DocuSign Inc (NASDAQ:DOCU) remained unchanged to close Monday at $41.50 after subtracting $0.0 on the day. The 5-day average trading volume is 3,743,880 shares of the company’s common stock. It has gained $44.55 in the past week and touched a new high 2 times within the past 5 days. An average of 5,287,305 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 3,385,244.
DOCU’s 1-month performance is -11.12% or -$6.79 on its low of $41.19 reached on 09/25/23. The company’s shares have touched a 52-week low of $39.57 and high of $69.45, with the stock’s rally to the 52-week high happening on 02/16/23. YTD, DOCU has lost -25.12% or -$13.92 and has reached a new high 8 times. However, the current price is down -40.24% from the 52-week high price.
Insider Transactions
DOCU stock investors last saw insider trading activity on Sep 19.Shute Stephen (President, Field Operations) most recently sold 13,606 shares at $43.51 per share on Sep 19. This transaction cost the insider $591,997. Director, Salem Enrique T, sold 2,500 shares at a price of $50.02 on Jul 07. Then, on Jul 06, President, Field Operations Shute Stephen sold 100,315 shares at a price of $49.20 per share. This transaction amounted to $4,935,349.
Valuation Metrics
DOCU stock has a beta of 0.94. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 3.18 while the price-to-book (PB) in the most recent quarter is 9.95, with the price to cash flow ratio at 14.39.
DocuSign Inc’s quick ratio for the period ended July 30 was 0.88, with the current ratio over the same period at 0.88. As well, the company’s long term debt to equity for the quarter ending July 30 was 0.15, while the total debt to equity was 1.04. In terms of profitability, the gross margin trailing 12 months is 78.92%. The firm’s gross profit as reported stood at $1.98 billion against revenue of $2.52 billion.
Earnings Surprise
For the quarterly period ending July 30 this year, Net income and sales went up compared to those figures reported in the previous quarter. Net income grew 709.19% to $7.4 million, while revenue of $0.54 million was 92.7% off the previous quarter. Analysts expected DOCU to announce $0.66 per share in earnings in its latest quarter, but it posted $0.72, representing a 9.10% surprise. EBITDA for the quarter stood at more than $83.25 million. DOCU stock balance sheet for the quarter ending July 30 shows that total liabilities totaled 2.42 billion, with total debt at $878.9 million. Shareholders hold equity totaling $203.21 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 25 September was 17.23% to suggest the stock is trending oversold, with historical volatility in this time period at 7.24%.
The stock’s 5-day moving average is $42.46, reflecting a -5.16% or -$2.26 change from its current price. DOCU is currently trading -14.06% above its 20-day SMA, -14.34% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -21.28% and SMA200 by-0.79%.
Stochastic %K and %D was 1.19% and 2.56% and the average true range (ATR) pointed at 1.48. The RSI (14) points at 24.54%, while the 14-day stochastic is at 2.54% with the period’s ATR at 1.55. The stock’s 9-day MACD Oscillator is pointing at -1.65 and -3.91 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for DocuSign Inc (NASDAQ: DOCU), HSBC Securities launched coverage with a Reduce rating. Analysts offering their rating for DOCU stock have a consensus rating for the stock as Hold. Currently, 5 brokerage advisors rate DOCU as a “sell,”, while 15 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 1 rates the stock as overweight while 4 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 $42.00 and a high of $87.00, with their median price target at $59.00. Looking at these predictions, the average price target given by analysts is for DocuSign Inc (DOCU) stock is $62.75.
