Dash stock nyse1/11/2024 ![]() ![]() DoorDash’s biggest cost is related to its delivery partners and this number is variable, rising in proportion with the number of orders, giving the company little leverage. This makes us concerned about DoorDash’s unit economics. Moreover, DoorDash has not been able to turn a profit despite posting big growth over the past year and its loss over Q2 2021 was also larger than expected. Sure, DoorDash’s has posted breakneck revenue growth recently, with sales rising 3x last year and projected to rise over 45% this year, but growth rates will slow considerably in 2022. The stock trades at a whopping 15x forward revenue, almost like a software-type business that has thicker margins and more operating leverage. That said, despite the optimism, we think DoorDash stock is considerably overvalued at its current market price of $206 per share. Moreover, the company also posted stronger than expected revenues over Q2 2021 with sales rising 83% year-over-year to about $1.2 billion, despite the relaxation of some Covid-19 guidelines over the quarter, giving investors some confidence that demand could hold up reasonably well even post Covid. Firstly, the surge in Covid-19 cases in the U.S., caused by the highly infectious Delta variant of the virus, will likely delay return to office plans and this could also bode well for stay-at-home stocks such as DoorDash. The recent rally was driven by a couple of factors. The stock is also up by about 50% year-to-date. Santiago/Getty Images) Getty ImagesĭoorDash stock (NYSE: DASH) has rallied by almost 10% over the last month, significantly outperforming the S&P 500 which declined about 1% over the same period. in the Flatbush neighborhood of Brooklyn on Decemin New York City. Please appreciate that there may be other options available to you than the products, providers or services covered by our service.NEW YORK, NEW YORK - DECEMBER 04: A Doordash sticker is seen on a window at Mallenche Mexican Grill. compares a wide range of products, providers and services but we don't provide information on all available products, providers or services. Please don't interpret the order in which products appear on our Site as any endorsement or recommendation from us. While compensation arrangements may affect the order, position or placement of product information, it doesn't influence our assessment of those products. We may also receive compensation if you click on certain links posted on our site. We may receive compensation from our partners for placement of their products or services. While we are independent, the offers that appear on this site are from companies from which receives compensation. Frequently asked questionsį is an independent comparison platform and information service that aims to provide you with the tools you need to make better decisions. The company was formerly known as Palo Alto Delivery Inc. It operates DoorDash and Wolt marketplaces, which provides an array of services that enable merchants to solve mission-critical challenges, such as customer acquisition, delivery, insights and analytics, merchandising, payment processing, and customer support DashPass and Wolt+, a membership products and offers DoorDash Drive and Wolt Drive, a white-label delivery fulfillment services DoorDash Storefront that enables merchants to offer consumers on-demand access to e-commerce and Bbot, which offers merchants digital ordering and payment solutions for in-store and online channels. operates a logistics platform that connects merchants, consumers, and dashers in the United States and internationally. ![]() This would suggest that DoorDash's shares are more volatile than the average for this exchange and represent, relatively-speaking, a higher risk (but potentially also market-beating returns). The market (NYSE average) beta is 1, while DoorDash's is 1.4992. ![]() volatility (beta: 1.00) Low Highīeta is a measure of a share's volatility in relation to the market. A popular way to gauge a stock's volatility is its "beta". Over the last 12 months, DoorDash's shares have ranged in value from as little as $41.365 up to $87. We're not expecting DoorDash to pay a dividend over the next 12 months. TTM: trailing 12 months DoorDash share dividends All international money transfer services. ![]()
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