DocGo Inc. (NASDAQ:DCGO – Get Rating)'s stock price was up 6.5% during trading on Friday . The company traded as high as $9.00 and last traded at $8.99. Approximately 26,024 shares changed hands during trading, a decline of 96% from the average daily volume of 724,152 shares. The stock had previously closed at $8.44.
DocGo Stock Performance
The firm has a market capitalization of $926.82 million, a price-to-earnings ratio of 20.57 and a beta of 0.64. The firm's 50-day moving average price is $7.19 and its two-hundred day moving average price is $8.61. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.54 and a current ratio of 3.54.
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DocGo (NASDAQ:DCGO – Get Rating) last released its quarterly earnings data on Monday, November 7th. The company reported $0.05 earnings per share for the quarter, meeting analysts' consensus estimates of $0.05. DocGo had a return on equity of 16.14% and a net margin of 10.34%. The company had revenue of $104.32 million for the quarter, compared to the consensus estimate of $98.12 million. Sell-side analysts predict that DocGo Inc. will post 0.28 earnings per share for the current year.
Hedge Funds Weigh In On DocGo
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Mesirow Financial Investment Management Inc. acquired a new position in shares of DocGo in the 4th quarter worth approximately $274,000. ForthRight Wealth Management LLC raised its holdings in shares of DocGo by 298.8% in the fourth quarter. ForthRight Wealth Management LLC now owns 394,886 shares of the company's stock valued at $2,792,000 after buying an additional 295,868 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in DocGo by 18.5% during the 3rd quarter. Bank of New York Mellon Corp now owns 244,250 shares of the company's stock worth $2,423,000 after acquiring an additional 38,084 shares during the last quarter. Advisory Research Inc. acquired a new stake in DocGo in the 3rd quarter valued at about $1,107,000. Finally, Tamarack Advisers LP raised its stake in shares of DocGo by 114.3% in the third quarter. Tamarack Advisers LP now owns 375,000 shares of the company's stock worth $3,720,000 after acquiring an additional 200,000 shares during the last quarter. 36.88% of the stock is currently owned by institutional investors and hedge funds.
About DocGo
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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.
Further Reading
- Get a free copy of the StockNews.com research report on DocGo (DCGO)
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