in reached 16.28 million. According to the data, the short interest in DoorDash Inc. The data on short interest also indicates that stock shorts accounted for 16.81 million shares as on Jun 29, 2023, resulting in a short ratio of 5.11. Nearly 0.50% of DoorDash Inc.’s shares belong to company insiders and institutional investors own 86.20% of the company’s shares. According to company’s latest data on outstanding shares, there are 390.40 million shares outstanding. (NYSE:DASH) indicates that the trading volumes over the past 10 days have averaged 2.7 million and over the past 3 months, they’ve averaged 3.35 million. However, medium term indicators have put the stock in the category of 100% Buy while long term indicators on average have been pointing out that it is a 100% Buy.ĭata on historical trading for DoorDash Inc. We see that DASH’s technical picture suggests that short-term indicators denote the stock is a 100% Buy on average. Revisions could be a useful indicator to get insight on short-term price movement so for the company, there were 2 upward and no downward review(s) in last seven days. Wall Street analysts also predicted that in 2024, the company’s y-o-y revenues would reach $8.26 billion, representing an increase of 25.40% from the revenues reported in the last year’s results. According to the average forecast, sales growth in current quarter could jump up 28.20%, compared to the corresponding quarter of last year. Data indicates that the EPS growth is expected to be 53.80% in 2024, while the next year’s EPS growth is forecast to be 41.80%.Īnalysts have estimated the company’s revenue for the quarter at $2.06 billion, with a low estimate of $2.01 billion and a high estimate of $2.11 billion. Analysts are projecting the company’s earnings per share (EPS) to be -$0.41, which is expected to increase to -$0.18 for fiscal year -$1.7 and then to about -$0.99 by fiscal year 2024. As a result, investors might want to see an improvement in the stock’s price before the company announces its earnings report. currently standing at about $34.48 billion, investors are eagerly awaiting this quarter’s results, scheduled for Aug 02, 2023. With the market capitalization of DoorDash Inc. Here are five of the best ways to profit from the AI boom. And investors like you always want to get in on the hottest stocks of tomorrow. And it's about to change everything we know about everything.Īccording to Grand View Research, the global AI boom could grow from about $137 billion in 2022 to more than $1.81 trillion by 2030. The artificial intelligence (AI) revolution is already here.
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