Doximity AI Price Prediction

Financial Performance

Doximity has shown a steady increase in revenue, with the last quarter reporting $136.8M, up by 8% from the previous quarter and up by 1.1% year over year. The gross profit stands at $123.2M which is an increase of 8.9% from the previous quarter and a slight growth of 0.1% YoY. However, their operating income profit was down by -9.2% YoY but showed a significant improvement from the previous quarter (up by 14.9%). Their EBITDA ratio for the last quarter was robust at 0.42 indicating healthy profitability.

Stock Price

The stock price is currently trading at $55.67 with an impressive upward trend, showing an increase of 6.8% in the last month and a substantial rise of 98.1% YoY which indicates strong investor confidence in Doximity's performance and future prospects.The PE ratio is relatively high at 63.98 indicating that investors are willing to pay a high price for each dollar of earnings because they expect the company to have high growth in the future.The RSI value is currently at a neutral level of 53.21 while its current stock price is significantly higher than its long term average (200-day moving average) which suggests bullish momentum.

Alternative Data Signals

In terms of alternative data signals, there seems to be some mixed results: web traffic shows a decline both MoM (-1..%) and YoY (-25..%) however app downloads show tremendous growth both MoM (2096..%) and YoY (2254..%). This could potentially indicate that users are shifting more towards mobile usage rather than traditional web browsing. The number of job postings indicates steady growth with 17 openings, unchanged from the previous month. Employee sentiment seems positive with 82% reporting a positive business outlook. Social media followership has shown moderate growth across all platforms.

Conclusion

In conclusion, despite some mixed signals in alternative data, Doximity's strong financial performance and upward trending stock price indicate a bullish outlook for the company.