DASH Stock OutlookĭASH is most well known as a food delivery company, but it is aggressively moving beyond just connecting restaurants to consumers. The company ended the quarter with $3.7 billion of cash & investments, making up more than 16% of the market cap. But the fact that the company is operating at a positive adjusted EBITDA run-rate is important when analyzing the financial solvency position of the company, as this company is cash flow positive. Regarding that last note, DASH is still not yet profitable on a GAAP basis with stock-based compensation being still quite significant. The company generated yet another quarter with adjusted EBITDA profits. Revenue grew 35%, faster than GOV growth of 25% because of lower Dasher incentives and promotions. DASH Stock Key MetricsĪs expected, DASH saw continued deceleration in growth as the company lapped tough comparables. The declining stock price has only improved the value proposition. I last covered DASH in February, when I called the stock a buy on account of the long growth runway. The stock was most recently trading just over $60 per share. DASH Stock PriceĭASH priced its IPO at $102 per share in late 2020 and peaked above $240 per share. If you believe in a world of "delivery on demand," then DASH may be a stock for you. DASH continues to penetrate a large market, presenting it with a long growth runway ahead of it. There is no indication that DASH can return to pandemic-level growth rates, but at these prices, the stock can deliver stellar returns even assuming far more modest growth. There is a saying that periods of irrational optimism are followed by periods of irrational pessimism. ( NYSE: DASH), which has seen its stock price destroyed in just several months' time. Just look at what that did to the stock price of DoorDash, Inc. It isn't easy transitioning down from triple digit growth. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.Hapabapa/iStock Editorial via Getty Images NASDAQ data is at least 15 minutes delayed. NYSE and AMEX data is at least 20 minutes delayed. Real time prices by BATS. Delayed quotes by FIS. Visit to get our data and content for your mobile app or website. Visit Performance Disclosure for information about the performance numbers displayed above. Certain Zacks Rank stocks for which no month-end price was available, pricing information was not collected, or for certain other reasons have been excluded from these return calculations. Zacks Ranks stocks can, and often do, change throughout the month. Only Zacks Rank stocks included in Zacks hypothetical portfolios at the beginning of each month are included in the return calculations. The monthly returns are then compounded to arrive at the annual return. A simple, equally-weighted average return of all Zacks Rank stocks is calculated to determine the monthly return. Zacks Rank stock-rating system returns are computed monthly based on the beginning of the month and end of the month Zacks Rank stock prices plus any dividends received during that particular month. These returns cover a period from Januthrough July 3, 2023. Since 1988 it has more than doubled the S&P 500 with an average gain of +24.26% per year. This dedication to giving investors a trading advantage led to the creation of our proven Zacks Rank stock-rating system. and Morningstar, Inc.Ĭopyright 2023 Zacks Investment Research | 10 S Riverside Plaza Suite #1600 | Chicago, IL 60606Īt the center of everything we do is a strong commitment to independent research and sharing its profitable discoveries with investors. Forbes Media, LLC Investor's Business Daily, Inc. Each of the company logos represented herein are trademarks of Microsoft Corporation Dow Jones & Company Nasdaq, Inc. This page has not been authorized, sponsored, or otherwise approved or endorsed by the companies represented herein. Zacks Style Scores Education - Learn more about the Zacks Style Scores That means you want to buy stocks with a Zacks Rank #1 or #2, Strong Buy or Buy, which also has a Score of an A or a B in your personal trading style. As you might remember from your school days, an A, is better than a B a B is better than a C a C is better than a D and a D is better than an F.Īs an investor, you want to buy stocks with the highest probability of success. Within each Score, stocks are graded into five groups: A, B, C, D and F. There's also a VGM Score ('V' for Value, 'G' for Growth and 'M' for Momentum), which combines the weighted average of the individual style scores into one score. The scores are based on the trading styles of Value, Growth, and Momentum. It allows the user to better focus on the stocks that are the best fit for his or her personal trading style. The Style Scores are a complementary set of indicators to use alongside the Zacks Rank.
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