A Technical View of the DocuSign Inc. (DOCU)


DocuSign Inc. (NASDAQ:DOCU) saw a downside of -1.26% to close Tuesday at $57.95 after subtracting -$0.74 on the day. The 5-day average trading volume is 4,656,140 shares of the company’s common stock. It has gained $61.27 in the past week and touched a new high 1 time within the past 5 days. An average of 4,343,210 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 6,125,672.

DOCU’s 1-month performance is 2.42% or $4.05 on its low of $51.48 reached on 12/27/22. The company’s shares have touched a 52-week low of $39.57 and high of $131.91, with the stock’s rally to the 52-week high happening on 01/18/23. YTD, DOCU has achieved 4.57% or $2.53 and has reached a new high 5 times. However, the current price is down -56.07% from the 52-week high price.

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Insider Transactions

DOCU stock investors last saw insider trading activity on Jan 19.Springer Daniel D. (Director) most recently sold 147,008 shares at $55.08 per share on Jan 19. This transaction cost the insider $8,097,603. Director, Springer Daniel D., sold 147,009 shares at a price of $58.12 on Jan 18. Then, on Jan 17, Director Springer Daniel D. sold 147,009 shares at a price of $58.48 per share. This transaction amounted to $8,597,128.

Valuation Metrics

DOCU stock has a beta of 0.99. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 4.57 while the price-to-book (PB) in the most recent quarter is 24.87, with the price to cash flow ratio at 28.81.

DocuSign Inc.’s quick ratio for the period ended October 30 was 1.00, with the current ratio over the same period at 1.00. As well, the company’s long term debt to equity for the quarter ending October 30 was 1.46, while the total debt to equity was 1.54.. In terms of profitability, the gross margin trailing 12 months is 78.20%. The firm’s gross profit as reported stood at $1.64 billion against revenue of $2.11 billion.

Earnings Surprise

For the quarterly period ending October 30 this year, Net income and sales went up compared to those figures reported in the previous quarter. Net income grew 80.98% to -$29.87 million, while revenue of -$45.08 million was -50.92% off the previous quarter. Analysts expected DOCU to announce $0.42 per share in earnings in its latest quarter, but it posted $0.57, representing a 35.70% surprise. EBITDA for the quarter stood at more than $40.15 million. DOCU stock balance sheet for the quarter ending October 30 shows that total liabilities totaled 2.26 billion, with total debt at $837.73 million. Shareholders hold equity totaling $201.07 million.

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 24 January was 54.84% to suggest the stock is trending Neutral, with historical volatility in this time period at 54.45%.

The stock’s 5-day moving average is $56.93, reflecting a -2.96% or -$1.77 change from its current price. DOCU is currently trading +6.84% above its 20-day SMA, -1.06% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +45.60% and SMA200 by-43.57%.

Stochastic %K and %D was 60.95% and 50.04% and the average true range (ATR) pointed at 3.09. The RSI (14) points at 55.53%, while the 14-day stochastic is at 63.52% with the period’s ATR at 3.08. The stock’s 9-day MACD Oscillator is pointing at -0.17 and 0.55 on the 14-day charts.

Analyst Ratings

In the most recent analyst report for DocuSign Inc. (NASDAQ: DOCU), Jefferies upgraded it to a Buy rating. They previously had a Hold rating on the stock. Analysts offering their rating for DOCU stock have a consensus rating for the stock as Hold. Currently, 3 brokerage advisors rate DOCU as a “sell,”, while 14 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 1 rates the stock as overweight while 6 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 $38.00 and a high of $90.00, with their median price target at $55.00. Looking at these predictions, the average price target given by analysts is for DocuSign Inc. (DOCU) stock is $61.35.


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