Doximity Shares Owned By Institutions vs. Price To Earning

DOCS Stock  USD 53.30  0.40  0.76%   
Based on the key profitability measurements obtained from Doximity's financial statements, Doximity may not be well positioned to generate adequate gross income at this time. It has a very high odds of underperforming in January. Profitability indicators assess Doximity's ability to earn profits and add value for shareholders. Price To Sales Ratio is likely to drop to 10.04 in 2024. Days Sales Outstanding is likely to drop to 65.74 in 2024. At this time, Doximity's Net Interest Income is comparatively stable compared to the past year. Interest Income is likely to gain to about 22.7 M in 2024, whereas Operating Income is likely to drop slightly above 88.9 M in 2024.
Current ValueLast YearChange From Last Year 10 Year Trend
Gross Profit Margin0.70.8934
Significantly Down
Slightly volatile
Net Profit Margin0.220.3104
Way Down
Slightly volatile
Operating Profit Margin0.20.3447
Way Down
Slightly volatile
Pretax Profit Margin0.220.3896
Way Down
Slightly volatile
Return On Assets0.170.1367
Fairly Up
Slightly volatile
Return On Equity0.160.1637
Fairly Down
Pretty Stable
For Doximity profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Doximity to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Doximity utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Doximity's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Doximity over time as well as its relative position and ranking within its peers.
  

Doximity's Revenue Breakdown by Earning Segment

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For more information on how to buy Doximity Stock please use our How to Invest in Doximity guide.
Is Health Care Technology space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Doximity. If investors know Doximity will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Doximity listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
0.467
Earnings Share
0.87
Revenue Per Share
2.775
Quarterly Revenue Growth
0.204
Return On Assets
0.1183
The market value of Doximity is measured differently than its book value, which is the value of Doximity that is recorded on the company's balance sheet. Investors also form their own opinion of Doximity's value that differs from its market value or its book value, called intrinsic value, which is Doximity's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Doximity's market value can be influenced by many factors that don't directly affect Doximity's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Doximity's value and its price as these two are different measures arrived at by different means. Investors typically determine if Doximity is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Doximity's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Doximity Price To Earning vs. Shares Owned By Institutions Fundamental Analysis

Comparative valuation techniques use various fundamental indicators to help in determining Doximity's current stock value. Our valuation model uses many indicators to compare Doximity value to that of its competitors to determine the firm's financial worth.
Doximity is rated below average in shares owned by institutions category among its peers. It is rated # 4 in price to earning category among its peers reporting about  0.73  of Price To Earning per Shares Owned By Institutions. The ratio of Shares Owned By Institutions to Price To Earning for Doximity is roughly  1.38 . Comparative valuation analysis is a catch-all technique that is used if you cannot value Doximity by discounting back its dividends or cash flows. It compares the stock's price multiples to nearest competition to determine if the stock is relatively undervalued or overvalued.

Doximity Price To Earning vs. Shares Owned By Institutions

Shares Owned by Institutions show the percentage of the outstanding shares of stock issued by a company that is currently owned by other institutions such as asset management firms, hedge funds, or investment banks. Many investors like investing in companies with a large percentage of the firm owned by institutions because they believe that larger firms such as banks, pension funds, and mutual funds, will invest when they think that good things are going to happen.

Doximity

Shares Held by Institutions

 = 

Funds and Banks

+

Firms

 = 
93.09 %
Since Institution investors conduct a lot of independent research they tend to be more involved and usually more knowledgeable about entities they invest as compared to amateur investors.
Price to Earnings ratio is typically used for current valuation of a company and is one of the most popular ratios that investors monitor daily. Holding a low PE stock is less risky because when a company's profitability falls, it is likely that earnings will also go down as well. In other words, if you start from a lower position, your downside risk is limited. There are also some investors who believe that low Price to Earnings ratio reflects the low pricing because a given company is in trouble. On the other hand, a higher PE ratio means that investors are paying more for each unit of profit.

Doximity

P/E

 = 

Market Value Per Share

Earnings Per Share

 = 
67.68 X
Generally speaking, the Price to Earnings ratio gives investors an idea of what the market is willing to pay for the company's current earnings.

Doximity Price To Earning Comparison

Doximity is currently under evaluation in price to earning category among its peers.

Doximity Profitability Projections

The most important aspect of a successful company is its ability to generate a profit. For investors in Doximity, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Doximity will eventually generate negative long term returns. The profitability progress is the general direction of Doximity's change in net profit over the period of time. It can combine multiple indicators of Doximity, where stable trends show no significant progress. An accelerating trend is seen as positive, while a decreasing one is unfavorable. A rising trend means that profits are rising, and operational efficiency may be rising as well. A decreasing trend is a sign of poor performance and may indicate upcoming losses.
Last ReportedProjected for Next Year
Accumulated Other Comprehensive Income-2.7 M-2.8 M
Net Interest Income21.7 M22.7 M
Interest Income21.7 M22.7 M
Operating Income163.9 M88.9 M
Net Income From Continuing Ops147.6 M92.2 M
Income Before Tax185.2 M95.6 M
Total Other Income Expense Net21.3 M22.4 M
Net Income Applicable To Common Shares129.7 M70.9 M
Net Income147.6 M92.2 M
Income Tax Expense37.6 M39.5 M
Change To Netincome-2.4 M-2.3 M
Net Income Per Share 0.78  0.81 
Income Quality 1.25  1.50 
Net Income Per E B T 0.80  1.12 

Doximity Profitability Driver Comparison

Profitability drivers are factors that can directly affect your investment outlook on Doximity. Investors often realize that things won't turn out the way they predict. There are maybe way too many unforeseen events and contingencies during the holding period of Doximity position where the market behavior may be hard to predict, tax policy changes, gold or oil price hikes, calamities change, and many others. The question is, are you prepared for these unexpected events? Although some of these situations are obviously beyond your control, you can still follow the important profit indicators to know where you should focus on when things like this occur. Below are some of the Doximity's important profitability drivers and their relationship over time.

Use Doximity in pair-trading

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Doximity position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Doximity will appreciate offsetting losses from the drop in the long position's value.

Doximity Pair Trading

Doximity Pair Trading Analysis

The ability to find closely correlated positions to Doximity could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Doximity when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Doximity - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Doximity to buy it.
The correlation of Doximity is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Doximity moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Doximity moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Doximity can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching

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Additional Tools for Doximity Stock Analysis

When running Doximity's price analysis, check to measure Doximity's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Doximity is operating at the current time. Most of Doximity's value examination focuses on studying past and present price action to predict the probability of Doximity's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Doximity's price. Additionally, you may evaluate how the addition of Doximity to your portfolios can decrease your overall portfolio volatility.