DocuSign Inc (DOCU) Shares Plummet Below 1-Year High

DocuSign Inc (NASDAQ: DOCU)’s stock price has dropped by -0.89 in relation to previous closing price of 79.52. Nevertheless, the company has seen a loss of -3.67% in its stock price over the last five trading days. prnewswire.com reported 2024-11-20 that World’s First Developer Event Focused on Agreements Showcases Next-Generation Innovation SAN FRANCISCO , Nov. 20, 2024 /PRNewswire/ — Today, Docusign [NASDAQ: DOCU] hosted its inaugural Docusign Discover event, unveiling Docusign for Developers, a powerful suite of tools and resources designed for developers, partners, and entrepreneurs to revolutionize agreement management. This launch makes it possible for businesses to integrate, extend, and scale solutions on the Docusign Intelligent Agreement Management (IAM) platform, unlocking the full potential of agreements through seamless workflows, advanced insights, and a thriving ecosystem.

Is It Worth Investing in DocuSign Inc (NASDAQ: DOCU) Right Now?

The price-to-earnings ratio for DocuSign Inc (NASDAQ: DOCU) is 16.62x, which is above its average ratio. Moreover, the 36-month beta value for DOCU is 0.91. Analysts have varying opinions on the stock, with 3 analysts rating it as a “buy,” 2 as “overweight,” 16 as “hold,” and 1 as “sell.”

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The public float for DOCU is 200.92M and currently, short sellers hold a 7.14% of that float. On November 21, 2024, DOCU’s average trading volume was 3.29M shares.

DOCU’s Market Performance

The stock of DocuSign Inc (DOCU) has seen a -3.67% decrease in the past week, with a 11.50% rise in the past month, and a 38.99% gain in the past quarter. The volatility ratio for the week is 3.01%, and the volatility levels for the past 30 days are at 2.76% for DOCU. The simple moving average for the last 20 days is 4.81% for DOCU’s stock, with a simple moving average of 34.02% 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 15.11% 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 -5.82% of loss for the given period.

Volatility was left at 2.76%, however, over the last 30 days, the volatility rate increased by 3.01%, as shares surge +11.69% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +42.49% upper at present.

During the last 5 trading sessions, DOCU fell by -3.67%, which changed the moving average for the period of 200-days by +51.06% in comparison to the 20-day moving average, which settled at $75.19. In addition, DocuSign Inc saw 32.57% 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 Thygesen Allan C., who sale 7,764 shares at the price of $69.95 back on Nov 01 ’24. After this action, Thygesen Allan C. now owns 107,825 shares of DocuSign Inc, valued at $543,092 using the latest closing price.

ALLAN THYGESEN, the Officer of DocuSign Inc, proposed sale 7,764 shares at $69.95 during a trade that took place back on Nov 01 ’24, which means that ALLAN THYGESEN is holding shares at $543,117 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 0.06. 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 0.01 points at debt to capital in total, while cash flow to debt ratio is standing at 52.36. The debt to equity ratio resting at 0.01. The interest coverage ratio of the stock is 35.03.

Currently, EBITDA for the company is 195.59 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 5.43. 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

To wrap up, the performance of DocuSign Inc (DOCU) has been better in recent times. The stock has received a bullish of “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.

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