NYSE:DOCS, a strong growth stock, setting up for a breakout.

Groth investors are looking for stocks showing high revenue and EPS growth. We will have a look here to see if DOXIMITY INC-CLASS A (NYSE:DOCS) is suited for growth investing, while it is forming a base and may be ready to breakout. Investors should of course do their own research, but we spotted DOXIMITY INC-CLASS A showing up in our growth with base formation screen, so it may be worth spending some more time on it.

How We Gauge Growth for NYSE:DOCS

A key component of ChartMill's stock assessment is the Growth Rating, which spans from 0 to 10. This rating evaluates diverse growth factors, such as EPS and revenue growth, considering both past performance and future projections. NYSE:DOCS has received a 8 out of 10:

• DOCS shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 30.14%, which is quite impressive.
• The Earnings Per Share has been growing by 81.49% on average over the past years. This is a very strong growth
• DOCS shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 13.44%.
• 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.
• Based on estimates for the next years, DOCS will show a quite strong growth in Earnings Per Share. The EPS will grow by 12.92% on average per year.
• DOCS is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 10.90% yearly.

Looking at the Health

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. NYSE:DOCS has earned a 9 out of 10:

• DOCS has an Altman-Z score of 19.25. This indicates that DOCS is financially healthy and has little risk of bankruptcy at the moment.
• Looking at the Altman-Z score, with a value of 19.25, DOCS belongs to the top of the industry, outperforming 97.44% 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's Current ratio of 6.20 is amongst the best of the industry. DOCS outperforms 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.
• The Quick ratio of DOCS (6.20) is better than 89.74% of its industry peers.

Analyzing Profitability Metrics

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 has a Return On Assets of 13.67%. This is amongst the best in the industry. DOCS outperforms 100.00% of its industry peers.
• DOCS has a better Return On Equity (16.37%) than 100.00% of its industry peers.
• With an excellent Return On Invested Capital value of 15.15%, DOCS belongs to the best of the industry, outperforming 100.00% of the companies in the same industry.
• DOCS had an Average Return On Invested Capital over the past 3 years of 12.02%. This is significantly above the industry average of 5.77%.
• The last Return On Invested Capital (15.15%) for DOCS is above the 3 year average (12.02%), which is a sign of increasing profitability.
• Looking at the Profit Margin, with a value of 31.04%, DOCS belongs to the top of the industry, outperforming 100.00% of the companies in the same industry.
• DOCS's Profit Margin has improved in the last couple of years.
• DOCS has a better Operating Margin (36.14%) 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 (89.35%) is better than 94.87% of its industry peers.

Why is NYSE:DOCS a setup?

ChartMill also assign a Setup Rating to every stock. With this score it is determined to what extend the stock has been trading in a range in the recent days and weeks. This score also ranges from 0 to 10 and is updated daily. The setup score evaluates various short term technical indicators. NYSE:DOCS scores a 7 out of 10:

DOCS has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. 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 27.63, a Stop Loss order could be placed below this zone.

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.

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

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.