#Door dash stock orice full

The recent rally was driven by a couple of factors. The stock is also up by about 50% year-to-date. DoorDash Stock Looks Highly Overvalued At $208ĭoorDash stock (NYSE: DASH) has rallied by almost 10% over the last month, significantly outperforming the S&P 500 which declined about 1% over the same period. Want upside from growing digitization post-Covid-19 but don’t want to pay a big premium for tech stocks? Check out our theme on Value Tech Stocks A change of 7.7% or more over twenty-one trading days has a 38% event probability, which has occurred 79 times out of 210 in the last year.DoorDash stock rose 7.7% over the last twenty-one trading days (about one month), compared to the broader market (S&P500) which rose by 6.9%.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). See our analysis DoorDash Valuation : Expensive Or Cheap? for more details on DoorDash’s valuation. We value the stock at about $130 per share, roughly in line with the current market price. That being said, we still have some concerns regarding the company’s unit economics and lack of profitability, despite the big surge in demand through the pandemic. DoorDash has also been pushing into other delivery areas such as groceries and retail consumer products, which could be larger markets. Moreover, DoorDash’s expansion plans are also gaining traction following its acquisition of fast-growing European food delivery company Wolt, which enables it to enter 22 new markets.

#Door dash stock orice full

We could also see a partial impact of this in DoorDash’s Q4 results, due in February, with the full impact likely to be seen over Q1 FY’22.

are soaring to all-time highs, averaging over 700,000 cases over the last week and this could cause more people to order in rather than head to restaurants, helping demand for DoorDash’s services. There are multiple developments that could drive DoorDash stock higher in the near term. So is DoorDash stock a buy at current levels of around $132 per share? While we had largely been bearish on DoorDash stock through 2021, we think the stock might be worth a look for investors looking to play the delivery market following the sizable recent correction. DoorDash, which trades at about 9x 2021 revenues and has yet to turn profitable, has likely been impacted by this shift. For example, investors are likely rotating out of richly valued pandemic winners into value stock as the Federal Reserve plans multiple rate hikes through 2022 to combat surging inflation.

So what’s driving the current sell-off? Although the fundamental picture hasn’t changed too much for DoorDash stock, with the company posting better than expected revenue growth over the most recent quarter, we think the stock is being impacted by some technical factors. (Photo illustration by Beata Zawrzel/NurPhoto via Getty Images) NurPhoto via Getty ImagesĭoorDash stock (NYSE: DASH) has declined by about 20% over the past month and remains down by over 45% from its early November highs. Numbers show that the Covid-19 pandemic resulted in a significant increase of meals ordered online through food delivery apps and websites. DoorDash app logo is displayed on a mobile phone screen photographed for illustration on a plate and.