DOXIMITY INC-CL A (NYSE:DOCS) stands out as a high-growth momentum candidate with a solid technical setup, making it an interesting prospect for investors seeking both earnings momentum and favorable chart patterns. The company, which operates a digital platform for medical professionals, has demonstrated strong financial performance while also presenting a constructive technical backdrop.
Growth Momentum Highlights
- Earnings Growth: DOCS reported a 48.4% year-over-year increase in EPS (TTM), with recent quarterly EPS growth exceeding 50%.
- Revenue Growth: Sales grew nearly 20% over the past year, with consistent quarterly revenue beats averaging 4.7% above estimates.
- Profit Margins: The company maintains strong profitability, with a trailing twelve-month profit margin of 39.1%, up from 31.0% the prior year.
- Free Cash Flow: FCF per share grew 49.6% year-over-year, reinforcing financial health.
While analyst revisions for next year’s estimates have been slightly negative, the company’s historical execution and high earnings surprise rate (26.7% average beat over the last four quarters) suggest resilience.
Technical Strength & Setup
DOCS holds a Technical Rating of 9/10, reflecting strong relative strength—outperforming 93% of stocks over the past year. Key technical observations include:
- Trend: The long-term trend remains positive, with price consolidating near the upper end of its 52-week range.
- Support Zones: Multiple support levels exist between $49.71 and $55.91, providing a cushion against downside moves.
- Resistance: A breakout above $61.90 could signal further upside, with next resistance near $63.27.
- Setup Quality: With a Setup Rating of 7/10, the stock is forming a pullback pattern, offering a potential entry point.
For a deeper technical assessment, review the full technical report for DOCS.
Our High Growth Momentum Breakout Setups Screen identifies more stocks with similar growth and technical characteristics.
Disclaimer
This is not investment advice. The analysis reflects observations at the time of writing, and market conditions may change. Always conduct your own research before making investment decisions.
