The price-to-earnings ratio for DocuSign Inc (NASDAQ: DOCU) is above average at 107.34x, Company’s 36-month beta value is 0.94.Analysts have differing opinions 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 202.48M, and currently, short sellers hold a 4.27% ratio of that floaft. The average trading volume of DOCU on July 02, 2024 was 2.19M shares.
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DOCU) stock’s latest price update
DocuSign Inc (NASDAQ: DOCU) has seen a rise in its stock price by 3.07 in relation to its previous close of 53.50. However, the company has experienced a 6.67% gain in its stock price over the last five trading sessions. seekingalpha.com reported 2024-06-29 that DOCU remains laser focused on generating new growth opportunities, recently through the Lexion acquisition and new Intelligent Agreement Management [IAM] platform announced in April 2024. With intensified partnerships and strategic use of AI, the SaaS company aims to launch new AI-powered SaaS segments while catering to different target audiences. Perhaps this is why DOCU feels confident enough to raise its FY2025 guidance, as its Dollar Net Retention rate improves and Remaining Performance Obligation stabilizes.
DOCU’s Market Performance
DOCU’s stock has risen by 6.67% in the past week, with a monthly rise of 0.82% and a quarterly drop of -5.31%. The volatility ratio for the week is 2.26% while the volatility levels for the last 30 days are 3.01% for DocuSign Inc The simple moving average for the last 20 days is 5.44% for DOCU stock, with a simple moving average of 5.60% 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 -1.10% 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 -14.85% of loss for the given period.
Volatility was left at 3.01%, however, over the last 30 days, the volatility rate increased by 2.26%, as shares surge +0.73% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -3.33% lower at present.
During the last 5 trading sessions, DOCU rose by +6.67%, which changed the moving average for the period of 200-days by +21.24% in comparison to the 20-day moving average, which settled at $52.32. In addition, DocuSign Inc saw -7.25% 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 3.77. 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
In a nutshell, DocuSign Inc (DOCU) has experienced a mixed performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. 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.
