At the time of writing, DocuSign Inc [DOCU] stock is trading at $81.22, up 2.32%. An important factor to consider is whether the stock is rising or falling in short-term value. The DOCU shares have gain 16.28% over the last week, with a monthly amount glided 17.90%, and seem to be holding up well over a long-time horizon.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
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 $39.65 and $79.50. Currently, Wall Street analysts expect the stock to reach $68.93 within the next 12 months. DocuSign Inc [NASDAQ: DOCU] shares were valued at $81.22 at the most recent close of the market. An investor can expect a potential drop of -15.13% 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. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.07.
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 79.88 points at the first support level, and at 78.53 for the second support level. However, for the 1st resistance point, the stock is sitting at 82.07, and for the 2nd resistance point, it is at 82.91.
Ratios To Look Out For
It is important to note that DocuSign Inc [NASDAQ:DOCU] has a current ratio of 0.84. On the other hand, the Quick Ratio is 0.84, and the Cash Ratio is 0.39. Considering the valuation of this stock, the price to sales ratio is 5.99, the price to book ratio is 8.38 and price to earnings (TTM) ratio is 17.13.
Transactions by insiders
Recent insider trading involved Thygesen Allan C., President and CEO, that happened on Nov 01 ’24 when 7764.0 shares were sold. Officer, ALLAN THYGESEN completed a deal on Nov 01 ’24 to buy 7764.0 shares. Meanwhile, Chief Financial Officer GRAYSON BLAKE JEFFREY sold 9552.0 shares on Oct 15 ’24.
