![]() ![]() A change of 7.7% or more over ten trading days has a 28% event probability, which has occurred 62 times out of 221 in the last year.DoorDash stock rose 7.7 % over the last ten trading days (two weeks), compared to the broader market (S&P500) which rose by 2.1%.A change of 4% or more over five trading days has a 32% event probability, which has occurred 73 times out of 226 in the last year.DoorDash stock rose 4% over a five-day trading period ending, compared to the broader market (S&P500) which declined -0.2% over the same period. ![]() See our analysis DoorDash Stock Chance of Rise for more details.įive Days: DASH 4%, vs. So is DASH stock likely to rise further in the coming weeks and months or is a correction looking more likely? Per the Trefis machine learning engine which analyzes historical stock price movements, DASH stock only has a 46% chance of a rise over the next month (21 trading days). is poised to cool off with Covid-19 restrictions being eased. The deal could help to speed up DoorDash’s international expansion and drive revenue growth as broader delivery volumes growth in the U.S. The gains are driven largely by DoorDash’s announcement that it would be acquiring international food delivery platform Wolt – which has operations in 23 countries – in an $8.1 billion all-stock deal. The stock also remains up by about 8% over the last month, compared to the S&P 500, which was up 7% over the same period. Gaining 8% Over The Last Month, What’s Next For DoorDash Stock?ĭoorDash stock (NYSE: DASH) has gained about 4% over the last week, outperforming the S&P 500 which remained roughly flat over the same period. See our analysis DoorDash Valuation: Expensive Or Cheap? for more details on DoorDash’s valuation. We value the stock at $130 per share, about 9x forward revenues. Moreover, while DoorDash has been posting robust revenue growth, with its sales rising by about 87% year-over-year over the first nine months of this year, the company remains unprofitable. As the restaurant industry, which DoorDash works with, is inherently low margin, customers will ultimately have to bear the impact of higher fees to drive profits. DoorDash’s biggest cost is related to its delivery partners and this number is variable, rising in proportion with the number of orders, giving the company little leverage. So is DoorDash stock a buy at about $161 per share currently? While the recent correction certainly makes the stock more palatable for investors looking to play the delivery space, we still have concerns about DoorDash’s valuation (the stock trades at over 12x our 2021 revenue estimate) and weak unit economics. That said, DoorDash might actually see demand for its services rise in the near term, if the highly infectious new virus strain results in renewed lockdowns and travel restrictions, people could spend more time at home and order in, rather than heading out to restaurants. confirmed its first case of the Omicron variant of the novel coronavirus, which is believed to be much more transmissible and could evade the immune response provided by vaccines. Moreover, the broader markets have also seen some weakness, as the U.S. Firstly, investors have likely been reducing exposure to high-growth technology stocks due to rising inflation and an increasingly hawkish stance by the Federal Reserve, which has indicated that it could consider speeding up the tapering of its large-scale bond-buying at its next meeting. There are a couple of factors driving the recent sell-off. ![]() DoorDash stock (NYSE: DASH) has declined by about 11% over the past week and remains down by almost 35% from its early November highs.
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