The stock price of DocuSign Inc (NASDAQ: DOCU) has jumped by 0.55 compared to previous close of 57.74. Despite this, the company has seen a fall of -2.01% in its stock price over the last five trading days. MarketBeat reported 2024-04-16 that An optimist would say that’s not a rally to be sniffed at, and there are plenty of signs that it’s only getting started. A pessimist, however, would point out that shares are trading down more than 80% from their pandemic-inspired high in 2021 and are currently trading only marginally higher than where they IPO’d in 2018.
Is It Worth Investing in DocuSign Inc (NASDAQ: DOCU) Right Now?
DocuSign Inc (NASDAQ: DOCU) has a price-to-earnings ratio that is above its average at 163.27x. The stock has a 36-month beta value of 0.87. Opinions on the stock are mixed, with 3 analysts rating it as a “buy,” 2 as “overweight,” 3 as “hold,” and 0 as “sell.”
The public float for DOCU is 203.29M, and at present, short sellers hold a 4.12% of that float. On April 18, 2024, the average trading volume of DOCU was 3.29M shares.
DOCU’s Market Performance
DOCU stock saw a decrease of -2.01% in the past week, with a monthly decline of -0.10% and a quarterly a decrease of -5.82%. The volatility ratio for the week is 3.46%, and the volatility levels for the last 30 days are 2.88% for DocuSign Inc (DOCU). The simple moving average for the last 20 days is -1.38% for DOCU’s stock, with a simple moving average of 14.07% for the last 200 days.
Analysts’ Opinion of DOCU
Many brokerage firms have already submitted their reports for DOCU stocks, with UBS repeating the rating for DOCU by listing it as a “Neutral.” The predicted price for DOCU in the upcoming period, according to UBS is $62 based on the research report published on April 12, 2024 of the current year 2024.
Morgan Stanley, on the other hand, stated in their research note that they expect to see DOCU reach a price target of $64, previously predicting the price at $49. The rating they have provided for DOCU stocks is “Equal-Weight” according to the report published on January 16th, 2024.
DOCU Trading at 4.68% 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 -10.35% of loss for the given period.
Volatility was left at 2.88%, however, over the last 30 days, the volatility rate increased by 3.46%, as shares sank -1.51% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +9.11% upper at present.
During the last 5 trading sessions, DOCU fell by -2.01%, which changed the moving average for the period of 200-days by +13.64% in comparison to the 20-day moving average, which settled at $58.83. In addition, DocuSign Inc saw -2.34% 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 Solvik Peter, who sale 15,000 shares at the price of $60.00 back on Apr 09 ’24. After this action, Solvik Peter now owns 783 shares of DocuSign Inc, valued at $900,000 using the latest closing price.
Shaughnessy James P, the Chief Legal Officer of DocuSign Inc, sale 9,000 shares at $59.62 during a trade that took place back on Apr 03 ’24, which means that Shaughnessy James P is holding 37,503 shares at $536,580 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 4.08. 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 sum up, DocuSign Inc (DOCU) has seen a bad performance recently. Analysts have differing views on the stock, with some seeing 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.
