After finishing at $58.54 in the prior trading day, DocuSign Inc (NASDAQ: DOCU) closed at $58.70, up 0.27%. In other words, the price has increased by $+0.16 from its previous closing price. On the day, 1912477 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 11.45 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 13.12. For the most recent quarter (mrq), Quick Ratio is recorded 0.93 and its Current Ratio is at 0.94. 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 Mar 19 ’24 when Shute Stephen sold 15,109 shares for $57.02 per share. The transaction valued at 861,560 led to the insider holds 8,959 shares of the business.
GRAYSON BLAKE JEFFREY sold 7,018 shares of DOCU for $400,237 on Mar 19 ’24. The Chief Financial Officer now owns 21,051 shares after completing the transaction at $57.03 per share. On Mar 01 ’24, another insider, Thygesen Allan C., who serves as the President and CEO of the company, sold 7,765 shares for $53.31 each. As a result, the insider received 413,952 and left with 104,002 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 11.97B and an Enterprise Value of 11.21B. As of this moment, DocuSign’s Price-to-Earnings (P/E) ratio for their current fiscal year is 163.92, and their Forward P/E ratio for the next fiscal year is 16.72. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 8.20. For the stock, the TTM Price-to-Sale (P/S) ratio is 4.33 while its Price-to-Book (P/B) ratio in mrq is 12.40. Its current Enterprise Value per Revenue stands at 4.14 whereas that against EBITDA is 67.14.
Stock Price History:
The Beta on a monthly basis for DOCU is 0.88, which has changed by 3.67% over the last 52 weeks, in comparison to a change of 32.00% 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 56.33, while the 200-Day Moving Average is calculated to be 50.46.
Shares Statistics:
The stock has traded on average 3.89M shares per day over the past 3-months and 4.86M shares per day over the last 10 days, according to various share statistics. A total of 201.90M shares are outstanding, with a floating share count of 201.87M. Insiders hold about 1.01% of the company’s shares, while institutions hold 78.88% stake in the company. Shares short for DOCU as of Feb 29, 2024 were 5.43M with a Short Ratio of 1.40, compared to 5.1M on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 2.66% and a Short% of Float of 3.20%.
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 $3.23. EPS for the following year is $3.5, with 21 analysts recommending between $4 and $3.2.
Revenue Estimates
A total of 20 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 19 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.
