Financial Analysis: Doximity (NASDAQ:DOCS) & X3 (NASDAQ:XTKG)

X3 (NASDAQ:XTKG) and Doximity (NASDAQ:DOCS) are both business services companies, but which is the better stock? We will compare the two businesses based on the strength of their valuation, earnings, analyst recommendations, institutional ownership, profitability, dividends and risk.

Analyst Ratings

This is a breakdown of recent recommendations for X3 and Doximity, as reported by MarketBeat.com.

	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
X3	0	0	0	0	N/A
Doximity	1	11	3	0	2.13

Doximity has a consensus price target of $28.73, suggesting a potential upside of 4.39%. Given Doximity’s higher probable upside, analysts clearly believe Doximity is more favorable than X3.

Valuation and Earnings

This table compares X3 and Doximity’s top-line revenue, earnings per share (EPS) and valuation.

	Gross Revenue	Price/Sales Ratio	Net Income	Earnings Per Share	Price/Earnings Ratio
X3	$16.83 million	0.04	-$109.60 million	N/A	N/A
Doximity	$475.42 million	10.73	$147.58 million	$0.72	38.22

Doximity has higher revenue and earnings than X3.

Institutional and Insider Ownership

1.9% of X3 shares are held by institutional investors. Comparatively, 87.2% of Doximity shares are held by institutional investors. 23.9% of X3 shares are held by insiders. Comparatively, 39.4% of Doximity shares are held by insiders. Strong institutional ownership is an indication that endowments, hedge funds and large money managers believe a stock will outperform the market over the long term.

Volatility & Risk

X3 has a beta of 1.5, indicating that its stock price is 50% more volatile than the S&P 500. Comparatively, Doximity has a beta of 1.23, indicating that its stock price is 23% more volatile than the S&P 500.

Profitability

This table compares X3 and Doximity’s net margins, return on equity and return on assets.

	Net Margins	Return on Equity	Return on Assets
X3	N/A	N/A	N/A
Doximity	31.04%	17.44%	14.85%

Summary

Doximity beats X3 on 10 of the 11 factors compared between the two stocks.

About X3

X3 Holdings Co Ltd. provides technology solutions and services worldwide. The company offers Global Trade Platform, a digital platform for trading partners, service providers, and government authorities. It also engages in bitcoin cryptomining operations, renewable energy projects, and agriculture technologies and trading. The company was formerly known as Powerbridge Technologies Co., Ltd. and changed its name to X3 Holdings Co Ltd. in January 2024. X3 Holdings Co Ltd. was founded in 1997 and is headquartered in Singapore.

About Doximity

Doximity, Inc. operates a cloud-based digital platform for medical professionals in the United States. The company's platform provides its members with tools built for medical professionals, enabling them to collaborate with their colleagues, coordinate patient care, conduct virtual patient visits, stay up to date with the latest medical news and research, and manage their careers. It primarily serves pharmaceutical manufacturers and healthcare systems. The company was formerly known as 3MD Communications, Inc. and changed its name to Doximity, Inc. in June 2010. Doximity, Inc. was incorporated in 2010 and is headquartered in San Francisco, California.