GRUB - DoorDash stock is trading near its all-time low; Is now the time to buy?
DoorDash (NYSE:DASH) stock is trading at a near all-time low, despite analysts forecasting that the food delivery service will thrive in a post-pandemic environment. Is now the time to buy? Can DASH Sustain Momentum after the Pandemic? Shares of DoorDash, which went public in December 2020, climbed steadily during the first several months of 2021. Further gains later in the year allowed the stock to hit a 52-week high of $257.55 on Nov. 15. However, since then, shares have come under pressure, with a particular sharp decline early this year. The stock has tumbled 32% since the beginning of 2022, reaching a 52-week low of $85.18 on Feb. 24. In comparison, shares of competitor Grubhub (NASDAQ:GRUB) have sunk 38% while shares of UBER (NYSE:UBER), which also offers food delivery, have fallen 24%. On Feb. 16, DoorDash released a relatively positive Q4 earnings report. While the net loss was greater than
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DoorDash stock is trading near its all-time low; Is now the time to buy?