After finishing at $59.25 in the prior trading day, DocuSign Inc (NASDAQ: DOCU) closed at $59.48, up 0.39%. In other words, the price has increased by $+0.23 from its previous closing price. On the day, 1122684 shares were traded.
Ratios:
Our goal is to gain a better understanding of DOCU by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 11.67 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 13.77. For the most recent quarter (mrq), Quick Ratio is recorded 0.92 and its Current Ratio is at 0.92. In the meantime, Its Debt-to-Equity ratio is 0.13 whereas as Long-Term Debt/Eq ratio is at 0.11.
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, Morgan Stanley on January 16, 2024, Upgraded its rating to Equal-Weight and sets its target price to $64 from $49 previously.
Daiwa Securities Downgraded its Buy to Outperform on December 15, 2023, while the target price for the stock was maintained at $60.
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 Apr 09 ’24 when Solvik Peter sold 15,000 shares for $60.00 per share. The transaction valued at 900,000 led to the insider holds 783 shares of the business.
Shaughnessy James P sold 9,000 shares of DOCU for $536,580 on Apr 03 ’24. The Chief Legal Officer now owns 37,503 shares after completing the transaction at $59.62 per share. On Apr 02 ’24, another insider, Shaughnessy James P, who serves as the Chief Legal Officer of the company, sold 1,800 shares for $57.50 each. As a result, the insider received 103,500 and left with 46,503 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 12.22B and an Enterprise Value of 11.32B. As of this moment, DocuSign’s Price-to-Earnings (P/E) ratio for their current fiscal year is 167.27, and their Forward P/E ratio for the next fiscal year is 16.94. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 8.36. For the stock, the TTM Price-to-Sale (P/S) ratio is 4.42 while its Price-to-Book (P/B) ratio in mrq is 10.81. Its current Enterprise Value per Revenue stands at 4.10 whereas that against EBITDA is 57.86.
Stock Price History:
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 55.56, while the 200-Day Moving Average is calculated to be 50.80.
Shares Statistics:
The stock has traded on average 3.67M shares per day over the past 3-months and 1.57M shares per day over the last 10 days, according to various share statistics. A total of 205.33M shares are outstanding, with a floating share count of 203.29M. Insiders hold about 1.04% of the company’s shares, while institutions hold 78.04% stake in the company. Shares short for DOCU as of Mar 15, 2024 were 7.1M with a Short Ratio of 2.29, compared to 4.73M on Feb 15, 2024. Therefore, it implies a Short% of Shares Outstanding of 3.46% and a Short% of Float of 4.15%.
Earnings Estimates
Its stock is currently analyzed by 18 different market analysts. On average, analysts expect EPS of $0.79 for the current quarter, with a high estimate of $0.84 and a low estimate of $0.73, while EPS last year was $0.72. The consensus estimate for the next quarter is $0.8, with high estimates of $0.87 and low estimates of $0.72.
Analysts are recommending an EPS of between $3.52 and $2.98 for the fiscal current year, implying an average EPS of $3.24. EPS for the following year is $3.51, with 22 analysts recommending between $4 and $3.2.
Revenue Estimates
A total of 22 analysts have provided revenue estimates for DOCU’s current fiscal year. The highest revenue estimate was $2.98B, while the lowest revenue estimate was $2.92B, resulting in an average revenue estimate of $2.93B. In the same quarter a year ago, actual revenue was $2.76B, up 5.90% from the average estimate. Based on 21 analysts’ estimates, the company’s revenue will be $3.11B in the next fiscal year. The high estimate is $3.18B and the low estimate is $3.03B. The average revenue growth estimate for next year is up 6.40% from the average revenue estimate for this year.
