why is doordash stock up today

by Yazmin Mitchell Published 3 years ago Updated 2 years ago

DoorDash shares soared on Thursday after the company reported fourth-quarter results that beat on the top line and showed strong order numbers. The company also gave upbeat full-year guidance, suggesting that it expects demand for food delivery to remain strong despite the easing of Covid-19 restrictions.Feb 17, 2022

Is it too late to buy DoorDash stock?

May 13, 2022 · In its latest earnings report, its operating loss rose from $110 million to $167 million. This is because DASH is investing a lot of money to make its clients happy. Consumers are valuing DoorDash ...

Is DoorDash publicly traded?

May 16, 2022 · DoorDash Inc (DASH) stock is trading at $69.10 as of 11:01 AM on Monday, May 16, a loss of -$4.61, or -6.25% from the previous closing price of $73.71. The stock has traded between $68.94 and $73.55 so far today. Volume today is light. So far 1,494,740 shares have traded compared to average volume of 6,148,967 shares.

When will DoorDash go public?

Jan 12, 2021 · Shares of takeout delivery service DoorDash ( DASH 12.38%) continued to surge higher in Tuesday trading, adding to a three-day winning streak that appears to have been prompted by news that ...

Is DoorDash worth it for drivers?

Sep 17, 2021 · DoorDash has a growing opportunity in the non-restaurant delivery business that could push the stock up more than 20%, according to Bank of America. On Thursday a team of analysts led by Michael ...

Is DoorDash stock a good buy?

Wall Street analysts, on average, rate the stock a Buy. Of the 24 analysts tracked by Seeking Alpha, nine rated the stock a Strong Buy, five a Buy and ten a Hold.Mar 7, 2022

Why is DoorDash stock down today?

Since the opening price on IPO date, the stock is down 43% while the S&P 500 is up 20%, and DoorDash shares could fall another 67%. We detail DoorDash's lack of profitability, low-switching costs in the delivery industry, and other challenges facing the company in our most recent report.Feb 25, 2022

Is DoorDash stock undervalued?

As per the peer valuation comparison table above illustrates, DoorDash is valued by the market at a significant premium to its peers in terms of forward Enterprise Value to Revenue multiples.Dec 7, 2021

Can Dashers buy DoorDash stock?

You can always buy shares of DoorDash on the stock market after the company officially goes public. Once the shares begin trading on the NYSE, you can open an account with a commission-free broker and buy the stock. Consider opening a brokerage account today so you are ready as soon as the stock hits the market.

Will DoorDash ever be profitable?

DoorDash has never made a profit and although the US food delivery market is consolidating, it still looks unlikely that it will post a profit in 2021.

Do you make more with uber eats or DoorDash?

According to ZipRecruiter, Uber Eats drivers earn an average of $41,175 per year compared to DoorDash drivers' $36,565. Whereas the 25th percentile for both services earn $27,000, the 75th percentile earn $44,500 and $41,500 with Uber Eats and DoorDash, respectively.Mar 22, 2022

Is DoorDash growing?

The Most Popular Food Delivery App in the U.S.

The COVID-19 pandemic has helped accelerate DoorDash's rapid growth and market dominance. The food delivery company increased its market share from under 20% in 2018 to 53% in 2021.Mar 24, 2022

Why is DoorDash not profitable?

"Essentially, the reason that DoorDash and Uber Eats have continued to lose money is because they make very little incremental profit when those food orders are placed," says McCarthy. The delivery apps make money by charging restaurants a commission for each order placed through the app.Dec 16, 2021

Is Dash overvalued?

While DoorDash has seen demand for its services soar through Covid-19, garnering roughly half the U.S. delivery market, we still think the company is quite overvalued at current levels, and estimate its fair value at closer to $90 per share.Jan 31, 2022

Who is DoorDash owned by?

Meet DoorDash CEO Tony Xu, the 36-year-old food delivery app entrepreneur whose net worth soared to more than US$3 billion amid Covid-19.Mar 8, 2021

Is DoorDash a franchise?

DoorDash, Inc. is an American company that operates an online food ordering and food delivery platform. It is based in San Francisco, California, United States.
...
DoorDash.

Type	Public
Brands	Caviar Chowbotics Wolt
Services	Food delivery
Revenue	US$4,888 million^a (2021)
Operating income	–US$452 million^a (2021)

14 more rows

Is DoorDash a publicly traded company?

DoorDash Soars in First Day of Trading. The delivery company's shares closed at $190 each, 86 percent above its initial public offering price of $102, in a sign of investor appetite.Mar 19, 2021

Does DoorDash have a general manager?

Is DoorDash a market?

On Friday last week, Nikkei Asia observed that DoorDash has begun advertising to recruit a general manager to run operations for it in Japan -- a virtually wide open market for food delivery, where 95% of restaurants have yet to set up home delivery services for their customers.

DoorDash is similar to Uber, but they're not the same

Japan looks like a market tailor-made for DoorDash to thrive in. It's a highly urbanized society, in which distances from restaurant to customer will be short, and multiple customers can be serviced in any single delivery run. Sadly, it's also a market in which cases of coronavirus infection have been surging. Tokyo and nearby prefectures have begun declaring states of emergency and encouraging citizens to limit trips outside, and restaurants to close their doors early.

What happened

I like things that go "boom." Sonic or otherwise, that means I tend to gravitate towards defense and aerospace stocks. But to tell the truth, over the course of a dozen years writing for The Motley Fool, I have covered -- and continue to cover -- everything from retailers to consumer goods stocks, and from tech to banks to insurers as well.

So what

Shares of DoorDash ( NYSE:DASH), the food-delivery company that took America by storm (and conducted a blockbuster IPO) in 2020 and helped quarantining diners survive the pandemic, is having a great day Thursday: Its shares are up 9.5% in 1:50 p.m. EST trading.

Now what

Oh, not no reasons at all. There's the generalized optimism of a nation that just survived an apparent constitutional crisis on Wednesday and came out intact. There's also now the virtual certainty that we'll have a U.S. Senate and House unified under one-party rule, with that same party also in the White House, which promises to stimulate the U.S.

DASH Is an Economic Bellwether

Should investors like DoorDash stock, though? (Should they even like Uber?)

Bottom Line

But here’s the thing. During the Great Recession, the restaurant-to-grocery-sales ratio’s growth rate flattened, then dipped before recovering a few years later. Logically, a down economy correlates with consumers tightening their budgets and eating out is the easy expense to cut.

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