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.

Evaluating Growth: NYSE:DOCS

ChartMill assigns a Growth Rating to each stock, ranging from 0 to 10. This rating is determined by analyzing different growth elements, including EPS and revenue growth, spanning both historical and future figures. In the case of NYSE:DOCS, the assigned 8 reflects its growth potential:

• DOCS shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 105.66% yearly.
• DOCS shows a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 53.27% yearly.
• The Earnings Per Share is expected to grow by 24.26% on average over the next years. This is a very strong growth
• The Revenue is expected to grow by 21.10% on average over the next years. This is a very strong growth

Health Analysis for NYSE:DOCS

ChartMill employs its own Health Rating for stock assessment. This rating, ranging from 0 to 10, is calculated by examining various liquidity and solvency ratios. In the case of NYSE:DOCS, the assigned 9 reflects its health status:

• An Altman-Z score of 19.18 indicates that DOCS is not in any danger for bankruptcy at the moment.
• With an excellent Altman-Z score value of 19.18, DOCS belongs to the best of the industry, outperforming 97.56% 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 7.46 indicates that DOCS has no problem at all paying its short term obligations.
• DOCS's Current ratio of 7.46 is amongst the best of the industry. DOCS outperforms 90.24% of its industry peers.
• A Quick Ratio of 7.46 indicates that DOCS has no problem at all paying its short term obligations.
• With an excellent Quick ratio value of 7.46, DOCS belongs to the best of the industry, outperforming 90.24% of the companies in the same industry.

Profitability Examination for NYSE:DOCS

ChartMill's Profitability Rating offers a unique perspective on stock analysis, providing scores from 0 to 10. These ratings consider a wide range of profitability metrics and margins, both in comparison to industry peers and on their own merits. For NYSE:DOCS, the assigned 9 is a significant indicator of profitability:

• DOCS's Return On Assets of 10.30% is amongst the best of the industry. DOCS outperforms 97.56% of its industry peers.
• Looking at the Return On Equity, with a value of 11.99%, DOCS belongs to the top of the industry, outperforming 97.56% of the companies in the same industry.
• Looking at the Return On Invested Capital, with a value of 11.05%, 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 4.25%.
• The 3 year average ROIC (17.24%) for DOCS is well above the current ROIC(11.05%). The reason for the recent decline needs to be investigated.
• DOCS's Profit Margin of 27.20% is amongst the best of the industry. DOCS outperforms 97.56% of its industry peers.
• In the last couple of years the Profit Margin of DOCS has grown nicely.
• DOCS's Operating Margin of 30.47% is amongst the best of the industry. DOCS outperforms 100.00% of its industry peers.
• DOCS's Operating Margin has improved in the last couple of years.
• Looking at the Gross Margin, with a value of 87.74%, DOCS belongs to the top of the industry, outperforming 95.12% of the companies in the same industry.

How does the Setup look for NYSE:DOCS

Besides the Technical Rating, 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. NYSE:DOCS currently has a 7 as setup rating:

DOCS has only a medium technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is very little resistance above the current price. There is a support zone below the current price at 24.03, 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.

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

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

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.