While DocuSign Inc has underperformed by -3.14%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, DOCU rose by 76.38%, with highs and lows ranging from $107.86 to $48.70, whereas the simple moving average jumped by 38.10% in the last 200 days.
On December 06, 2024, HSBC Securities Downgraded DocuSign Inc (NASDAQ: DOCU) to Reduce. A report published by UBS on April 12, 2024, Upgraded its rating to ‘Neutral’ for DOCU. Morgan Stanley also Upgraded DOCU shares as ‘Equal-Weight’, setting a target price of $64 on the company’s shares in a report dated January 16, 2024. Daiwa Securities December 15, 2023d its ‘Buy’ rating to ‘Outperform’ for DOCU, as published in its report on December 15, 2023. HSBC Securities’s report from September 27, 2023 suggests a price prediction of $42 for DOCU shares, giving the stock a ‘Hold’ rating. HSBC Securities also rated the stock as ‘Reduce’.
Analysis of DocuSign Inc (DOCU)
Further, the quarter-over-quarter increase in sales is 7.77%, showing a positive trend in the upcoming months.
In order to gain a clear picture of DocuSign Inc’s future performance, a variety of well-rounded analysis and research techniques can be applied, with equity being the most critical. The goal here is to ensure that your current return on equity of 68.48% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 0.83, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
An average volume of 3.10M can be a very valuable indicator of volatility for DOCU stock. On a monthly basis, the volatility of the stock is set at 4.00%, whereas on a weekly basis, it is put at 4.43%, with a loss of -2.09% over the past seven days. Furthermore, long-term investors anticipate a median target price of $97.60, showing growth from the present price of $93.85, which can serve as yet another indication of whether DOCU is worth investing in or should be passed over.
How Do You Analyze DocuSign Inc Shares?
The USA based company DocuSign Inc (DOCU) is one of the biggest names in Software – Application. When comparing DocuSign Inc shares with other companies under Technology, the P/E value is an influential factor to note. This is because it represents an indication of the future growth of the company in terms of investors’ expectations. Ultimately, the value of the latter should demonstrate steady, rapid growth, which is an accurate measure of the company’s progress. In addition to the value of 19.33, there is a growth in quarterly earnings of 60.29%.
In addition to the fundamentals, you should also consider how many employees own shares in the company. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 1.05%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 82.52% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
DOCU shares are owned by institutional investors to the tune of 82.52% at present.
