A look into DocuSign Inc (DOCU)’s deeper side

With 3.66 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.73 shares. The 52-week range on DOCU shows that it touched its highest point at $69.45 and its lowest point at $38.11 during that stretch. It currently has a 1-year price target of $59.77. Beta for the stock currently stands at 0.88.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of DOCU was down-trending over the past week, with a drop of -11.94%, but this was down by -8.79% over a month. Three-month performance surged to 24.43% while six-month performance rose 1.77%. The stock lost -21.20% in the past year, while it has lost -13.91% so far this year. A look at the trailing 12-month EPS for DOCU yields 0.25 with Next year EPS estimates of 2.89. For the next quarter, that number is 0.65. This implies an EPS growth rate of 41.21% for this year and 0.88% for next year. EPS is expected to grow by 20.00% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of -7.59%.

Float and Shares Shorts:

At present, 201.90 million DOCU shares are outstanding with a float of 201.87 million shares on hand for trading. On Jan 31, 2024, short shares totaled 5.1 million, which was 2.50% higher than short shares on Dec 29, 2023. In addition to DOCU as the firm’s DocuSign, Inc., DOCN serves as its DigitalOcean Holdings, Inc..

Institutional Ownership:

Through their ownership of 76.44% of DOCU’s outstanding shares, institutional investors have majority control over the company.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for DOCU since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With DOCU analysts setting a high price target of $90.00 and a low target of $44.00, the average target price over the next 12 months is $59.77. Based on these targets, DOCU could surge 75.85% to reach the target high and fall by -14.03% to reach the target low. Reaching the average price target will result in a growth of 16.78% from current levels.

Summary of Insider Activity:

Insiders traded DOCU stock several times over the past three months with 0 Buys and 0 Sells. In these transactions, 0 shares were bought while 0 shares were sold. The number of buy transactions has increased to 51 while that of sell transactions has risen to 29 over the past year. The total number of shares bought during that period was 1,322,675 while 1,273,801 shares were sold.