DOXIMITY INC-CLASS A (NYSE:DOCS)—Positioned as a High-Growth Stock, Ready for a Potential Breakout.

In this article, we'll take a closer look at DOXIMITY INC-CLASS A (NYSE:DOCS) as a potential candidate for growth investing. While it's important for investors to conduct their own research, DOXIMITY INC-CLASS A has piqued our interest by appearing on our strong growth and breakout radar. Let's explore further.

Evaluating Growth: DOCS

Every stock receives a Growth Rating from ChartMill, ranging from 0 to 10. This rating assesses various growth aspects, including historical and projected EPS and revenue growth. DOCS boasts a 8 out of 10:

• DOCS shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 42.22%, which is quite impressive.
• The Earnings Per Share has been growing by 81.48% on average over the past years. This is a very strong growth
• Looking at the last year, DOCS shows a quite strong growth in Revenue. The Revenue has grown by 17.46% in the last year.
• Measured over the past years, DOCS shows a very strong growth in Revenue. The Revenue has been growing by 40.87% on average per year.
• The Earnings Per Share is expected to grow by 20.64% on average over the next years. This is a very strong growth
• DOCS is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 15.88% yearly.

Unpacking DOCS's Health Rating

To gauge a stock's financial health, ChartMill utilizes a Health Rating on a scale of 0 to 10. This comprehensive evaluation encompasses liquidity and solvency, both in absolute terms and in comparison to industry peers. DOCS has earned a 9 out of 10:

• An Altman-Z score of 55.15 indicates that DOCS is not in any danger for bankruptcy at the moment.
• With an excellent Altman-Z score value of 55.15, DOCS belongs to the best of the industry, outperforming 100.00% of the companies in the same industry.
• DOCS has no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the industry.
• A Current Ratio of 8.74 indicates that DOCS has no problem at all paying its short term obligations.
• DOCS has a Current ratio of 8.74. This is amongst the best in the industry. DOCS outperforms 100.00% of its industry peers.
• A Quick Ratio of 8.74 indicates that DOCS has no problem at all paying its short term obligations.
• DOCS has a Quick ratio of 8.74. This is amongst the best in the industry. DOCS outperforms 100.00% of its industry peers.

Analyzing Profitability Metrics

ChartMill utilizes a Profitability Rating to assess stocks, scoring them on a scale of 0 to 10. This rating takes into account a variety of profitability ratios and margins, both in absolute terms and in comparison to industry peers. DOCS has earned a 9 out of 10:

• DOCS has a better Return On Assets (17.18%) than 97.22% of its industry peers.
• The Return On Equity of DOCS (19.53%) is better than 97.22% of its industry peers.
• DOCS's Return On Invested Capital of 17.38% is amongst the best of the industry. DOCS outperforms 100.00% of its industry peers.
• Measured over the past 3 years, the Average Return On Invested Capital for DOCS is above the industry average of 7.14%.
• The last Return On Invested Capital (17.38%) for DOCS is above the 3 year average (12.02%), which is a sign of increasing profitability.
• With an excellent Profit Margin value of 36.60%, DOCS belongs to the best of the industry, outperforming 97.22% of the companies in the same industry.
• In the last couple of years the Profit Margin of DOCS has grown nicely.
• DOCS has a better Operating Margin (40.58%) than 100.00% of its industry peers.
• In the last couple of years the Operating Margin of DOCS has grown nicely.
• The Gross Margin of DOCS (90.19%) is better than 97.22% of its industry peers.

Why is DOCS a setup?

ChartMill also assign a Setup Rating to every stock. This setup score also ranges from 0 to 10 and determines to which extend the stock is consolidating. This is achieved by evaluating multiple short term technical indicators. DOCS currently has a 7 as setup rating:

DOCS has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price. There is a support zone below the current price at 64.18, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.

Our Strong Growth screener lists more Strong Growth stocks and is updated daily.

Our latest full fundamental report of DOCS contains the most current fundamental analsysis.

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

Keep in mind

This is not investing advice! The article highlights some of the observations at the time of writing, but you should always make your own analysis and invest based on your own insights.