At the last check on Friday, DocuSign Inc.’s (NASDAQ:DOCU) stock was up $0.66, moving up 1.39 percent to $48.28. The average number of shares traded per day over the past five days has been 1,883,249 shares. 1 time new highs have been achieved over the past 5 days, with a -$0.93 fall in that time frame. In the last twenty days, the average volume was 2,015,457, while in the previous 50 days, it was 3,881,003.
Since last month, DOCU stock retreated -6.65%. Shares of the company fell to $46.75 on 08/18/23, the lowest level in the past month. A 52-week high of $70.10 was reached on 02/16/23 after having rallying from a 52-week low of $39.57. Since the beginning of this year, DOCU’s stock price has dropped by -12.88% or -$7.13, and marked a new high 8 times. However, the stock has declined by -31.13% since its 52-week high.
DOCU stock investors should be aware that DocuSign Inc. (DOCU) stock had its last reported insider trading activity 42 days ago on Jul 07. Salem Enrique T, the Director of the company, disposed of 2,500 shares for $50.02 on Jul 07. It resulted in a $125,062 divestment by the insider. Shute Stephen sold 100,315 shares at an average price of $49.20 on Jul 06. The insider now owns 0 shares following the transaction. On Mar 16, Director Briggs Teresa sold 1,988 shares at $58.53 apiece. The transaction was valued at $116,358.
Valuation Metrics
The stock’s beta is 0.92. Besides these, the trailing price-to-sales (P/S) ratio of 3.86, the price-to-book (PB) ratio of 13.05, and the price-to-cash flow ratio of 21.28 may also be considered.
Financial Health
In the three months ended April 29, DocuSign Inc.’s quick ratio stood at 0.80, while its current ratio was 0.80, showing that the company is not able to pay off its debt. On the profitability front, the trailing twelve-month gross margin is 79.10% percent. In the year ended April 29, operating margins totaled -2.80%. Based on annual data, DOCU earned $1.98 billion in gross profit and brought in $2.52 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 -7.10%. Return on equity (ROE) for the past 12 months was -12.40%.
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 rose 10.99% to $250.87 million during the quarter, while net income inched up to $661.39 million. While analysts expected DocuSign Inc. to report $0.56 quarterly earnings, the actual figure was $0.72 per share, beating the consensus estimate by 28.60%. During the quarter, the company generated $67.69 million in EBITDA. The liabilities of DocuSign Inc. were 2.38 billion at the end of its most recent quarter ended April 29, and its total debt was $882.98 million. The value of shareholders’ equity is $202.37 million.
Technical Picture
This quick technical analysis looks at DocuSign Inc.’s (DOCU) price momentum. With a historical volatility rate of 16.59%, the RSI 9-day stood at 33.36% on 17 August.
With respect to its five-day moving average, the current DocuSign Inc. price is down by -1.89% percent or -$0.93. At present, DOCU shares trade -7.24% below its 20-day simple moving average and -15.53% percent below its 100-day simple moving average. However, the stock is currently trading approximately -15.61% below its SMA50 and -0.02% below its SMA200.
Stochastic coefficient K was 10.84% and Stochastic coefficient D was 7.43%, while ATR was 1.48. Given the Stochastic reading of 22.75% for the 14-day period, the RSI (14) reading has been calculated as 36.96%. As of today, the MACD Oscillator reading stands at -1.19, while the 14-day reading stands at -2.12.
Analyst Ratings
DocuSign Inc. downgraded its rating on DocuSign Inc. (NASDAQ: DOCU) to an Underweight in a note to investors on March 10, 2023. The analysts firm previously had a Neutral rating on the stock.DocuSign Inc. (DOCU) has been rated Hold by analysts. According to 4 brokerage firms, DOCU is a sell, and 16 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 1 analyst rate DocuSign Inc. stock as buy, with 4 recommending it as overweight.
With a median target price of $67.00, the current consensus forecast for the stock is $48.00 – $84.00. Based on these forecasts, analysts predict DocuSign Inc. (DOCU) will achieve an average price target of $65.40.
