The stock of DocuSign Inc (NASDAQ: DOCU) has decreased by -0.72 when compared to last closing price of 72.30. Despite this, the company has experienced a 4.24% gain in its stock price over the last five trading sessions. zacks.com reported 2024-10-17 that DocuSign (DOCU) closed at $72.50 in the latest trading session, marking a -0.14% move from the prior day.
Is It Worth Investing in DocuSign Inc (NASDAQ: DOCU) Right Now?
DocuSign Inc (NASDAQ: DOCU) has a price-to-earnings ratio of 15.14x that is above its average ratio. Additionally, the 36-month beta value for DOCU is 0.92. 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.”
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The public float for DOCU is 200.93M and currently, short sellers hold a 4.70% ratio of that float. The average trading volume of DOCU on October 22, 2024 was 2.98M shares.
DOCU’s Market Performance
DOCU stock saw an increase of 4.24% in the past week, with a monthly gain of 23.82% and a quarterly increase of 27.93%. The volatility ratio for the week is 2.52%, and the volatility levels for the last 30 days are 2.62% for DocuSign Inc (DOCU). The simple moving average for the past 20 days is 8.66% for DOCU’s stock, with a 25.57% simple moving average for the past 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 18.53% 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 -2.74% of loss for the given period.
Volatility was left at 2.62%, however, over the last 30 days, the volatility rate increased by 2.52%, as shares surge +21.97% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +36.67% upper at present.
During the last 5 trading sessions, DOCU rose by +4.24%, which changed the moving average for the period of 200-days by +30.58% in comparison to the 20-day moving average, which settled at $66.06. In addition, DocuSign Inc saw 20.74% 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 GRAYSON BLAKE JEFFREY, who sale 9,552 shares at the price of $68.80 back on Oct 15 ’24. After this action, GRAYSON BLAKE JEFFREY now owns 78,265 shares of DocuSign Inc, valued at $657,193 using the latest closing price.
BLAKE J GRAYSON, the Officer of DocuSign Inc, proposed sale 9,552 shares at $68.81 during a trade that took place back on Oct 15 ’24, which means that BLAKE J GRAYSON is holding shares at $657,233 based on the most recent closing price.
Stock Fundamentals for DOCU
Current profitability levels for the company are sitting at:
- 0.05 for the present operating margin
- 0.79 for the gross margin
The net margin for DocuSign Inc stands at 0.35. The total capital return value is set at 0.07. Equity return is now at value 70.34, with 28.14 for asset returns.
Based on DocuSign Inc (DOCU), the company’s capital structure generated 0.06 points at debt to capital in total, while cash flow to debt ratio is standing at 7.63. The debt to equity ratio resting at 0.07. The interest coverage ratio of the stock is 35.18.
Currently, EBITDA for the company is 225.97 million with net debt to EBITDA at -1.74. When we switch over and look at the enterprise to sales, we see a ratio of 4.93. The receivables turnover for the company is 8.84for trailing twelve months and the total asset turnover is 0.76. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.84.
Conclusion
In conclusion, DocuSign Inc (DOCU) has seen better 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.
