DocuSign Inc (NASDAQ:DOCU) finished Thursday with an addition of $0.69 to close at $42.01, an upside of 1.67 percent. An average of 3,338,000 shares of common stock have been traded in the last five days. There was a fall of -$0.18 in the past week, and it reached a new high 7 times over the past 12 months. The last 20 days have seen an average of 5,527,910 shares traded, while the 50-day average volume stands at 3,464,478.
DOCU stock has decreased by -12.39% in the last month. The company shares reached their 1-month lowest point of $40.60 on 09/28/23. With the stock rallying to its 52-week high on 02/16/23, shares of the company touched a low of $39.57 and a high of $69.45 in 52 weeks. It has reached a new high 8 times so far this year and lost -24.20% or -$13.41 in price. In spite of this, the price is down -39.51% 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 10 days ago on Sep 19. In this transaction, the insider spent $591,997. Director, Salem Enrique T, disposed of 2,500 shares at a price of $50.02 on Jul 07. The insider now owns more than $125,062 worth of shares. Prior to that, President, Field Operations Shute Stephen went on to Sale 100,315 shares at $49.20 each on Jul 06. An amount of $4,935,349 was transacted.
Valuation Metrics
DocuSign Inc (DOCU) stock’s beta is 0.94. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 3.22, the price-to-book (PB) ratio at 10.07, and the price-to-cash flow ratio at 14.57.
Financial Health
The quick ratio of DocuSign Inc for the three months ended July 30 was 0.88, and the current ratio was 0.88, indicating that the company is not able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.15 and a total debt to equity ratio of 1.04 for the quarter ending July 30. DocuSign Inc’s EBITDA margin for the year ending July 30 is 2.43%, while its operating margin for the same period stands at 1.58%. Its gross profit as reported stood at $1.98 billion compared to revenue of $2.52 billion.
Earnings Surprise
In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $7.4 million in the quarter, while revenues were grew 709.19%. The analyst consensus anticipated DocuSign Inc’s latest quarter earnings to come in at $0.66 per share, but it turned out to be $0.72, a 9.10% surprise. For the quarter, EBITDA amounted to $83.25 million. Shareholders own equity worth $203.21 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at DocuSign Inc (DOCU) price momentum. RSI 9-day as of the close on 28 September was 29.54%, suggesting the stock is oversold, with historical volatility in this time frame at 20.25%.
As of today, DOCU’s price is $41.47 -0.43% or -$0.18 from its 5-day moving average. DOCU is currently trading -14.05% lower than its 20-day SMA and -13.79% lower than its 100-day SMA. However, the stock’s current price level is -22.46% below the SMA50 and -14.54% below the SMA200.
The stochastic %K and %D were 6.57% and 3.68%, respectively, and the average true range (ATR) was 1.37. With the 14-day stochastic at 13.95% and the average true range at 1.46, the RSI (14) stands at 30.82%. The stock has reached -0.81 on the 9-day MACD Oscillator while the 14-day reading was at -1.99.
Analyst Ratings
HSBC Securities upgraded DocuSign Inc (NASDAQ: DOCU) to a a Hold rating in its most recent analyst report. Previously, the stock was rated as a Reduce. The consensus rating for DocuSign Inc (DOCU) among analysts is Hold. According to current brokerage recommendations, 4 brokerage firms advise that investors sell DOCU, while 15 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 1 analysts, while 4 others rate it as a “buy”.
What is DOCU’s price target for the next 12 months?
Analysts predict a range of price targets between $42.00 and $87.00, with a median target of $59.50. Taking a look at these predictions, the average price target given by analysts for DocuSign Inc (DOCU) stock is $63.13.
