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After finishing at $56.49 in the prior trading day, DocuSign Inc (NASDAQ: DOCU) closed at $56.63, up 0.25%. In other words, the price has increased by $0.25 from its previous closing price. On the day, 2.14 million shares were traded. DOCU stock price reached its highest trading level at $57.15 during the session, while it also had its lowest trading level at $56.135.
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 12.25 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 12.51. 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:
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 Sep 10 ’24 when Shute Stephen bought 91,725 shares for $56.45 per share.
Thygesen Allan C. sold 7,725 shares of DOCU for $456,470 on Sep 03 ’24. The President and CEO now owns 102,193 shares after completing the transaction at $59.09 per share. On Sep 03 ’24, another insider, ALLAN THYGESEN, who serves as the Officer of the company, bought 7,725 shares for $59.09 each.
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 11494361088 and an Enterprise Value of 10690120704. As of this moment, DocuSign’s Price-to-Earnings (P/E) ratio for their current fiscal year is 11.94, and their Forward P/E ratio for the next fiscal year is 15.33. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.60. For the stock, the TTM Price-to-Sale (P/S) ratio is 4.02 while its Price-to-Book (P/B) ratio in mrq is 5.84. Its current Enterprise Value per Revenue stands at 3.74 whereas that against EBITDA is 56.038.
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 2.17%, while the 200-Day Moving Average is calculated to be 1.47%.
Shares Statistics:
The stock has traded on average 2.12M shares per day over the past 3-months and 3505980 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 200.97M. Insiders hold about 0.99% of the company’s shares, while institutions hold 80.46% stake in the company. Shares short for DOCU as of 1724976000 were 8552264 with a Short Ratio of 4.04, compared to 1722384000 on 8972723. Therefore, it implies a Short% of Shares Outstanding of 8552264 and a Short% of Float of 4.760000000000001.
