At the time of writing, DocuSign Inc [DOCU] stock is trading at $71.78, down -0.72%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The DOCU shares have gain 4.24% over the last week, with a monthly amount glided 23.82%, and 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.
For the past year, the stock price of DocuSign Inc fluctuated between $38.11 and $73.80. Currently, Wall Street analysts expect the stock to reach $68.93 within the next 12 months. DocuSign Inc [NASDAQ: DOCU] shares were valued at $71.78 at the most recent close of the market. An investor can expect a potential drop of -3.97% based on the average DOCU price forecast.
Analyzing the DOCU fundamentals
According to DocuSign Inc [NASDAQ:DOCU], the company’s sales were 2.86B for trailing twelve months, which represents an 7.03% jump. Gross Profit Margin for this corporation currently stands at 0.79% with Operating Profit Margin at 0.05%, Pretax Profit Margin comes in at 0.06%, and Net Profit Margin reading is 0.35%. To continue investigating profitability, this company’s Return on Assets is posted at 0.26, Equity is 0.76 and Total Capital is 0.07. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.07.
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 71.21 points at the first support level, and at 70.64 for the second support level. However, for the 1st resistance point, the stock is sitting at 72.65, and for the 2nd resistance point, it is at 73.52.
Ratios To Look Out For
It is important to note that DocuSign Inc [NASDAQ:DOCU] has a current ratio of 0.84. Also, the Quick Ratio is 0.84, while the Cash Ratio stands at 0.39. Considering the valuation of this stock, the price to sales ratio is 5.10, the price to book ratio is 7.40 and price to earnings (TTM) ratio is 15.14.
Transactions by insiders
Recent insider trading involved GRAYSON BLAKE JEFFREY, Chief Financial Officer, that happened on Oct 15 ’24 when 9552.0 shares were sold. Officer, BLAKE J GRAYSON completed a deal on Oct 15 ’24 to buy 9552.0 shares. Meanwhile, Chief Legal Officer Shaughnessy James P sold 7500.0 shares on Oct 09 ’24.
