The Stock Of The Week: DocuSign Inc. (DOCU)

As of Friday close, DocuSign Inc.’s (NASDAQ:DOCU) stock was up $9.33, moving up 13.36 percent to $79.17. The average number of shares traded per day over the past five days has been 5,818,300 shares. 2 times new highs have been achieved over the past 5 days, with a $4.60 gain in that time frame. In the last twenty days, the average volume was 4,383,995, while in the previous 50 days, it was 6,171,324.

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Since last month, DOCU stock retreated -24.28%. Shares of the company fell to $64.84 on 05/12/22, the lowest level in the past month. A 52-week high of $314.76 was reached on 01/03/22 after having rallying from a 52-week low of $64.84. Since the beginning of this year, DOCU’s stock price has dropped by -48.02% or -$73.14, and marked a new high 1 time. However, the stock has declined by -74.85% since its 52-week high.

DocuSign Inc. (DOCU) last reported insider trading activity 39 days ago on Apr 05. OLRICH SCOTT V., the Chief Operating Officer of the company, disposed of 255 shares for $110.31 on Apr 05. It resulted in a $28,129 divestment by the insider. OLRICH SCOTT V. sold 3,948 shares at an average price of $110.09 on Apr 05. The insider now owns 230,663 shares following the transaction. On Mar 29, Chief Operating Officer OLRICH SCOTT V. sold 835 shares at $109.99 apiece. The transaction was valued at $91,844.

Valuation Metrics

The stock’s beta is 1.04. Besides these, the trailing price-to-sales (P/S) ratio of 8.15, the price-to-book (PB) ratio of 56.96, and the price-to-cash flow ratio of 38.59 may also be considered.

Financial Health

In the three months ended October 30, DocuSign Inc.’s quick ratio stood at 1.00, while its current ratio was 1.00, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending October 30 was 2.61, and the total debt-to-equity ratio was 2.61. On the profitability front, the trailing twelve-month gross margin is 77.90% percent. In the year ended October 30, operating margins totaled -2.90%. Based on annual data, DOCU earned $1.64 billion in gross profit and brought in $2.11 billion in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was -6.50%. Return on equity (ROE) for the past 12 months was -28.90%.

According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. DOCU’s revenue fell -2886.9% to $545.46 million during the quarter, while net income inched up to $12.82 million. While analysts expected DocuSign Inc. to report $0.46 quarterly earnings, the actual figure was $0.58 per share, beating the consensus estimate by 26.10%. During the quarter, the company generated $40.51 million in EBITDA. The liabilities of DocuSign Inc. were 2.27 billion at the end of its most recent quarter ended October 30, and its total debt was $901.8 million. The value of shareholders’ equity is $198.87 million.

Technical Picture

This quick technical analysis looks at DocuSign Inc.’s (DOCU) price momentum. With a historical volatility rate of 109.56%, the RSI 9-day stood at 48.24% on 13 May.

With respect to its five-day moving average, the current DocuSign Inc. price is up by +6.17% percent or $4.60. At present, DOCU shares trade -20.46% below its 20-day simple moving average and -46.53% percent below its 100-day simple moving average. However, the stock is currently trading approximately -27.14% below its SMA50 and -73.71% below its SMA200.

Stochastic coefficient K was 27.72% and Stochastic coefficient D was 16.16%, while ATR was 7.34. Given the Stochastic reading of 57.71% for the 14-day period, the RSI (14) reading has been calculated as 44.79%. As of today, the MACD Oscillator reading stands at -3.74, while the 14-day reading stands at -6.57.

Analyst Ratings

DocuSign Inc. downgraded its rating on DocuSign Inc. (NASDAQ: DOCU) to an Underperform in a note to investors on May 03, 2022. The analysts firm previously had a Neutral rating on the stock.DocuSign Inc. (DOCU) has been rated Overweight by analysts. According to 2 brokerage firms, DOCU is a sell, and 9 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 2 analysts rate DocuSign Inc. stock as buy, with 8 recommending it as overweight.

With a median target price of $97.50, the current consensus forecast for the stock is $60.00 – $180.00. Based on these forecasts, analysts predict DocuSign Inc. (DOCU) will achieve an average price target of $104.06.


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