DocuSign, Inc. (NASDAQ:DOCU) went down by -4.27% from its latest closing price when compared to the 1-year high value of $92.55 and move down -13.74%, while DOCU stocks collected +6.21% of gains with the last five trading sessions. MarketWatch.com reported on 03/14/20 that Work-from-home tech stocks — the next big thing or shiny new object?
DocuSign, Inc. (NASDAQ:DOCU) Worth an Investment?
DocuSign, Inc. (NASDAQ:DOCU) of the analysts out of 0 who provided ratings for DocuSign, Inc. stocks as a “buy” while as overweight, rated it as hold and as sell. The average price we get from analysts is $87.15 which is $5.01 above current price. DOCU currently has a short float of 3.68% and public float of 165.92M with average trading volume of 2.41M shares.
DOCU Market Performance
DOCU stocks went up by 6.21% for the week, with the monthly drop of -2.03% and a quarterly performance of 10.93%, while its annual performance rate touched 51.41%. The simple moving average for the period of the last 20 days is 0.99% for DOCU stocks with the simple moving average of 24.54% for the last 200 days.
Analysts’ Opinion on DocuSign, Inc. (NASDAQ:DOCU)
Many brokerage firms have already submitted their reports for DOCU stocks, with Morgan Stanley repeating the rating for DOCU shares by setting it to “Equal-Weight”. The predicted price for DOCU socks in the upcoming period according to Morgan Stanley is $76 based on the research report published on January 13, 2020.
JMP Securities, on the other hand, stated in their research note that they expect to see DOCU stock at the price of $75, previously predicting the value of $70. The rating they have provided for DOCU stocks is “Mkt Outperform” according to the report published on November 21, 2019.
Piper Jaffray gave “Neutral” rating to DOCU stocks, setting the target price at $75 in the report published on November 8, 2019.
DOCU Stocks 0.99% Far from 50 Day Moving Average
After a stumble in the market that brought DOCU to its low price for the period of the last 52 weeks, DocuSign, Inc. was unable to take a rebound, for now settling with -12.08% of loss for the given period.
The stock volatility was left at 9.53%, however, within the period of a single month, the volatility rate increased by 8.66%, while the shares sank at the distance of -2.64% for the moving average in the last 20 days. In oppose to the moving average for the last 50 days, trading by +9.74% upper at the present time.
In the course of the last 5 trading sessions, DOCU went up by +6.21%, which changed the moving average for the period of 200 days to the total of +68.43% of gains for the stock in comparison to the 20-day moving average settled at $80.46. In addition, DocuSign, Inc. saw 9.80% in overturn over the period of a single year with a tendency to cut further gains.
DOCU Stock Insider Trading
Reports are indicating that there were more than several insider trading activities at DocuSign, Inc. (DOCU), starting from Solvik Peter, who sold 16,452 shares at the price of $79.70 back on Mar 20. After this action, Rushing now owns 44,344 shares of DocuSign, Inc., valued at $1,311,225 with the latest closing price.
Salem Enrique T, the Director of DocuSign, Inc., sold 372,351 shares at the value of $78.60 during a trade that took place back on Mar 19, which means that Salem Enrique T is holding 3,000,000 shares at the value of $29,266,789 based on the most recent closing price.
DOCU Stock Fundamentals
The current profitability levels are settled at -19.87 for the present operating margin and +75.03 for gross margin. The net margin for DocuSign, Inc. stands at -21.39. Equity return holds the value -39.80%, with -13.50% for asset returns.