DocuSign Inc. (NASDAQ: DOCU) has seen a decline in its stock price by -2.22 in relation to its previous close of 44.95. However, the company has experienced a -12.47% decline in its stock price over the last five trading sessions. Yahoo Finance reported 2023-09-16 that Electronic signature company DocuSign (DOCU) sees significant revenue gains in its second-quarter earnings, with CEO Allan Thygesen looking forward to growth opportunities presented by artificial intelligence. Thygesen sits down with Yahoo Finance to discuss DocuSign’s expansive client base and the company’s use cases for integrating AI into drafting digital agreements.
Is It Worth Investing in DocuSign Inc. (NASDAQ: DOCU) Right Now?
The 36-month beta value for DOCU is also noteworthy at 0.90. There are mixed opinions on the stock, with 4 analysts rating it as a “buy,” 1 rating it as “overweight,” 16 rating it as “hold,” and 5 rating it as “sell.”
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The average price estimated by analysts for DOCU is $62.99, which is $20.33 above than the current price. The public float for DOCU is 200.75M, and at present, short sellers hold a 4.31% of that float. The average trading volume of DOCU on September 18, 2023 was 3.27M shares.
DOCU’s Market Performance
DOCU stock saw a decrease of -12.47% in the past week, with a monthly decline of -9.12% and a quarterly a decrease of -19.03%. The volatility ratio for the week is 3.95%, and the volatility levels for the last 30 days are 3.53% for DocuSign Inc. (DOCU). The simple moving average for the last 20 days is -9.63% for DOCU stock, with a simple moving average of -18.83% for the last 200 days.
Analysts’ Opinion of DOCU
Many brokerage firms have already submitted their reports for DOCU stocks, with HSBC Securities repeating the rating for DOCU by listing it as a “Reduce.” The predicted price for DOCU in the upcoming period, according to HSBC Securities is $42 based on the research report published on September 15, 2023 of the current year 2023.
DOCU Trading at -12.76% from the 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, the company was unable to rebound, for now settling with -36.72% of loss for the given period.
Volatility was left at 3.53%, however, over the last 30 days, the volatility rate increased by 3.95%, as shares sank -7.71% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -11.10% lower at present.
During the last 5 trading sessions, DOCU fell by -12.47%, which changed the moving average for the period of 200-days by -4.02% in comparison to the 20-day moving average, which settled at $48.45. In addition, DocuSign Inc. saw -20.70% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at DOCU starting from Salem Enrique T, who sale 2,500 shares at the price of $50.02 back on Jul 07. After this action, Salem Enrique T now owns 156,140 shares of DocuSign Inc., valued at $125,062 using the latest closing price.
Shute Stephen, the President, Field Operations of DocuSign Inc., sale 100,315 shares at $49.20 during a trade that took place back on Jul 06, which means that Shute Stephen is holding 0 shares at $4,935,349 based on the most recent closing price.
Stock Fundamentals for DOCU
Current profitability levels for the company are sitting at:
- -2.09 for the present operating margin
- +78.25 for the gross margin
The net margin for DocuSign Inc. stands at -3.87. The total capital return value is set at -3.94, while invested capital returns managed to touch -10.37. Equity return is now at value -2.50, with -0.60 for asset returns.
Based on DocuSign Inc. (DOCU), the company’s capital structure generated 143.90 points at debt to equity in total, while total debt to capital is 59.00. Total debt to assets is 29.48, with long-term debt to equity ratio resting at 22.90. Finally, the long-term debt to capital ratio is 9.39.
When we switch over and look at the enterprise to sales, we see a ratio of 3.31, with the company’s debt to enterprise value settled at 0.07. The receivables turnover for the company is 5.12 and the total asset turnover is 0.91. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.71.
Conclusion
In summary, DocuSign Inc. (DOCU) has had a bad performance as of late. Analysts have bearish opinions on the stock, with some viewing it as a “sell” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
