At the time of writing, DocuSign Inc [DOCU] stock is trading at $51.80, up 0.14%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The DOCU shares have gain 3.15% over the last week, with a monthly amount drifted -17.08%, and not seem to be holding up well over a long-time horizon.
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On 15, February 2024, DocuSign Announces Timing of Fourth Quarter and Full Year Fiscal 2024 Earnings Conference Call. In a post published today on Yahoo Finance, DocuSign (Nasdaq: DOCU) today announced that its fourth quarter and full year fiscal 2024 results will be released on Thursday, March 7, 2024, after the close of the market. The company will host a conference call at 2:00 p.m. Pacific Standard Time (5:00 p.m. Eastern Standard Time) to discuss its financial results. A live webcast of the event will be available on the DocuSign Investor Relations website at investor.docusign.com. A live dial-in will be available domestically at 877-407-0784 or internationally at 201-689-8560. A replay will be available domestically at 844-512-2921 or internationally at 412-317-6671 until midnight (EST) March 21, 2024 using the passcode 13743590.
From an analyst’s perspective:
DocuSign Inc [NASDAQ: DOCU] stock has seen the most recent analyst activity on January 16, 2024, when Morgan Stanley upgraded its rating to a Equal-Weight and also boosted its price target to $64 from $49. Previously, Wells Fargo downgraded its rating to Underweight on December 20, 2023. On December 15, 2023, downgrade downgraded it’s rating to Outperform but maintained its price target of $60 on the stock. HSBC Securities upgraded its rating to a Hold but stick to its price target of $42 on September 27, 2023. HSBC Securities initiated its recommendation with a Reduce and recommended $42 as its price target on September 15, 2023. JP Morgan downgraded its rating to Underweight for this stock on March 10, 2023, and downed its price target to $48. In a note dated February 23, 2023, Wolfe Research upgraded an Peer Perform rating on this stock.
For the past year, the stock price of DocuSign Inc fluctuated between $38.11 and $66.98. Currently, Wall Street analysts expect the stock to reach $70.93 within the next 12 months. DocuSign Inc [NASDAQ: DOCU] shares were valued at $51.80 at the most recent close of the market. An investor can expect a potential return of 36.93% based on the average DOCU price forecast.
Analyzing the DOCU fundamentals
According to DocuSign Inc [NASDAQ:DOCU], the company’s sales were 2.71B for trailing twelve months, which represents an 8.51% jump. Gross Profit Margin for this corporation currently stands at -0.03% with Operating Profit Margin at -0.22%, Pretax Profit Margin comes in at -0.24%, and Net Profit Margin reading is -0.51%. To continue investigating profitability, this company’s Return on Assets is posted at -1.53, Equity is -2.61 and Total Capital is -22.65. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at -6.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 51.18 points at the first support level, and at 50.55 for the second support level. However, for the 1st resistance point, the stock is sitting at 52.79, and for the 2nd resistance point, it is at 53.77.
DocuSign Inc [DOCU] reported earnings per share of $0.79 for its fiscal quarter that ended on 10/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.63/share, meaning a difference of $0.16 and a surprise factor of 25.40%. By comparison, the stated earnings for the previous quarter ended on 7/30/2023 were $0.72 per share as compared to estimates of $0.66 per share, a difference of $0.06 representing a surprise of 9.10%.
Ratios To Look Out For
It is important to note that DocuSign Inc [NASDAQ:DOCU] has a current ratio of 0.93. As well, the Quick Ratio is 0.93, while the Cash Ratio is 0.05. Considering the valuation of this stock, the price to sales ratio is 3.90, the price to book ratio is 10.95 and price to earnings (TTM) ratio is 207.45.
Transactions by insiders
Recent insider trading involved Thygesen Allan C., President and CEO, that happened on Feb 01 when 7680.0 shares were sold. President and CEO, Thygesen Allan C. completed a deal on Jan 02 to sell 7420.0 shares. Meanwhile, President and CEO Thygesen Allan C. sold 92750.0 shares on Dec 19.
