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The closing price of DocuSign Inc (NASDAQ: DOCU) was $62.98 for the day, up 1.04% from the previous closing price of $62.33. In other words, the price has increased by $1.04 from its previous closing price. On the day, 2.21 million shares were traded. DOCU stock price reached its highest trading level at $63.03 during the session, while it also had its lowest trading level at $61.91.
Ratios:
Our analysis of DOCU’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 13.62 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 13.91. For the most recent quarter (mrq), Quick Ratio is recorded 0.84 and its Current Ratio is at 0.84. In the meantime, Its Debt-to-Equity ratio is 0.07 whereas as Long-Term Debt/Eq ratio is at 0.06.
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:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Oct 01 ’24 when Thygesen Allan C. sold 7,648 shares for $62.47 per share. The transaction valued at 477,746 led to the insider holds 115,589 shares of the business.
ALLAN THYGESEN bought 7,648 shares of DOCU for $477,772 on Oct 01 ’24. On Sep 18 ’24, another insider, Chatwani Robert, who serves as the President General Mgr, Growth of the company, sold 14,799 shares for $55.46 each. As a result, the insider received 820,753 and left with 70,748 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 12783239168 and an Enterprise Value of 11978831872. As of this moment, DocuSign’s Price-to-Earnings (P/E) ratio for their current fiscal year is 13.28, and their Forward P/E ratio for the next fiscal year is 17.05. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.66. For the stock, the TTM Price-to-Sale (P/S) ratio is 4.47 while its Price-to-Book (P/B) ratio in mrq is 6.50. Its current Enterprise Value per Revenue stands at 4.191 whereas that against EBITDA is 62.793.
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 11.32%, while the 200-Day Moving Average is calculated to be 11.32%.
Shares Statistics:
DOCU traded an average of 2.08M shares per day over the past three months and 2631160 shares per day over the past ten days. A total of 205.33M shares are outstanding, with a floating share count of 200.83M. Insiders hold about 1.06% of the company’s shares, while institutions hold 80.42% stake in the company. Shares short for DOCU as of 1726185600 were 8266169 with a Short Ratio of 3.97, compared to 1723680000 on 8661516. Therefore, it implies a Short% of Shares Outstanding of 8266169 and a Short% of Float of 4.6.
