The stock of DocuSign Inc. (NASDAQ:DOCU) increased by $0.21 on Tuesday to finish at $47.95, up 0.44 percent. The last five days have seen an average of 1,811,280 shares of common stock traded. 8 times new highs were reached in the current year, with a fall of -$7.47. The average number of shares traded over the last 20 days was 2,000,420, while the average volume over the last 50 days totaled 2,469,612.
DOCU stock dropped -10.91% since last month. On 08/24/23, the company’s shares reached a one-month low of $46.66. The stock touched a high of $69.45 on 02/16/23, after rallying from a low of $39.57 in 52 weeks. The price of DOCU stock has declined by -13.48% or -$7.47 this year, reaching a new high 8 times. Still, the stock price is down -30.96% from the 52-week high.
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Insider Transactions
DOCU stock investors should be aware that DocuSign Inc. (DOCU) stock had its last reported insider trading activity 54 days ago on Jul 07. On Jul 07, Director Salem Enrique T sold 2,500 shares at $50.02 each. This transaction resulted in the insider making $125,062. On Jul 06, Shute Stephen sold 100,315 shares at a price of US$49.20. After the transaction, the insider now owns 0 shares. Director Briggs Teresa had earlier sold 1,988 shares on Mar 16 for $58.53 a share. The transaction was completed for $116,358.
Valuation Metrics
Beta for the stock is 0.91. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 3.62, the price-to-book (PB) ratio of 12.96, and the price-to-cash flow ratio of 20.00.
Financial Health
For the three months ended April 29, DocuSign Inc.’s quick ratio was 0.80, while its current ratio was 0.80, indicating its inability to pay off its debt. As far as profitability goes, gross margin for the trailing twelve months is 79.10% percent. DocuSign Inc.’s EBITDA margin for the year ended April 29 was 2.43%, whereas its operating margin stood at -2.80% for the same period. Based on annual data, it had gross profit of $1.98 billion and revenue of $2.52 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. DOCU’s return on assets (ROA) during the last 12 months has been -2.40%. There was a -7.10% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was -12.40%.
Earnings Surprise
According to DocuSign Inc.’s quarterly financial report for the quarter that ended April 29. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $661.39 million, while revenues rose by 10.99% to $250.87 million. It was predicted that DocuSign Inc.’s quarterly earnings would be $0.72, but it ended up being $0.56, beating the consensus by 28.60%. EBITDA was $67.69 million for the quarter. At the end of DocuSign Inc.’s most recent quarter ended April 29, its liabilities totaled 2.38 billion, while its total debt was $882.98 million. Equity owned by shareholders amounts to $202.37 million.
Technical Picture
Here’s a quick look at DocuSign Inc.’s (DOCU) price momentum from a technical perspective. As of 29 August, the RSI 9-day stood at 42.04%, suggesting the stock is Neutral, with a 27.74% historical volatility rate.
The stochastic %K and %D were 26.12% and 20.79% respectively, while the average true range (ATR) was 1.41. Based on the 14-day stochastic reading of 25.27%, the RSI (14) reading is 41.19%. On the 9-day MACD Oscillator, the stock is at 0.15, and the 14-day reading is at -0.32.
Analyst Ratings
DocuSign Inc. (NASDAQ: DOCU) was downgraded by JP Morgan to a an Underweight rating in its latest research report. The stock was previously rated as a a Neutral. Analysts have assigned DocuSign Inc. (DOCU) an Hold rating. DOCU is a stock that is recommended for selling by 4 brokerage firms, while 16 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 1 rate it overweight and 4 others recommend it as a buy.
What is DOCU’s price target for the next 12 months?
The current consensus forecast for the stock is between $44.00 and $84.00, with a median target price of $67.00. In analyzing these forecasts, the average price target given by analysts for DocuSign Inc. (DOCU) is $65.16.
