A share price of DocuSign Inc [DOCU] is currently trading at $52.10, up 2.06%. An important factor to consider is whether the stock is rising or falling in short-term value. The DOCU shares have lost -2.82% over the last week, with a monthly amount drifted -3.14%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
DocuSign Inc [NASDAQ: DOCU] stock has seen the most recent analyst activity on April 12, 2024, when UBS upgraded its rating to a Neutral and also boosted its price target to $62 from $48. Previously, Morgan Stanley upgraded its rating to Equal-Weight on January 16, 2024, and elevated its price target to $64. On December 20, 2023, downgrade downgraded it’s rating to Underweight. Daiwa Securities downgraded its rating to a Outperform but stick to its price target of $60 on December 15, 2023. HSBC Securities upgraded its rating to a Hold but $42 remained the price target by the analyst firm on September 27, 2023. HSBC Securities started tracking with a Reduce rating for this stock on September 15, 2023, and assigned it a price target of $42. In a note dated March 10, 2023, JP Morgan downgraded an Underweight rating on this stock and revised its target price from $58 to $48.
DocuSign Inc experienced fluctuations in its stock price throughout the past year between $38.11 and $64.76. Currently, Wall Street analysts expect the stock to reach $67.33 within the next 12 months. DocuSign Inc [NASDAQ: DOCU] shares were valued at $52.10 at the most recent close of the market. An investor can expect a potential return of 29.23% based on the average DOCU price forecast.
Analyzing the DOCU fundamentals
Trailing Twelve Months sales for DocuSign Inc [NASDAQ:DOCU] were 2.81B which represents 7.30% growth. Gross Profit Margin for this corporation currently stands at 0.79% with Operating Profit Margin at 0.03%, Pretax Profit Margin comes in at 0.04%, and Net Profit Margin reading is 0.04%. To continue investigating profitability, this company’s Return on Assets is posted at 0.04, Equity is 0.11 and Total Capital is 0.07. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.12.
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 51.19 points at the first support level, and at 50.29 for the second support level. However, for the 1st resistance point, the stock is sitting at 52.59, and for the 2nd resistance point, it is at 53.09.
Ratios To Look Out For
To put it in perspective, the Current Ratio for DocuSign Inc [NASDAQ:DOCU] is 0.93. On the other hand, the Quick Ratio is 0.93, and the Cash Ratio is 0.51. Considering the valuation of this stock, the price to sales ratio is 3.80, the price to book ratio is 9.38 and price to earnings (TTM) ratio is 101.42.
Transactions by insiders
Recent insider trading involved DANIEL SPRINGER, Director, that happened on Aug 05 ’24 when 70983.0 shares were purchased. Director, Springer Daniel D. completed a deal on Aug 05 ’24 to sell 70983.0 shares. Meanwhile, Director DANIEL SPRINGER bought 0.36 million shares on Aug 02 ’24.
