Head to Head Comparison: Doximity (NYSE:DOCS) and VIQ Solutions (OTCMKTS:VQSLF)

VIQ Solutions (OTCMKTS:VQSLF) and Doximity (NYSE:DOCS) are both business services companies, but which is the better business? We will contrast the two companies based on the strength of their valuation, earnings, analyst recommendations, institutional ownership, dividends, profitability and risk.

Analyst Recommendations

This is a breakdown of recent ratings and target prices for VIQ Solutions and Doximity, as provided by MarketBeat.

	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
VIQ Solutions	0	0	0	0	0.00
Doximity	0	1	0	1	3.00

Given VIQ Solutions’ higher possible upside, equities analysts plainly believe VIQ Solutions is more favorable than Doximity.

Volatility and Risk

VIQ Solutions has a beta of -1.16, suggesting that its share price is 216% less volatile than the S&P 500. Comparatively, Doximity has a beta of 1.38, suggesting that its share price is 38% more volatile than the S&P 500.

Profitability

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

	Net Margins	Return on Equity	Return on Assets
VIQ Solutions	-20.94%	-32.42%	-11.67%
Doximity	40.72%	24.63%	21.30%

Insider and Institutional Ownership

87.2% of Doximity shares are owned by institutional investors. 31.3% of Doximity shares are owned by insiders. Strong institutional ownership is an indication that endowments, hedge funds and large money managers believe a company is poised for long-term growth.

Valuation & Earnings

This table compares VIQ Solutions 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
VIQ Solutions	$31.75 million	0.00	-$11.15 million	($0.50)	N/A
Doximity	$570.40 million	14.45	$223.18 million	$1.26	34.75

Doximity has higher revenue and earnings than VIQ Solutions. VIQ Solutions is trading at a lower price-to-earnings ratio than Doximity, indicating that it is currently the more affordable of the two stocks.

Summary

Doximity beats VIQ Solutions on 12 of the 13 factors compared between the two stocks.

About VIQ Solutions

VIQ Solutions Inc. operates as a technology and service platform provider for digital evidence capture, retrieval, and content management in Australia, the United States, the United Kingdom, Canada, and internationally. It operates in two segments, Technology and Related Revenue, and Technology Services. The Technology segment develops, distributes, and licenses computer-based digital solutions based on its technology. The Technology Services segment provides recording and transcription services. The company offers CapturePro that securely speeds the capture, creation, and management of large volumes of information, as well as preserves and secures the spoken word and video image, and delivers data; MobileMic Pro for capturing and managing incident reports, recorded statements, case notes, and other vital information; NetScribe, a speech-to-text engine to consolidate, accelerate, and optimize transcription workflows; and aiAssist, a multi-tenant workflow and analysis platform to manage, convert, and analyze large volumes of audio and visual content. It also provides legal, criminal justice, insurance, government, corporate finance, and media transcription services. The company was incorporated in 2004 and is based in Mississauga, Canada.

About Doximity

Doximity, Inc. operates a cloud-based digital platform for medical professionals in the United States. The company’s cloud-based 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 companies and health 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.