NYSE:DOCS—Positioned as a High-Growth Stock, Ready for a Potential Breakout.

In this article we will dive into DOXIMITY INC-CLASS A (NYSE:DOCS) as a possible candidate for growth investing. Investors should always do their own research, but we noticed DOXIMITY INC-CLASS A showing up in our strong growth, ready to breakout screen, which makes it worth to investigate a bit more.

Understanding NYSE:DOCS's Growth

ChartMill assigns a Growth Rating to every stock. This score ranges from 0 to 10 and evaluates the different growth aspects like EPS and Revenue, both in the past as in the future. NYSE:DOCS scores a 8 out of 10:

• The Earnings Per Share has grown by an impressive 21.62% over the past year.
• The Earnings Per Share has been growing by 106.72% on average over the past years. This is a very strong growth
• The Revenue has grown by 16.57% in the past year. This is quite good.
• DOCS shows a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 53.27% yearly.
• DOCS is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 13.19% yearly.
• Based on estimates for the next years, DOCS will show a quite strong growth in Revenue. The Revenue will grow by 11.62% on average per year.

ChartMill's Evaluation of Health

ChartMill assigns a Health Rating to every stock. This score ranges from 0 to 10 and evaluates the different health aspects like liquidity and solvency, both absolutely, but also relative to the industry peers. NYSE:DOCS scores a 9 out of 10:

• An Altman-Z score of 23.71 indicates that DOCS is not in any danger for bankruptcy at the moment.
• DOCS has a better Altman-Z score (23.71) than 94.87% of its industry peers.
• There is no outstanding debt for DOCS. This means it has a Debt/Equity and Debt/FCF ratio of 0 and it is amongst the best of the sector and industry.
• DOCS has a Current Ratio of 8.03. This indicates that DOCS is financially healthy and has no problem in meeting its short term obligations.
• With an excellent Current ratio value of 8.03, DOCS belongs to the best of the industry, outperforming 92.31% of the companies in the same industry.
• A Quick Ratio of 8.03 indicates that DOCS has no problem at all paying its short term obligations.
• DOCS's Quick ratio of 8.03 is amongst the best of the industry. DOCS outperforms 92.31% of its industry peers.

What does the Profitability looks like for NYSE:DOCS

Discover ChartMill's exclusive Profitability Rating, a proprietary metric that assesses stocks on a scale of 0 to 10. It takes into consideration various profitability ratios and margins, both in absolute terms and relative to industry peers. Notably, NYSE:DOCS has achieved a 9:

• The Return On Assets of DOCS (13.76%) is better than 100.00% of its industry peers.
• DOCS's Return On Equity of 15.92% is amongst the best of the industry. DOCS outperforms 97.44% of its industry peers.
• Looking at the Return On Invested Capital, with a value of 15.40%, DOCS belongs to the top of the industry, outperforming 100.00% of the companies in the same industry.
• The Average Return On Invested Capital over the past 3 years for DOCS is significantly above the industry average of 4.83%.
• With an excellent Profit Margin value of 29.39%, DOCS belongs to the best of the industry, outperforming 100.00% of the companies in the same industry.
• In the last couple of years the Profit Margin of DOCS has grown nicely.
• Looking at the Operating Margin, with a value of 34.75%, DOCS belongs to the top of the industry, outperforming 100.00% of the companies in the same industry.
• DOCS's Operating Margin has improved in the last couple of years.
• With an excellent Gross Margin value of 88.94%, DOCS belongs to the best of the industry, outperforming 97.44% of the companies in the same industry.

Looking at the Setup

In addition to the Technical Rating, ChartMill provides a Setup Rating for each stock. This rating, ranging from 0 to 10, assesses the extent of consolidation in the stock based on multiple short-term technical indicators. Currently, NYSE:DOCS has a 7 as its setup rating:

DOCS has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 26.89. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 26.07, a Stop Loss order could be placed below this zone.

Every day, new Strong Growth stocks can be found on ChartMill in our Strong Growth screener.

For an up to date full fundamental analysis you can check the fundamental report of DOCS

Check the latest full technical report of DOCS for a complete technical analysis.

Disclaimer

Important Note: The content of this article is not intended as trading advice. It is essential to perform your own analysis and exercise caution when making trading decisions. The article presents observations created by automated analysis but does not guarantee any trading or investment outcomes. Always trade responsibly and make independent judgments.