NYSE:DOCS—A High-Growth Stock Gearing Up for Its Next Upward Move.

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.

Understanding NYSE:DOCS's Growth Score

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 30.14% over the past year.
• The Earnings Per Share has been growing by 81.71% 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 13.44% 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.
• DOCS is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 11.43% yearly.
• The Revenue is expected to grow by 11.63% on average over the next years. This is quite good.

Health Analysis for NYSE:DOCS

ChartMill employs a unique Health Rating system for all stocks. This rating, ranging from 0 to 10, is determined by analyzing various liquidity and solvency ratios. For NYSE:DOCS, the assigned 9 for health provides valuable insights:

• An Altman-Z score of 19.86 indicates that DOCS is not in any danger for bankruptcy at the moment.
• Looking at the Altman-Z score, with a value of 19.86, DOCS belongs to the top of the industry, outperforming 94.87% of the companies in the same industry.
• 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 6.20. This indicates that DOCS is financially healthy and has no problem in meeting its short term obligations.
• DOCS has a better Current ratio (6.20) than 89.74% of its industry peers.
• A Quick Ratio of 6.20 indicates that DOCS has no problem at all paying its short term obligations.
• With an excellent Quick ratio value of 6.20, DOCS belongs to the best of the industry, outperforming 89.74% of the companies in the same industry.

Profitability Analysis for NYSE:DOCS

ChartMill employs its own Profitability Rating system for stock evaluation. This score, ranging from 0 to 10, is derived from an analysis of diverse profitability metrics and margins. In the case of NYSE:DOCS, the assigned 9 is noteworthy for profitability:

• DOCS's Return On Assets of 13.67% is amongst the best of the industry. DOCS outperforms 100.00% of its industry peers.
• Looking at the Return On Equity, with a value of 16.37%, DOCS belongs to the top of the industry, outperforming 100.00% of the companies in the same industry.
• DOCS has a Return On Invested Capital of 15.15%. This is amongst the best in the industry. DOCS outperforms 100.00% of its industry peers.
• DOCS had an Average Return On Invested Capital over the past 3 years of 12.02%. This is significantly above the industry average of 5.56%.
• The 3 year average ROIC (12.02%) for DOCS is below the current ROIC(15.15%), indicating increased profibility in the last year.
• DOCS has a Profit Margin of 31.04%. This is amongst the best in the industry. DOCS outperforms 100.00% of its industry peers.
• DOCS's Profit Margin has improved in the last couple of years.
• Looking at the Operating Margin, with a value of 36.14%, DOCS belongs to the top of the industry, outperforming 100.00% of the companies in the same industry.
• In the last couple of years the Operating Margin of DOCS has grown nicely.
• With an excellent Gross Margin value of 89.35%, DOCS belongs to the best of the industry, outperforming 94.87% of the companies in the same industry.

Why is NYSE:DOCS a setup?

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

DOCS has an excellent technical rating and also presents 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 28.69. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 27.83, a Stop Loss order could be placed below this zone.

More Strong Growth stocks can be found in our Strong Growth screener.

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

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

Keep in mind

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.