DocuSign Inc [NASDAQ: DOCU] slipped around -4.91 points on Monday, while shares priced at $53.21 at the close of the session, down -8.45%. The company report on December 7, 2023 at 4:05 PM that DocuSign Announces Third Quarter Fiscal 2024 Financial Results.
DocuSign, Inc. (NASDAQ: DOCU), which offers the world’s #1 e-signature product as part of its industry leading lineup, today announced results for its fiscal quarter ended October 31, 2023.
“DocuSign had a solid third quarter, delivering record non-GAAP operating margin and free cash flow,” said Allan Thygesen, CEO of DocuSign. “We are making progress on product innovation, go-to-market effectiveness, and operational efficiency as we build on our considerable scale and trusted market position and expand beyond e-signature into intelligent agreement management.”.
Compared to the average trading volume of 4.72M shares, DOCU reached a trading volume of 9974838 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 $60.21 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 2.73. 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.
Morgan Stanley have made an estimate for DocuSign Inc shares, keeping their opinion on the stock as Equal-Weight, with their previous recommendation back on January 16, 2024.
The Average True Range (ATR) for DocuSign Inc is set at 2.43, with the Price to Sales ratio for DOCU stock in the period of the last 12 months amounting to 4.01. The Price to Book ratio for the last quarter was 11.24, with the Price to Cash per share for the same quarter was set at 7.80. Price to Free Cash Flow for DOCU in the course of the last twelve months was 14.44 with Quick ratio for the last quarter at 0.93.
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 -16.01. With this latest performance, DOCU shares dropped by -3.20% in over the last four-week period, additionally plugging by 3.84% over the last 6 months – not to mention a drop of -21.55% 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 33.40, with the RSI for the last a single of trading hit 22.14, and the three-weeks RSI is set at 40.97 for DocuSign Inc [DOCU]. The present Moving Average for the last 50 days of trading for this stock 56.00, while it was recorded at 58.56 for the last single week of trading, and 50.13 for the last 200 days.
DocuSign Inc [DOCU]: Deeper insight into the fundamentals
DocuSign Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.93 and a Current Ratio set at 0.93.
Earnings analysis for DocuSign Inc [DOCU]
With the latest financial reports released by the company, DocuSign Inc posted 0.65/share EPS, while the average EPS was predicted by analysts to be reported at 0.52/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 25.00%. 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]
The top three institutional holders of DOCU stocks are: VANGUARD GROUP INC with ownership of 1.3 billion shares, which is approximately 8.2815%. BLACKROCK INC., holding 1.03 billion shares of the stock with an approximate value of $176.59 billion in DOCU stocks shares; and BERKSHIRE HATHAWAY INC, currently with $156.75 billion in DOCU stock with ownership which is approximately 5.8325%.
