The stock of DocuSign Inc (DOCU) has seen a 3.02% increase in the past week, with a -2.26% drop in the past month, and a 11.77% flourish in the past quarter. The volatility ratio for the week is 3.21%, and the volatility levels for the past 30 days are at 2.73% for DOCU. The simple moving average for the past 20 days is 0.84% for DOCU’s stock, with a 13.69% simple moving average for the past 200 days.
Is It Worth Investing in DocuSign Inc (NASDAQ: DOCU) Right Now?
DocuSign Inc (NASDAQ: DOCU) has a price-to-earnings ratio of 163.98x that is above its average ratio. Additionally, the 36-month beta value for DOCU is 0.90. 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 203.28M and currently, short sellers hold a 4.11% ratio of that float. The average trading volume of DOCU on May 08, 2024 was 2.57M shares.
DOCU) stock’s latest price update
DocuSign Inc (NASDAQ: DOCU)’s stock price has decreased by -2.00 compared to its previous closing price of 59.50. However, the company has seen a 3.02% increase in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-05-06 that The latest trading day saw DocuSign (DOCU) settling at $59.50, representing a -0.5% change from its previous close.
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 1.88% 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 -9.96% of loss for the given period.
Volatility was left at 2.73%, however, over the last 30 days, the volatility rate increased by 3.21%, as shares sank -3.04% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +12.57% upper at present.
During the last 5 trading sessions, DOCU rose by +3.02%, which changed the moving average for the period of 200-days by +12.01% in comparison to the 20-day moving average, which settled at $57.73. In addition, DocuSign Inc saw -1.92% 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 Thygesen Allan C., who sale 8,086 shares at the price of $56.16 back on May 01 ’24. After this action, Thygesen Allan C. now owns 99,546 shares of DocuSign Inc, valued at $454,110 using the latest closing price.
Solvik Peter, the Director of DocuSign Inc, sale 15,000 shares at $60.00 during a trade that took place back on Apr 09 ’24, which means that Solvik Peter is holding 783 shares at $900,000 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 4.1. 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.
