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.

What does the Growth looks like for NYSE:DOCS

To evaluate a stock's growth potential, ChartMill utilizes a Growth Rating on a scale of 0 to 10. This comprehensive assessment considers various growth aspects, including historical and estimated EPS and revenue growth. NYSE:DOCS has achieved a 8 out of 10:

• The Earnings Per Share has grown by an impressive 34.94% over the past year.
• DOCS shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 81.49% yearly.
• Looking at the last year, DOCS shows a quite strong growth in Revenue. The Revenue has grown by 15.27% in the last year.
• DOCS shows a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 40.87% yearly.
• DOCS is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 13.57% yearly.
• The Revenue is expected to grow by 11.03% on average over the next years. This is quite good.

ChartMill's Evaluation of Health

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:

• DOCS has an Altman-Z score of 41.38. This indicates that DOCS is financially healthy and has little risk of bankruptcy at the moment.
• DOCS's Altman-Z score of 41.38 is amongst the best of 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.
• DOCS has a Current Ratio of 7.24. This indicates that DOCS is financially healthy and has no problem in meeting its short term obligations.
• DOCS's Current ratio of 7.24 is amongst the best of the industry. DOCS outperforms 100.00% of its industry peers.
• A Quick Ratio of 7.24 indicates that DOCS has no problem at all paying its short term obligations.
• Looking at the Quick 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.

Profitability Examination for NYSE:DOCS

ChartMill utilizes a Profitability Rating to assess stocks, scoring them on a scale of 0 to 10. This rating takes into account a variety of profitability ratios and margins, both in absolute terms and in comparison to industry peers. NYSE:DOCS has earned a 9 out of 10:

• DOCS has a better Return On Assets (15.57%) than 97.14% of its industry peers.
• Looking at the Return On Equity, with a value of 18.11%, DOCS belongs to the top of the industry, outperforming 97.14% of the companies in the same industry.
• DOCS's Return On Invested Capital of 16.83% is amongst the best of the industry. DOCS outperforms 100.00% of its industry peers.
• Measured over the past 3 years, the Average Return On Invested Capital for DOCS is significantly above the industry average of 6.40%.
• 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 better Profit Margin (33.69%) than 97.14% of its industry peers.
• In the last couple of years the Profit Margin of DOCS has grown nicely.
• The Operating Margin of DOCS (39.06%) is better than 100.00% of its industry peers.
• In the last couple of years the Operating Margin of DOCS has grown nicely.
• With an excellent Gross Margin value of 89.94%, DOCS belongs to the best of the industry, outperforming 97.14% of the companies in the same industry.

How do we evaluate the setup 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 8 as setup rating:

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. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 57.96. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 52.13, 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.

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

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

Keep in mind

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.