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After finishing at $56.90 in the prior trading day, DocuSign Inc (NASDAQ: DOCU) closed at $56.18, down -1.27%. In other words, the price has decreased by -$1.27 from its previous closing price. On the day, 1.54 million shares were traded. DOCU stock price reached its highest trading level at $57.6 during the session, while it also had its lowest trading level at $55.87.
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 10.53 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 12.71. For the most recent quarter (mrq), Quick Ratio is recorded 0.93 and its Current Ratio is at 0.93. In the meantime, Its Debt-to-Equity ratio is 0.12 whereas as Long-Term Debt/Eq ratio is at 0.10.
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 Jul 09 ’24 when Shute Stephen sold 35,300 shares for $52.87 per share. The transaction valued at 1,866,297 led to the insider holds 0 shares of the business.
Thygesen Allan C. sold 7,911 shares of DOCU for $425,374 on Jul 01 ’24. The President and CEO now owns 117,643 shares after completing the transaction at $53.77 per share. On Jun 24 ’24, another insider, Chatwani Robert, who serves as the President General Mgr, Growth of the company, sold 14,799 shares for $52.17 each. As a result, the insider received 772,064 and left with 68,083 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 11648361472 and an Enterprise Value of 10551085056. As of this moment, DocuSign’s Price-to-Earnings (P/E) ratio for their current fiscal year is 109.36, and their Forward P/E ratio for the next fiscal year is 16.01. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 5.47. For the stock, the TTM Price-to-Sale (P/S) ratio is 4.09 while its Price-to-Book (P/B) ratio in mrq is 10.11. Its current Enterprise Value per Revenue stands at 3.755 whereas that against EBITDA is 71.953.
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 1.67%, while the 200-Day Moving Average is calculated to be 6.27%.
Shares Statistics:
The stock has traded on average 2.29M shares per day over the past 3-months and 2029860 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 202.53M. Insiders hold about 1.07% of the company’s shares, while institutions hold 79.79% stake in the company. Shares short for DOCU as of 1719532800 were 9238832 with a Short Ratio of 4.04, compared to 1717113600 on 6044585. Therefore, it implies a Short% of Shares Outstanding of 9238832 and a Short% of Float of 5.1.
