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DoorDash, Inc. (DASH)
NYSE - Nasdaq Real Time Price. Currency in USD
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⭐ This is a very Bullish Chart, traders! 💰💵📈
Just SHORTED 1000 shares at $143 ----- Going back to $19 for sure! Are you joining me?
I hope people notice that DASH management is manipulating stock-based compensation expenses to dress up the income statement just for this quarter. On the surface, quarter-to-quarter, operating loss improves from -$305mil to -$99mil, which seems like a great achievement at the bottom line. However, after adjusting for stock-based compensation expenses, as provided by the notes in the release, operating profit goes from $63mil to $14mil, or 6.5% to 1.3% of revenue. What does this mean?
1) Management is granting much less stock-based compensation to boost up the operating results of this quarter only, because in the short run this is not going to affect revenue or efficiency.
2) Cost of revenue actually rose significantly from 44.7% to 51% of revenue. This means that the external competitive environment has deteriorated, like the result of competitive pricing or increasing labor costs (things that management has little control over).
3) Note that the operating income turning positive after the adjustment of stock-based compensation doesn't mean it has really turned a profit, because stock-based compensation expense is no less a real expense. It just doesn't burn cash immediately.
Alongside rosy guidance, I think management is trying to use a inflated income statement to boost the share price just for the very short term such that insiders may dump the shares favorably next week.
The "shorts" took a major bath today. And I mean MAJOR. It will be interesting to see how many are still around next week.
This bounce is from traders positioning with shorts and options against the likely report of short fall on revenues and larger loss. Also many large holders need to hedge against a big drop. I am surprised it's not up more.
All the gig companies are competing for scarce drivers, so costs will be higher than anticipated. Without a surplus of drivers, they will not achieve the hoped for revenue number.
This will be down tomorrow, they can't make profits.
DoorDash is a disruptor, which we like! Up next, all eyes on ACRX, with 900% upside by year-end:
"The standard of care for perioperative opioid administration has not been disrupted for over 100 years." commented Dr. Pamela Palmer, AcelRx Chief Medical Officer and co-founder.
Imagine if ContextLogic $WISH incorporated a model where they deliver products to your door from a "local wish provider" and partnered with an existing delivery service like $DASH. Beating Amazon's 24 hr delivery for prime members and competing with Amazon's future drone delivery service by taking advantage of two heavily used and advanced networks.
This is a sub $40 stock very soon.
2 days to earnings and I just got an email from doordash support for unusual activity on my account. I haven’t used doordash for over 3 years..
Can only imagine how low it will go after earnings. Probably 60-70$
Big Doordash $DASH Revenue Beat. Shows the business model for JumiaFood $JMIA has huge potential to service the entire Continent of Africa and has a long profitable runway
(Similar to JumiaPay $JMIA and PayPal $PYPL)
Massive volume today. I'd be careful starting a new short position just yet.
This is all you need to know, even if a bull: We come away incrementally positive on DoorDash shares, but remain on the sidelines into the final lockup expiration next Tuesday (5/18), which we believe will unlock ~54% of basic shares, or ~174M shares,” JPMorgan analysts wrote.
DASH can rocket for these 4 reasons:
1. Revenue tripled to 1.08 billion in Q1
2. Projected deliveries for the year $35 to $38 billion
3. Stock has fallen steeply from its high $256
4. Many upgrades have come in $180 or above.
Even though lock out period expires 5/18, who will sell at these low price. In many ways, home delivery is here to stay. Post pandemic life, there are some key changes:
A. Work from home is here to stay with almost everyone getting atleast a day or two in week to work from home. Most of IT and many other work probably 3-5 days a week work from home
B. Home shopping is here to stay
C. Home food and other deliveries from door dash very much here to stay.
There you go👌🙏
Top Trades Ideas For May 2021:
why anyone thinks the beat on revenues justifies the market cap rising over 3x total annualized revenue is beyond me. I can see no mathematical way for this Company ever to justify a $50b market cap unless it can grow tenfold which is highly improbable. See you under 100 soon.
This is a golden opportunity to short more ahead of the flood of 100M fresh shares from insider dumping.
Loss widens on more growth what does that tell you folks?
My $185 May 21 puts from a few months ago are PRINTING. 💰
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