With 1.35 million shares changed hands, the volume of the stock remained lighter than its average volume of 1.8 million shares. During the session, the Health Information Services company that operates in wider Healthcare sector, reached to the highest price of $53.81 whereas the lowest price it dropped to was $52.82. The 52-week range on DOCS shows that it touched its highest point at $61.75 and its lowest point at $22.96 during that stretch. It currently has a 1-year price target of $56.87. Beta for the stock currently stands at 1.40.
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Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of DOCS was up-trending over the past week, with a rise of 10.81%, but this was up by 27.96% over a month. Three-month performance surged to 48.77% while six-month performance rose 93.23%. The stock gained 129.72% in the past year, while it has gained 90.48% so far this year. A look at the trailing 12-month EPS for DOCS yields 0.87 with Next year EPS estimates of 1.25. For the next quarter, that number is 0.34. This implies an EPS growth rate of 20.94% for this year and 9.13% for next year. EPS is expected to grow by 14.34% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 193.38%.
Float and Shares Shorts:
At present, 128.22 million DOCS shares are outstanding with a float of 123.60 million shares on hand for trading. On 2024-11-15, short shares totaled 8.71 million, which was 467.0 higher than short shares on 1728950400. In addition to Mr. Jeffrey A. Tangney as the firm’s Co-Founder, CEO & Chairperson, Dr. Nate Gross M.D. serves as its Co-Founder & Chief Strategy Officer.
Institutional Ownership:
Through their ownership of 0.92152 of DOCS’s outstanding shares, institutional investors have minority control over the company.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on 2024-09-30, DOCS reported revenue of $136832000.0 and operating income of $55446000.0. The EBITDA in the recently reported quarter was $60332000.0 and diluted EPS was $0.22.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for DOCS since 5 analysts follow the stock currently. There are 3 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 2 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With DOCS analysts setting a high price target of 70.0 and a low target of 31.0, the average target price over the next 12 months is 55.26667. Based on these targets, DOCS could surge 31.06% to reach the target high and fall by -41.96% to reach the target low. Reaching the average price target will result in a growth of 3.48% from current levels.
Analysts have provided yearly estimates in a range of $0.90775 being high and $0.87815 being low. For DOCS, this leads to a yearly average estimate of $0.89788. The surprise factor in the prior quarter was $0.23. Based on analyst estimates, the high estimate for the next quarter is $0.27 and the low estimate is $0.21. The average estimate for the next quarter is thus $0.23.
