DocGo Inc. (NASDAQ:DCGO – Get Rating) saw a significant increase in short interest in the month of December. As of December 30th, there was short interest totalling 6,430,000 shares, an increase of 13.8% from the December 15th total of 5,650,000 shares. Based on an average daily trading volume, of 800,900 shares, the short-interest ratio is currently 8.0 days. Currently, 7.8% of the company's shares are sold short.
Institutional Investors Weigh In On DocGo
Several large investors have recently added to or reduced their stakes in DCGO. State Street Corp grew its stake in DocGo by 352.2% during the second quarter. State Street Corp now owns 1,660,004 shares of the company's stock worth $11,852,000 after purchasing an additional 1,292,941 shares during the period. Point72 Asset Management L.P. acquired a new stake in DocGo during the third quarter worth approximately $8,147,000. Portolan Capital Management LLC acquired a new stake in DocGo during the third quarter worth approximately $6,233,000. Nuveen Asset Management LLC grew its stake in DocGo by 257.7% during the third quarter. Nuveen Asset Management LLC now owns 844,071 shares of the company's stock worth $8,373,000 after purchasing an additional 608,096 shares during the period. Finally, Northern Trust Corp grew its stake in DocGo by 425.3% during the second quarter. Northern Trust Corp now owns 698,573 shares of the company's stock worth $4,989,000 after purchasing an additional 565,582 shares during the period. Institutional investors and hedge funds own 36.88% of the company's stock.
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DocGo Trading Up 7.2 %
Shares of DCGO stock traded up $0.61 on Friday, hitting $9.05. The company had a trading volume of 996,396 shares, compared to its average volume of 745,092. The firm has a market cap of $926.82 million, a P/E ratio of 20.57 and a beta of 0.64. The stock's 50-day moving average is $7.19 and its two-hundred day moving average is $8.60. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.54 and a current ratio of 3.54. DocGo has a twelve month low of $4.96 and a twelve month high of $11.41.
DocGo (NASDAQ:DCGO – Get Rating) last issued its quarterly earnings results on Monday, November 7th. The company reported $0.05 earnings per share for the quarter, meeting the consensus estimate of $0.05. The company had revenue of $104.32 million during the quarter, compared to analysts' expectations of $98.12 million. DocGo had a return on equity of 16.14% and a net
margin of 10.34%. On average, equities research analysts anticipate that DocGo will post 0.28 earnings per share for the current fiscal year.
DocGo Company Profile
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DocGo, Inc provides mobile health and medical transportation services for various health care providers in the United States and the United Kingdom. The company's transportation services include emergency response services; and non-emergency transport services comprise ambulance and wheelchair transportation services.
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