DocuSign Inc. [DOCU] fell -71.66% so far this year. What now?

DocuSign Inc. [NASDAQ: DOCU] slipped around -4.73 points on Wednesday, while shares priced at $43.16 at the close of the session, down -9.88%. The company report on October 17, 2022 that DocuSign named a Leader in 2022 Gartner® Magic Quadrant™ for Contract Lifecycle Management.

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As contract lifecycle management (CLM) continues to play a vital role in the digital transformation of agreements, DocuSign (NASDAQ:DOCU) was today named a Leader in the 2022 Magic Quadrant for CLM report by Gartner, Inc.

DocuSign named a Leader in the 2022 Magic Quadrant for CLM for the third year in a row!.

DocuSign Inc. stock is now -71.66% down from its year-to-date (YTD) trading value. DOCU Stock saw the intraday high of $47.81 and lowest of $43.15 per share. The company’s 52-week high price is 288.14, which means current price is +2.44% above from all time high which was touched on 01/03/22.

Compared to the average trading volume of 4.74M shares, DOCU reached a trading volume of 5011444 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus say about DocuSign Inc. [DOCU]?

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for DOCU shares is $81.25 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on DOCU stock is a recommendation set at 3.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Wedbush have made an estimate for DocuSign Inc. shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on October 12, 2022. While these analysts kept the previous recommendation, Morgan Stanley dropped their target price from $73 to $47. The new note on the price target was released on October 03, 2022, representing the official price target for DocuSign Inc. stock. Previously, the target price had yet another raise to $58, while MoffettNathanson analysts kept a Underperform rating on DOCU stock.

The Average True Range (ATR) for DocuSign Inc. is set at 2.84, with the Price to Sales ratio for DOCU stock in the period of the last 12 months amounting to 3.67. The Price to Book ratio for the last quarter was 21.26, with the Price to Cash per share for the same quarter was set at 5.00. Price to Free Cash Flow for DOCU in the course of the last twelve months was 19.48 with Quick ratio for the last quarter at 1.00.

How has DOCU stock performed recently?

DocuSign Inc. [DOCU] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -11.90. With this latest performance, DOCU shares dropped by -22.76% in over the last four-week period, additionally sinking by -51.24% over the last 6 months – not to mention a drop of -84.69% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for DOCU stock in for the last two-week period is set at 34.10, with the RSI for the last a single of trading hit 29.65, and the three-weeks RSI is set at 36.53 for DocuSign Inc. [DOCU]. The present Moving Average for the last 50 days of trading for this stock 53.00, while it was recorded at 47.26 for the last single week of trading, and 78.57 for the last 200 days.

DocuSign Inc. [DOCU]: Deeper insight into the fundamentals

Operating Margin for any stock indicates how profitable investing would be, and DocuSign Inc. [DOCU] shares currently have an operating margin of -2.68 and a Gross Margin at +77.24. DocuSign Inc.’s Net Margin is presently recorded at -3.32.

Return on Equity for this stock declined to -23.28, with Return on Assets sitting at -2.87.

DocuSign Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.00 and a Current Ratio set at 1.00.

Earnings analysis for DocuSign Inc. [DOCU]

The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for DOCU. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for DocuSign Inc. go to 20.00%.

Insider trade positions for DocuSign Inc. [DOCU]

There are presently around $6,648 million, or 79.40% of DOCU stock, in the hands of institutional investors. The top three institutional holders of DOCU stocks are: VANGUARD GROUP INC with ownership of 18,273,597, which is approximately 5.574% of the company’s market cap and around 1.10% of the total institutional ownership; BLACKROCK INC., holding 11,291,594 shares of the stock with an approximate value of $487.35 million in DOCU stocks shares; and POLEN CAPITAL MANAGEMENT LLC, currently with $371.74 million in DOCU stock with ownership of nearly 55.142% of the company’s market capitalization.

Positions in DocuSign Inc. stocks held by institutional investors increased at the end of December and at the time of the December reporting period, where 351 institutional holders increased their position in DocuSign Inc. [NASDAQ:DOCU] by around 24,081,111 shares. Additionally, 453 investors decreased positions by around 23,505,722 shares, while 127 investors held positions by with 106,448,412 shares. The mentioned changes placed institutional holdings at 154,035,245 shares, according to the latest SEC report filing. DOCU stock had 76 new institutional investments in for a total of 1,488,190 shares, while 166 institutional investors sold positions of 6,913,755 shares during the same period.


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