NYSE:DOCS: a strong growth stock preparing for the next leg up?.

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.

Growth Examination for 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:

• The Earnings Per Share has grown by an impressive 34.94% over the past year.
• Measured over the past years, DOCS shows a very strong growth in Earnings Per Share. The EPS has been growing by 81.49% on average per year.
• DOCS shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 15.27%.
• 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 12.92% yearly.
• DOCS is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 10.90% yearly.

Health Analysis for NYSE:DOCS

Every stock is evaluated by ChartMill, receiving a Health Rating on a scale of 0 to 10. This assessment considers different health aspects, including liquidity and solvency, both in absolute terms and relative to industry peers. NYSE:DOCS has achieved a 9 out of 10:

• An Altman-Z score of 39.80 indicates that DOCS is not in any danger for bankruptcy at the moment.
• DOCS has a Altman-Z score of 39.80. This is amongst the best in the industry. DOCS outperforms 100.00% of its industry peers.
• 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.
• A Current Ratio of 7.24 indicates that DOCS has no problem at all paying its short term obligations.
• Looking at the Current ratio, with a value of 7.24, DOCS belongs to the top of the industry, outperforming 100.00% of the companies in the same industry.
• A Quick Ratio of 7.24 indicates that DOCS has no problem at all paying its short term obligations.
• DOCS has a better Quick ratio (7.24) than 100.00% of its industry peers.

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:

• The Return On Assets of DOCS (15.57%) is better than 97.22% of its industry peers.
• The Return On Equity of DOCS (18.11%) is better than 97.22% of its industry peers.
• The Return On Invested Capital of DOCS (16.83%) is better than 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 6.38%.
• The 3 year average ROIC (12.02%) for DOCS is below the current ROIC(16.83%), indicating increased profibility in the last year.
• DOCS has a Profit Margin of 33.69%. This is amongst the best in the industry. DOCS outperforms 97.22% of its industry peers.
• In the last couple of years the Profit Margin of DOCS has grown nicely.
• DOCS's Operating Margin of 39.06% 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.
• With an excellent Gross Margin value of 89.94%, DOCS belongs to the best of the industry, outperforming 97.22% of the companies in the same industry.

How do we evaluate the setup for NYSE:DOCS?

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:

Besides having an excellent technical rating, DOCS also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price. There is a support zone below the current price at 50.79, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for DOCS in the last couple of days, which is a good sign.

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

For an up to date full fundamental analysis you can check the fundamental report of DOCS

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

Disclaimer

This article should in no way be interpreted as advice. The article is based on the observed metrics at the time of writing, but you should always make your own analysis and trade or invest at your own responsibility.