STOCK TITAN

DocGo Inc. - DCGO STOCK NEWS

Welcome to our dedicated page for DocGo news (Ticker: DCGO), a resource for investors and traders seeking the latest updates and insights on DocGo stock.

DocGo Inc. (DCGO) is a prominent provider of mobile medical services and transportation across 26 US states and the United Kingdom. The company specializes in delivering last-mile mobile health services and integrated medical mobility solutions, ensuring quality healthcare access wherever it's needed. DocGo operates through three primary segments: Mobile Health Services, Transportation Services, and Corporate, with Mobile Health Services being the most significant revenue contributor.

DocGo's Mobile Health Services segment encompasses a wide range of medical offerings, including on-site health assessments, remote patient monitoring, and urgent care. These services aim to bridge the gap between traditional healthcare facilities and patients, providing timely and efficient care right at the patient's location.

The Transportation Services segment focuses on non-emergency medical transportation, ensuring patients can safely travel to and from healthcare appointments. This segment is essential for maintaining consistent patient care, particularly for individuals with mobility challenges or those requiring specialized transport vehicles.

DocGo's Corporate segment manages administrative functions and strategic initiatives, supporting the operational efficiency and growth of the company's primary services. Recent achievements for DocGo include expanding its service areas, integrating advanced technology in patient care, and forming strategic partnerships with notable healthcare providers to enhance service delivery and patient outcomes.

Financially, DocGo has demonstrated steady growth, bolstered by its diversified service offerings and commitment to innovation in healthcare delivery. The company's focus on expanding its footprint and leveraging technology positions it to continue thriving in the dynamic healthcare sector.

News
Rhea-AI Summary
DocGo Inc. (Nasdaq: DCGO) has announced a new share repurchase program allowing the purchase of up to $36 million of its common stock by July 30, 2024. The prior share repurchase authorization expired on November 24, 2023. The approved amount represents approximately 10% of DocGo’s outstanding shares based on the share price at the time of authorization. The company may purchase shares through open market repurchases, privately negotiated transactions, or other means. The timing and actual number of shares repurchased will depend on various factors, including stock price, trading volume, and market conditions.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
8.5%
Tags
buyback
-
Rhea-AI Summary
DocGo Inc. rejects Fuzzy Panda Research's assessment of their business practices, calling it false, misleading, and defamatory. The Company refutes allegations of Medicare fraud, stating that they are routinely reviewed by regulatory agencies and have not had adverse material financial findings against them. They have a robust compliance department and engage independent third-party audit firms. DocGo also dismisses claims of a 'culture of cover up' against a purported UK subsidiary, clarifying that the North East Ambulance Trust is a customer, not a subsidiary.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.36%
Tags
none
-
Rhea-AI Summary
DocGo Inc. (DocGo) rejects a purported assessment by Fuzzy Panda Research, an obscure short seller, as false and defamatory. The company's revenue for fiscal year 2023 is expected to be between $615 million and $625 million, with revenue in 2024 expected to exceed $700 million.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-37.58%
Tags
none
Rhea-AI Summary
DocGo Inc. (Nasdaq: DCGO) has achieved ISO 9001:2015 certification for its medical staffing division that services federal agencies. This certification underscores the company's commitment to quality management and customer satisfaction, positioning it as a premier provider for commercial and government customers.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-5.15%
Tags
none
-
Rhea-AI Summary
DocGo Inc. (Nasdaq: DCGO) partners with Enchant Milwaukee’s Winter Village to provide event medical services, offering medical triage, on-site medical services, and an emergency response team. The Winter Village draws over 250,000 attendees annually, and DocGo's mobile healthcare services aim to ensure the safety and well-being of event attendees.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.2%
Tags
none
-
Rhea-AI Summary
DocGo Inc. (Nasdaq:DCGO) expands vaccination and public health initiatives in Arizona through a new contract with the Department of Health in Santa Cruz County, addressing primary healthcare shortages in rural communities.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
8.7%
Tags
none
News
Rhea-AI Summary
DocGo Inc. (NASDAQ: DCGO) Faces Investigation and Legal Claims, Stock Price Drops
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.22%
Tags
none
-
Rhea-AI Summary
DocGo (DCGO) to participate in investor conferences in November, including Needham & Company 4th Annual Tech Week, Canaccord Genuity MedTech Diagnostics and Digital Health & Services Forum, and BTIG Digital Health Forum. Virtual 1x1 investor meetings will be held, contact respective representatives for more information.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.78%
Tags
none
-
Rhea-AI Summary
DocGo Inc. raises 2023 revenue guidance to $615-$625 million, up from $540-$550 million. Adjusted EBITDA guidance increased to $50-$55 million, up from $48-$53 million. Q3 2023 revenue was $186.6 million, up 49% QoQ and 79% YoY. Net income was $4.6 million, up 254% QoQ and 84% YoY. Backlog increased to $430 million. The company expanded services, won new contracts, and partnered with Main Line Health and EmblemHealth.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
5.34%
Tags
Rhea-AI Summary
DocGo Inc. to release Q3 financial results and host conference call on November 6, 2023
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.99%
Tags

FAQ

What is the current stock price of DocGo (DCGO)?

The current stock price of DocGo (DCGO) is $3.49 as of November 4, 2024.

What is the market cap of DocGo (DCGO)?

The market cap of DocGo (DCGO) is approximately 362.7M.

What services does DocGo Inc. provide?

DocGo Inc. offers mobile medical services, including on-site health assessments, remote patient monitoring, and urgent care. They also provide non-emergency medical transportation.

In which regions does DocGo Inc. operate?

DocGo Inc. operates in 26 US states and the United Kingdom.

What are the main segments of DocGo Inc.?

DocGo Inc. operates through three segments: Mobile Health Services, Transportation Services, and Corporate.

What is the primary revenue-generating segment for DocGo Inc.?

The primary revenue-generating segment for DocGo Inc. is Mobile Health Services.

What recent achievements has DocGo Inc. accomplished?

DocGo Inc. has expanded its service areas, integrated advanced technology in patient care, and formed strategic partnerships with healthcare providers.

What is the focus of DocGo Inc.'s Transportation Services segment?

The Transportation Services segment focuses on non-emergency medical transportation, ensuring safe travel for patients to and from healthcare appointments.

How does DocGo Inc. support operational efficiency?

DocGo Inc.'s Corporate segment manages administrative functions and strategic initiatives to support operational efficiency and growth.

How has DocGo Inc. demonstrated financial growth?

DocGo Inc. has shown steady financial growth through its diversified services and innovation in healthcare delivery.

What is the significance of DocGo Inc.'s expanded service footprint?

The expanded service footprint allows DocGo Inc. to provide timely and efficient healthcare to a broader population, enhancing access to medical services.

How does technology play a role in DocGo Inc.'s services?

DocGo Inc. leverages advanced technology in patient care to improve service delivery and patient outcomes, making healthcare more accessible and efficient.

DocGo Inc.

Nasdaq:DCGO

DCGO Rankings

DCGO Stock Data

362.71M
102.32M
9.88%
54.24%
7.12%
Medical Care Facilities
Services-health Services
Link
United States of America
NEW YORK