DocuSign Inc [NASDAQ: DOCU] gained 3.22% or 1.89 points to close at $60.55 with a heavy trading volume of 3087570 shares.
The daily chart for DOCU points out that the company has recorded 4.40% gains over the past six months.
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
If we look at the average trading volume of 2.05M shares, DOCU reached to a volume of 3087570 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying 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 $64.20 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 2.86. 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.
UBS have made an estimate for DocuSign Inc shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on April 12, 2024. While these analysts kept the previous recommendation, Morgan Stanley raised their target price from $49 to $64. The new note on the price target was released on January 16, 2024, representing the official price target for DocuSign Inc stock.
The Average True Range (ATR) for DocuSign Inc is set at 1.65, with the Price to Sales ratio for DOCU stock in the period of the last 12 months amounting to 4.30. The Price to Book ratio for the last quarter was 6.25, with the Price to Cash per share for the same quarter was set at 4.62. Price to Free Cash Flow for DOCU in the course of the last twelve months was 13.37 with Quick ratio for the last quarter at 0.84.
Trading performance analysis for DOCU stock
DocuSign Inc [DOCU] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 6.90. With this latest performance, DOCU shares gained by 3.12% in over the last four-week period, additionally plugging by 4.40% over the last 6 months – not to mention a rise of 45.90% 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 64.25, with the RSI for the last a single of trading hit 69.88, and the three-weeks RSI is set at 60.99 for DocuSign Inc [DOCU]. The present Moving Average for the last 50 days of trading for this stock 55.96, while it was recorded at 58.79 for the last single week of trading, and 56.38 for the last 200 days.
DocuSign Inc [DOCU]: A deeper dive into fundamental analysis
DocuSign Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.84 and a Current Ratio set at 0.84.
DocuSign Inc [DOCU]: An earnings per share (EPS) analysis
With the latest financial reports released by the company, DocuSign Inc posted 0.79/share EPS, while the average EPS was predicted by analysts to be reported at 0.63/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 0.16. 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%.
An analysis of Institutional ownership at DocuSign Inc [DOCU]
There are presently around $80.86%, or 81.68%% of DOCU stock, in the hands of institutional investors. The top three institutional holders of DOCU stocks are: VANGUARD GROUP INC with ownership of 21.59 million shares, which is approximately 10.4896%. BLACKROCK INC., holding 14.59 million shares of the stock with an approximate value of $$780.63 million in DOCU stocks shares; and BLACKROCK INC., currently with $$280.99 million in DOCU stock with ownership which is approximately 2.5512%.
