Examining the Potential Price Growth of DocGo Inc. (DCGO)


DocGo Inc.’s recently made public that its General Counsel and Secretary Tendler Ely D unloaded Company’s shares for reported $87500.0 on Aug 22. In the deal valued at $8.75 per share,10,000 shares were sold. As a result of this transaction, Tendler Ely D now holds 23,088 shares worth roughly $ 0.2 million.

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Then, Capone Anthony sold 15,000 shares, generating $150,150 in total proceeds. Upon selling the shares at $10.01, the Chief Executive Officer now owns 406,275 shares.

Before that, Bienstock Lee sold 1,667 shares. DocGo Inc. shares valued at $16,987 were divested by the President & COO at a price of $10.19 per share. As a result of the transaction, Bienstock Lee now holds 302,371 shares, worth roughly $2.64 million.

BTIG Research initiated its DocGo Inc. [DCGO] rating to a Buy in a research note published on Friday, August 18, 2023; the price target was $15. PT values the company’s stock at a premium of 41.73 to its Friday closing price.

Price Performance Review of DCGO

On Friday, DocGo Inc. [NASDAQ:DCGO] saw its stock fall -2.35% to $8.74. On the same session, the stock had its day’s lowest price of $8.72, but rose to a high of $9.11. Over the last five days, the stock has lost -1.13%. DocGo Inc. shares have risen nearly 23.62% since the year began. Nevertheless, the stocks have fallen -14.31% over the past one year. While a 52-week high of $11.41 was reached on 08/10/23, a 52-week low of $6.36 was recorded on 01/05/23. SMA at 50 days reached $9.10, while 200 days put it at $8.56. A total of 0.77 million shares were traded, compared to the trading of 0.7 million shares in the previous session.

Levels Of Support And Resistance For DCGO Stock

The 24-hour chart illustrates a support level at 8.60, which if violated will result in even more drops to 8.47. On the upside, there is a resistance level at 8.99. A further resistance level may holdings at 9.25. The Relative Strength Index (RSI) on the 14-day chart is 42.44, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.19, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 93.61%. Stochastics %K at 13.04% indicates the stock is a buying.

How much short interest is there in DocGo Inc.?

A steep rise in short interest was recorded in DocGo Inc. stocks on Aug 14, 2023, dropping by -0.2 million shares to a total of 11.22 million shares. Yahoo Finance data shows the prior-month short interest on Jul 13, 2023 was 11.42 million shares. There was a decline of -1.78%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 12.40% of the overall stock float, the days-to-cover ratio (short ratio) fell to 13.14.

DocGo Inc. [DCGO] – Who Are The Largest Shareholders?

In filings from Hood River Capital Management LLC, it is revealed that the company now owns 5,736,363 shares, or roughly 5.54% of the outstanding DCGO shares. In other words, the investor’s shares have risen by 171,275 from its previous 13-F filing of 5565088.0. Additionally, BlackRock Fund Advisors increased 0.72% of its stake after which the total value it holdings stand at $43,365,997, while The Vanguard Group, Inc. added 0.61% of its stake to hold $36.87 million in the firm. At present, Emerald Advisers LLC is holding 2,261,551 shares valued at $18.97 million. Kennedy Capital Management LLC owned 2,194,121 shares of the company at the time of its most recent 13F filing, worth $18.41 million.

According to FactSet, DocGo Inc.’s share price will average $13.57 in the next year, based on opinions of analysts polled by the firm. This is up nearly 45.25 percent from its previous closing price of $8.95. Analysts expect DocGo Inc. stock to reach the higher price of $16.00, while the lowest price estimate is $12.00. However, 7 analysts have rated DCGO stock as a Buy in their predictions for 2023.


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