The stock of DocuSign Inc (NASDAQ: DOCU) has increased by 0.80 when compared to last closing price of 59.66.Despite this, the company has seen a gain of 2.65% in its stock price over the last five trading days. InvestorPlace reported 2024-04-05 that As investors, it can be very easy to get caught up in the moment or in the short term. You may see stocks going up hundreds of percent and feel like you missed out.
Is It Worth Investing in DocuSign Inc (NASDAQ: DOCU) Right Now?
DocuSign Inc (NASDAQ: DOCU) has a higher price-to-earnings ratio of 169.12x compared to its average ratio. DOCU has 36-month beta value of 0.87. Analysts have mixed views on the stock, with 3 analysts rating it as a “buy,” 2 as “overweight,” 3 as “hold,” and 0 as “sell.”
The public float for DOCU is 203.27M, and currently, short sellers hold a 3.49% ratio of that float. The average trading volume of DOCU on April 10, 2024 was 3.68M shares.
DOCU’s Market Performance
DOCU stock saw an increase of 2.65% in the past week, with a monthly gain of 7.45% and a quarterly increase of 8.05%. The volatility ratio for the week is 2.92%, and the volatility levels for the last 30 days are 2.99% for DocuSign Inc (DOCU). The simple moving average for the last 20 days is 2.50% for DOCU’s stock, with a simple moving average of 18.70% 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 7.91% 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 -7.13% of loss for the given period.
Volatility was left at 2.99%, however, over the last 30 days, the volatility rate increased by 2.92%, as shares surge +3.73% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -3.98% lower at present.
During the last 5 trading sessions, DOCU rose by +2.65%, which changed the moving average for the period of 200-days by +18.27% in comparison to the 20-day moving average, which settled at $58.78. In addition, DocuSign Inc saw 1.16% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at DOCU starting from Shaughnessy James P, who sale 9,000 shares at the price of $59.62 back on Apr 03 ’24. After this action, Shaughnessy James P now owns 37,503 shares of DocuSign Inc, valued at $536,580 using the latest closing price.
Shaughnessy James P, the Chief Legal Officer of DocuSign Inc, sale 1,800 shares at $57.50 during a trade that took place back on Apr 02 ’24, which means that Shaughnessy James P is holding 46,503 shares at $103,500 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 4.24. 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
To put it simply, DocuSign Inc (DOCU) has had a better performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others 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.
