DocuSign Inc [NASDAQ: DOCU] traded at a low on Tuesday, posting a -1.53 loss after which it closed the day’ session at $70.68.
The results of the trading session contributed to over 4523047 shares changing hands. Over the past one week, the price volatility of DocuSign Inc stands at 2.67% while the volatility over the past one month is 2.70%.
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The market cap for DOCU stock reached $14.35 billion, with 205.33 million shares outstanding and 200.93 million shares in the current float. Compared to the average trading volume of 3.00M shares, DOCU reached a trading volume of 4523047 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 $64.14 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 1.87, with the Price to Sales ratio for DOCU stock in the period of the last 12 months amounting to 5.02. The Price to Book ratio for the last quarter was 7.29, 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 15.61 with Quick ratio for the last quarter at 0.84.
How has DOCU stock performed recently?
DocuSign Inc [DOCU] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 0.91. With this latest performance, DOCU shares gained by 20.10% in over the last four-week period, additionally plugging by 24.63% over the last 6 months – not to mention a rise of 75.52% 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 69.68, with the RSI for the last a single of trading hit 67.77, and the three-weeks RSI is set at 68.66 for DocuSign Inc [DOCU]. The present Moving Average for the last 50 days of trading for this stock 60.93, while it was recorded at 71.97 for the last single week of trading, and 57.24 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 0.84 and a Current Ratio set at 0.84.
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 9.33%.
Insider trade positions for DocuSign Inc [DOCU]
There are presently around $82.37%, or 83.21%% 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%.
