Doximity Stock Price: Market is totally Sideways; Can it go High?

Doximity Stock Price is trading for 49.9% less than what is believed to be its true value
Earnings are anticipated to increase by 18.26% annually.
Comparing trading at a fair value with its competitors and industry

Doximity’s 12-month average price target is $29.30, according to analyst ratings. 7.38% of the outstanding shares have been sold short, according to the most recent short interest figure of 14.37 Million. In the last 52 weeks, the stock price fell by 34.98%. Doximity’s price volatility can be comparable to the market average due to the beta value of 0.93.

Operating cash flow was $192.05 Million in the previous year, while capital expenditures were -$5.62 Million, for a free cash flow of $186.43 Million.

The firm has $873.17 Million in cash and debt of $15.63 Million, for a net cash position of $857.54 Million, or $4.40 per share.

DOCS stock closed at $ 22.26, with a total market size of $ 4.34B (44M shares outstanding). The DOCS is traded on the NYSE under the symbol DOCS. DOCS has gained 0.50% in the last 24 hours. DOCS stock price forecast is now optimistic.

DOCS Moving Averages Convergence Divergence (MACD) indicator is -3.02, indicating a Buy while its 20-Day exponential moving average is 28.63, indicating a Sell; and share price is $22.27, indicating a Buy. DOCS has a 50-day exponential moving average of 31.20 and a share price of $22.27, indicating a Sell.

The DOCS market is completely sideways, and if they break this with significant volume without retesting, it will go extremely low. It can retest, but it may also go down the market in 3 days. In the last three months, 13 Wall Street analysts have provided 12-month price estimates for Doximity. The average price estimate is $29.30, with a top of $47.00 and a low of $21.00 expected. The average price prediction reflects a 31.57% increase over the previous price of $22.27.

The relative strength index (RSI) for Doximity is 19.66, indicating a buy signal, while the trend strength indicator (ADX) is 30.20, indicating a neutral signal. Furthermore, the commodity channel index (CCI) is -114.91, indicating a buy signal, while the price rate of change (ROC) is -37.55, indicating a sell signal.

DOCS stock will be valued at $ 18.42 in 2025, according to our Doximity, Inc. stock projection. This projection is based on the stock’s 10-year average growth.

Doximity, Inc.’s stock price prognosis for the next 30 days is based on positive/negative patterns in the previous 30 days. According to the present trend, the price of DOCS stock is expected to climb by 4.95% tomorrow and 16.46% over the following seven days.

MACD is derived by dividing the 26-period EMA by the 12-period EMA and generates technical indications when it crosses above (buy) or below (sell) its signal line, Currently, RSI is very bearish and it is below the 30 point.

Furthermore, the RSI analyzes bullish and bearish price momentum plotted against a price graph of an asset, with signals being overbought when the indicator is above 70% and oversold when the indicator is below 30%. Similarly, MACD is also bearish at the point of -2.07.