DocuSign Inc (DOCU) vs. Its Peers: A Comparison

DocuSign Inc (NASDAQ: DOCU) has a price-to-earnings ratio of 164.76x that is above its average ratio. Additionally, the 36-month beta value for DOCU is 0.88. There are mixed opinions on the stock, with 3 analysts rating it as a “buy,” 2 rating it as “overweight,” 3 rating it as “hold,” and 0 rating it as “sell.”

The public float for DOCU is 203.25M and currently, short sellers hold a 3.49% ratio of that float. The average trading volume of DOCU on April 03, 2024 was 3.79M shares.

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DOCU) stock’s latest price update

DocuSign Inc (NASDAQ: DOCU) has experienced a rise in its stock price by 0.62 compared to its previous closing price of 58.23. However, the company has seen a fall of -0.07% in its stock price over the last five trading days. Zacks Investment Research reported 2024-04-01 that Whether you’re a value, growth, or momentum investor, finding strong stocks becomes easier with the Zacks Style Scores, a top feature of the Zacks Premium research service.

DOCU’s Market Performance

DocuSign Inc (DOCU) has experienced a -0.07% fall in stock performance for the past week, with a 7.35% rise in the past month, and a -1.45% drop in the past quarter. The volatility ratio for the week is 2.74%, and the volatility levels for the past 30 days are at 3.28% for DOCU. The simple moving average for the last 20 days is 2.46% for DOCU’s stock, with a simple moving average of 16.01% for the last 200 days.

Analysts’ Opinion of DOCU

Many brokerage firms have already submitted their reports for DOCU stocks, with Morgan Stanley repeating the rating for DOCU by listing it as a “Equal-Weight.” The predicted price for DOCU in the upcoming period, according to Morgan Stanley is $64 based on the research report published on January 16, 2024 of the current year 2024.

Daiwa Securities gave a rating of “Outperform” to DOCU, setting the target price at $60 in the report published on December 15th of the previous year.

DOCU Trading at 4.55% 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 -9.53% of loss for the given period.

Volatility was left at 3.28%, however, over the last 30 days, the volatility rate increased by 2.74%, as shares surge +9.41% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -7.29% lower at present.

During the last 5 trading sessions, DOCU fell by -0.07%, which changed the moving average for the period of 200-days by +8.30% in comparison to the 20-day moving average, which settled at $57.44. In addition, DocuSign Inc saw -1.45% 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 Shute Stephen, who sale 15,109 shares at the price of $57.02 back on Mar 19 ’24. After this action, Shute Stephen now owns 8,959 shares of DocuSign Inc, valued at $861,560 using the latest closing price.

GRAYSON BLAKE JEFFREY, the Chief Financial Officer of DocuSign Inc, sale 7,018 shares at $57.03 during a trade that took place back on Mar 19 ’24, which means that GRAYSON BLAKE JEFFREY is holding 21,051 shares at $400,237 based on the most recent closing price.

Stock Fundamentals for DOCU

Current profitability levels for the company are sitting at:

  • 0.03 for the present operating margin
  • 0.79 for the gross margin

The net margin for DocuSign Inc stands at 0.03. The total capital return value is set at 0.06. Equity return is now at value 8.47, with 2.47 for asset returns.

Based on DocuSign Inc (DOCU), the company’s capital structure generated 0.11 points at debt to capital in total, while cash flow to debt ratio is standing at 7.02. The debt to equity ratio resting at 0.13. The interest coverage ratio of the stock is 10.63.

Currently, EBITDA for the company is 178.39 million with net debt to EBITDA at -3.13. When we switch over and look at the enterprise to sales, we see a ratio of 4.12. The receivables turnover for the company is 6.07for trailing twelve months and the total asset turnover is 0.93. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.92.

Conclusion

In conclusion, DocuSign Inc (DOCU) has seen mixed performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.

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