Closing Bell Recap: DocuSign Inc (DOCU) Ends at 51.91, Reflecting a -3.57 Downturn

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DocuSign Inc (NASDAQ: DOCU) closed the day trading at $51.91 down -3.57% from the previous closing price of $53.83. In other words, the price has decreased by -$3.57 from its previous closing price. On the day, 2.14 million shares were traded. DOCU stock price reached its highest trading level at $53.73 during the session, while it also had its lowest trading level at $51.88.

Ratios:

For a better understanding of DOCU, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 9.73 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 11.75. For the most recent quarter (mrq), Quick Ratio is recorded 0.93 and its Current Ratio is at 0.93. In the meantime, Its Debt-to-Equity ratio is 0.12 whereas as Long-Term Debt/Eq ratio is at 0.10.

Upgrades & Downgrades

In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, UBS on April 12, 2024, Upgraded its rating to Neutral and sets its target price to $62 from $48 previously.

On January 16, 2024, Morgan Stanley Upgraded its rating to Equal-Weight which previously was Underweight and also upped its target price recommendation from $49 to $64.

Insider Transactions:

The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Jul 09 ’24 when Shute Stephen sold 35,300 shares for $52.87 per share. The transaction valued at 1,866,297 led to the insider holds 0 shares of the business.

Thygesen Allan C. sold 7,911 shares of DOCU for $425,374 on Jul 01 ’24. The President and CEO now owns 117,643 shares after completing the transaction at $53.77 per share. On Jun 24 ’24, another insider, Chatwani Robert, who serves as the President General Mgr, Growth of the company, sold 14,799 shares for $52.17 each. As a result, the insider received 772,064 and left with 68,083 shares of the company.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, DOCU now has a Market Capitalization of 11019870208 and an Enterprise Value of 9677057024. As of this moment, DocuSign’s Price-to-Earnings (P/E) ratio for their current fiscal year is 101.05, and their Forward P/E ratio for the next fiscal year is 14.80. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 5.05. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.78 while its Price-to-Book (P/B) ratio in mrq is 9.35. Its current Enterprise Value per Revenue stands at 3.444 whereas that against EBITDA is 65.992.

Stock Price History:

The Beta on a monthly basis for DOCU is 0.94, which has changed by 0.0021235943 over the last 52 weeks, in comparison to a change of 0.24704397 over the same period for the S&P500. Over the past 52 weeks, DOCU has reached a high of $64.76, while it has fallen to a 52-week low of $38.11. The 50-Day Moving Average of the stock is -6.53%, while the 200-Day Moving Average is calculated to be -1.06%.

Shares Statistics:

Over the past 3-months, DOCU traded about 2.22M shares per day on average, while over the past 10 days, DOCU traded about 2177150 shares per day. A total of 205.33M shares are outstanding, with a floating share count of 202.49M. Insiders hold about 1.09% of the company’s shares, while institutions hold 79.79% stake in the company. Shares short for DOCU as of 1718323200 were 8640592 with a Short Ratio of 3.89, compared to 1715731200 on 8627200. Therefore, it implies a Short% of Shares Outstanding of 8640592 and a Short% of Float of 4.77.

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