The stock of DocuSign Inc (DOCU) has seen a 1.26% increase in the past week, with a -9.85% drop in the past month, and a -11.86% decrease in the past quarter. The volatility ratio for the week is 2.80%, and the volatility levels for the past 30 days are at 3.24% for DOCU. The simple moving average for the past 20 days is -2.91% for DOCU’s stock, with a -0.91% 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 that is above its average at 100.59x. The stock has a 36-month beta value of 0.94. Opinions on the stock are mixed, with 3 analysts rating it as a “buy,” 2 as “overweight,” 3 as “hold,” and 0 as “sell.”
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The public float for DOCU is 202.42M, and at present, short sellers hold a 2.99% of that float. On June 25, 2024, the average trading volume of DOCU was 2.15M shares.
DOCU) stock’s latest price update
The stock of DocuSign Inc (NASDAQ: DOCU) has decreased by -0.03 when compared to last closing price of 51.69.Despite this, the company has seen a gain of 1.26% in its stock price over the last five trading days. zacks.com reported 2024-06-24 that Wondering how to pick strong, market-beating stocks for your investment portfolio? Look no further than the Zacks Style Scores.
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 -8.04% 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 -20.21% of loss for the given period.
Volatility was left at 3.24%, however, over the last 30 days, the volatility rate increased by 2.80%, as shares sank -9.24% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -12.28% lower at present.
During the last 5 trading sessions, DOCU rose by +1.25%, which changed the moving average for the period of 200-days by -0.88% in comparison to the 20-day moving average, which settled at $52.96. In addition, DocuSign Inc saw -13.08% 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 Chatwani Robert, who sale 14,799 shares at the price of $52.17 back on Jun 24 ’24. After this action, Chatwani Robert now owns 68,083 shares of DocuSign Inc, valued at $772,064 using the latest closing price.
GRAYSON BLAKE JEFFREY, the Chief Financial Officer of DocuSign Inc, sale 49,123 shares at $51.15 during a trade that took place back on Jun 20 ’24, which means that GRAYSON BLAKE JEFFREY is holding 70,473 shares at $2,512,847 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 0.04. The total capital return value is set at 0.07. Equity return is now at value 11.37, with 3.54 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 7.41. The debt to equity ratio resting at 0.12. The interest coverage ratio of the stock is 17.53.
Currently, EBITDA for the company is 225.97 million with net debt to EBITDA at -2.82. When we switch over and look at the enterprise to sales, we see a ratio of 3.52. The receivables turnover for the company is 8.82for trailing twelve months and the total asset turnover is 0.96. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.93.
Conclusion
To sum up, DocuSign Inc (DOCU) has seen a mixed performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” 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.
