DocuSign Inc [NASDAQ: DOCU] stock went on a downward path that fall over -6.27% on Tuesday, amounting to a one-week price increase of more than 19.14%.
Over the last 12 months, DOCU stock rose by 92.74%. The one-year DocuSign Inc stock forecast points to a potential downside of -1.18. The average equity rating for DOCU stock is currently 2.96, trading closer to a bullish pattern in the stock market.
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The market cap for the stock reached $19.36 billion, with 202.00 million shares outstanding and 199.98 million shares in the current float. Compared to the average trading volume of 3.70M shares, DOCU stock reached a trading volume of 6785897 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on 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 $94.73 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 2.96. 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.
HSBC Securities have made an estimate for DocuSign Inc shares, keeping their opinion on the stock as Reduce, with their previous recommendation back on December 06, 2024. While these analysts kept the previous recommendation, UBS raised their target price from $48 to $62. The new note on the price target was released on April 12, 2024, representing the official price target for DocuSign Inc stock. Previously, the target price had yet another raise from $49 to $64, while Morgan Stanley kept a Equal-Weight rating on DOCU stock.
The Average True Range (ATR) for DocuSign Inc is set at 4.29, with the Price to Sales ratio for DOCU stock in the period of the last 12 months amounting to 6.65. The Price to Book ratio for the last quarter was 9.73, with the Price to Cash per share for the same quarter was set at 4.66. Price to Free Cash Flow for DOCU in the course of the last twelve months was 21.77 with Quick ratio for the last quarter at 0.83.
DOCU Stock Performance Analysis:
DocuSign Inc [DOCU] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 19.14. With this latest performance, DOCU shares gained by 20.75% in over the last four-week period, additionally plugging by 84.08% over the last 6 months – not to mention a rise of 92.74% 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 64.63, with the RSI for the last a single of trading hit 63.36, and the three-weeks RSI is set at 65.32 for DocuSign Inc [DOCU]. The present Moving Average for the last 50 days of trading for this stock 75.77, while it was recorded at 94.55 for the last single week of trading, and 61.13 for the last 200 days.
Insight into DocuSign Inc Fundamentals:
DocuSign Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.83 and a Current Ratio set at 0.83.
DOCU Stock EPS
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 28.01%.
DocuSign Inc [DOCU] Institutonal Ownership Details
There are presently around $82.50%, or 83.34%% 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%.
