Investors aiming for above-average returns often turn to the practice of stock picking. Skillful choices in individual stocks can be a catalyst for substantial wealth growth.
As of close of business last night, DocuSign Inc’s stock clocked out at $56.71, up 1.56% from its previous closing price of $55.84. In other words, the price has increased by $1.56 from its previous closing price. On the day, 1.57 million shares were traded. DOCU stock price reached its highest trading level at $57.44 during the session, while it also had its lowest trading level at $55.738.
Ratios:
To gain a deeper understanding of DOCU’s stock, we examine its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 11.13 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 13.13. 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, 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:
Investing in insider trades can also provide an investor with insight into how management views future stock prices. 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 11611202560 and an Enterprise Value of 10566966272. As of this moment, DocuSign’s Price-to-Earnings (P/E) ratio for their current fiscal year is 159.48, and their Forward P/E ratio for the next fiscal year is 16.13. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 7.97. For the stock, the TTM Price-to-Sale (P/S) ratio is 4.22 while its Price-to-Book (P/B) ratio in mrq is 10.31. Its current Enterprise Value per Revenue stands at 3.826 whereas that against EBITDA is 86.122.
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 1.55%, while the 200-Day Moving Average is calculated to be 11.16%.
Shares Statistics:
It appears that DOCU traded 3.16M shares on average per day over the past three months and 1594760 shares per day over the past ten days. A total of 205.33M shares are outstanding, with a floating share count of 203.30M. Insiders hold about 1.03% of the company’s shares, while institutions hold 78.00% stake in the company. Shares short for DOCU as of 1711584000 were 8382252 with a Short Ratio of 2.65, compared to 1709164800 on 5434215. Therefore, it implies a Short% of Shares Outstanding of 8382252 and a Short% of Float of 4.9000002.
Earnings Estimates
The stock of DocuSign Inc (DOCU) is currently drawing attention from 18.0 analysts actively involved in the ongoing evaluation and rating process.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 22.0 analysts recommending between $4.0 and $3.2.
Revenue Estimates
For the next quarter, 17 analysts are estimating revenue of $727.03M. There is a high estimate of $744.96M for the next quarter, whereas the lowest estimate is $719.1M.
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 $2.76BBased 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.
