Is DocuSign Inc. (DOCU) Good For Your Portfolio?

DocuSign Inc. (NASDAQ:DOCU) saw a downside of -3.96% to $251.13 after subtracting -$10.37 on Tuesday. The 5-day average trading volume is 1,859,456 shares of the company’s common stock. It has gained $271.94 in the past week. An average of 2,213,079 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 2,205,350.

DOCU’s 1-month performance is -5.65% or -$24.98 on its low of $241.95 reached on 10/04/21. The company’s shares have touched a 52-week low of $179.49 and high of $314.76, with the stock’s rally to the 52-week high happening on 08/10/21. YTD, DOCU has achieved 17.63% or $29.87. However, the current price is down -20.21%% from the 52-week high price.


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Insider Transactions

On Oct 07, 5 days have gone by since the last insider trading activity for DocuSign Inc. (DOCU). Solvik Peter (Director) most recently sold 8,750 shares at $266.91 per share on Oct 07. This transaction cost the insider $2,335,462. Chief Revenue Officer, Alhadeff Loren, sold 6,387 shares at a price of $276.44 on Sep 17. Then, on Sep 14, Chief Operating Officer OLRICH SCOTT V. sold 835 shares at a price of $269.93 per share. This transaction amounted to $225,393.

Valuation Metrics

DocuSign Inc. (DOCU) has a trailing price-to-earnings (P/E) ratio of 29.20 for the broader industry and 36.86 for the sector.DOCU stock has a beta of 0.91. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 29.19 while the price-to-book (PB) in the most recent quarter is 242.13, with the price to cash flow ratio at 142.84.

DocuSign Inc.’s quick ratio for the period ended July 30 was 1.00, with the current ratio over the same period at 1.00 meaning that DOCU stock is able to fulfill its debt obligations. As well, the company’s long term debt to equity for the quarter ending July 30 was 3.45, while the total debt to equity was 3.46. In terms of profitability, the gross margin trailing 12 months is 76.70%. The trailing 12-month EBITDA margin is -4.68% while for the period ending July 30; DocuSign Inc.’s operating margin was -7.80%. The firm’s gross profit as reported stood at $1.09 billion against revenue of $1.45 billion.

Earnings Surprise

For the quarterly period ending July 30 this year, DocuSign Inc.’s cash and short-term investments amounted to $304.29 million against total debt of $913.28 million. Net income and sales went up compared to those figures reported in the previous quarter. Analysts expected DOCU to announce $0.4 per share in earnings in its latest quarter, but it posted $0.47, representing a 17.50% surprise. EBITDA for the quarter stood at more than $32.17 million. DOCU stock balance sheet for the quarter ending July 30 shows that total liabilities totaled 2.14 billion, with total debt at $913.28 million. Shareholders hold equity totaling $196.72 million

Technical Picture

Let’s look briefly at DocuSign Inc. (DOCU) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 11 October was 35.59% to suggest the stock is trending Neutral, with historical volatility in this time period at 42.23%.

The stock’s 5-day moving average is $261.93, reflecting a -1.57% or -$4.03 change from its current price. DOCU is currently trading -5.90% above its 20-day SMA, +29.00% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by -14.55% and +2.96% respectively.

Stochastic %K and %D was 47.84% and 58.54% and the average true range (ATR) pointed at 8.63. The RSI (14) points at 37.13%, while the 14-day stochastic is at 28.85% with the period’s ATR at 8.66. The stock’s 9-day MACD Oscillator is pointing at 0.28 and -2.06 on the 14-day charts.

Analyst Ratings

In the most recent analyst report for DocuSign Inc. (NASDAQ: DOCU), UBS reiterated its a Buy rating for the company but lifted their price target by $340 to $350. Analysts offering their rating for DOCU stock have a consensus rating for the stock as Overweight. Currently, 0 brokerage advisors rate DOCU as a “sell,”, while 5 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 1 rates the stock as overweight while 16 have offered a “buy” rating.

What is DOCU’s price target for the next 12 months?

Analysts have a consensus price target ranging from a low of $166.00 and a high of $389.00, with their median price target at $330.00. Looking at these predictions, the average price target given by analysts is for DocuSign Inc. (DOCU) stock is $323.18.

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