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However, closing yesterday’s trading session at $215.25, DASH’s stock is trading 16.3% below its 52-week high of $257.25, which it hit on November 15. The stock has declined 12.5% in price over the past five days.
While the gig economy’s growth, spurred by the COVID-19 pandemic, boosted the company’s business, DASH’s revenue has decelerated significantly over the past few quarters. In addition, growing driver acquisition spending due to a shortage of workers, and an increasingly crowded market of app-based gig economy companies, could negatively impact its business. So, the stock could witness a pullback in the near term.
