Predicting Future Price Moves In DoorDash Inc (DASH)

DoorDash Inc (NASDAQ:DASH) does about 4.23M shares in volume on a normal day but saw 4401439 shares change hands in Friday’s trading. The company now has a market cap of 46.96B USD. Its current market price is $114.84, marking a decrease of -1.14% compared to the previous close of $116.17. The 52 week high reached by this stock is $143.34 whilst the lowest price level in 52 weeks is $62.83.

DoorDash Inc (DASH) has a 20-day trading average at $124.63 and the current price is -19.88% off the 52-week high compared with 82.78% distance from its 52-week low. The 50-day simple moving average of the closing price is $130.83 and its 200-day simple moving average is $101.84. If we look at the stock’s price movements over the week, volatility stands at 3.23%, which increases to 3.75% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 35.51 to suggest the stock is neutral.

The consensus objective for the share price is $135.14, suggesting that the stock has a potential upside of 15.02% over the period.

The company shares received a number of brokerage firm price updates over the past month, with the latest being on April 19, 2024 when Loop Capital initiated the stock to “Buy” and issued a price target of $170. MoffettNathanson upgraded the stock to “Buy” from Neutral on April 11, 2024 at a price target of $118-$164. The Benchmark Company initiated its price target at $165.

DoorDash Inc (DASH) stock is up 0.91% over the week and -18.52% over the past month. Its price is 16.13% year-to-date and 67.02% over the past year.

To reach the target analysts have set, the stock logically needs to grow 15.02 percent from here.

The company has a return on investment of -5.61% and return on equity of -6.21%. The forward price to earnings ratio is 83.42. The beta has a value of 1.73. Price to book ratio is 6.70 and price to sales ratio is 5.15.