On April 18, 2023, DoorDash Inc (DASH) stock was trading at a price of 62.41. DoorDash Inc (DASH) Stock Price Forecast: 23.38% Potential Increase by 2023 Investors should keep an eye on the upcoming earnings report to gain a better understanding of the company’s financial performance. The positive earnings growth for this year and the next five years may indicate potential growth for the company, but the negative earnings growth for the previous year and the net loss may cause some investors to be cautious. Overall, DASH’s stock performance on April 18, 2023, showed a slight increase in the opening price, but the trading volume was lower than the average over the last three months. The next reporting date for DASH was May 5, 2023, with an EPS forecast for this quarter of -$0.58. The earnings growth for this year was positive at +41.07%, and the forecast for the next five years was +36.10%.ĭASH’s P/E ratio was not available, and the price/sales ratio was 2.75, while the price/book ratio was 3.58.ĭASH operates in the Technology Services sector and the Internet Software/Services industry. ![]() The day’s range was between $61.04 and $62.42, with a volume of 3,518,971.ĭASH’s market cap was $24.2B, and the company reported a revenue growth of 34.68% last year. On April 18, 2023, DASH stock opened at $61.45, up from the previous close of $60.62. DASH Stock Performance and Forecast for 2023: Positive Earnings Growth and Potential for Growth in the Technology Services Sector As the stock market can be unpredictable, it’s essential to keep track of the latest news and trends to make informed decisions. Retail traders should be cautious of this bearish sentiment towards DoorDash and consider it before making any investment decisions. The bearish stance on DoorDash could indicate that big-money traders expect the stock price to decrease in the near future. However, when such a massive movement happens with a stock, it usually indicates that someone knows something that others don’t. It is uncertain whether the big position on DoorDash is from an institution or a wealthy individual. Over the past three months, the contracts’ volume and open interest have been indicating that whales have been eyeing a price range of $50.0 to $95.0 for DoorDash. This suggests that the traders are betting on a significant decline in the stock price. The total amount for the puts is $1,257,200, and the total amount for the calls is $148,790. The options scanner has identified 10 uncommon options trades for DoorDash, out of which 9 are puts and 3 are calls. ![]() The traders seem to be divided between 10% bullish and 90% bearish, which is a clear indication of the negative outlook towards the stock. ![]() All Rights Reserved.As of April 18, 2023, DoorDash is experiencing a bearish sentiment among big-money traders, according to the options scanner of a renowned financial news outlet. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2019 and/or its affiliates. Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. Factset: FactSet Research Systems Inc.2019. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes.
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