DocuSign Inc. (NASDAQ:DOCU) price closed lower on Tuesday, September 14, dropping -1.19% below its previous close.
A look at the daily price movement shows that the last close reads $271.22, with intraday deals fluctuated between $267.06 and $272.9426. The company’s 5Y monthly beta was ticking 0.84. Taking into account the 52-week price action we note that the stock hit a 52-week high of $314.76 and 52-week low of $179.49. The stock subtracted -9.46% on its value in the past month.
DocuSign Inc., which has a market valuation of $53.51 billion, is expected to release its quarterly earnings report Dec 01, 2021 – Dec 06, 2021. Analysts tracking DOCU have forecast the quarterly EPS to grow by 0.46 per share this quarter, while the same analysts predict the annual EPS to hit $1.73 for the year 2021 and up to $2.14 for 2023. In this case, analysts estimate an annual EPS growth of 92.20% for the year and 23.70% for the next year.
On average, analysts have forecast the company’s revenue for the quarter will hit $530.63 million, with the likely lows of $527.2 million and highs of $545.72 million. Staying with the analyst view, there is a consensus estimate of $2.09 billion for the company’s annual revenue in 2022. Per this projection, the revenue is forecast to grow 43.60% above that which the company brought in 2022.
Revisions to the company’s EPS highlights a short term direction of a stock’s price movement, which in the last 7 days came up with 12 upward and no downward reviews. On the technical perspective front, indicators give DOCU a short term outlook of Hold on average. Looking at the stock’s medium term indicators we note that it is averaging as a 50% Buy, while an average of long term indicators are currently assigning the stock as 100% Buy.
Here is a look at the average analyst rating for the stock as represented on a scale of 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock is strong buy or strong sell respectively. Specifically, 21 analysts have assigned DOCU a recommendation rating as follows: 5 rate it as a Hold; 15 advise Buy while 1 analyst(s) assign an Overweight rating. 0 analyst(s) have tagged the DocuSign Inc. (DOCU) stock as Underweight, with 0 recommending Sell. In general, analysts have rated the stock Overweight, a scenario likely to bolster investors out for an opportunity to add to their holdings of the company’s shares.
The overview shows that DOCU’s price is at present -7.82% off the SMA20 and -8.64% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 34.87, with weekly volatility standing at 3.21%. The indicator jumps to 3.16% when calculated based on the past 30 days. DocuSign Inc. (NASDAQ:DOCU)’s beta value is holding at 0.85, while the average true range (ATR) indicator is currently reading 9.70. Considering analysts have assigned the stock a price target range of $166.00-$389.00 as the low and high respectively, we find the trailing 12-month average consensus price target to be $323.33. Based on this estimate, we see that current price is roughly 38.06% off the estimated low and -45.16% off the forecast high. Investors will no doubt be excited to see the share price fall to $335.00, which is the median consensus price, and at that level DOCU would be -25.01% from current price.
An analysis of the DocuSign Inc. (NASDAQ:DOCU) stock in terms of its daily trading volume indicates that the 3-month average is 2.31 million. However, this figure increases on the past 10-day timeline to an average of 3.4 million.
Current records show that the company has 196.00M in outstanding shares. The insiders’ percentage holdings are 1.10% of outstanding shares while the percentage share held by institutions stands at 78.30%. The stats also highlight that short interest as of Aug 12, 2021, stood at 7.12 million shares, which puts the short ratio at the time at 3.9. From this we can glean that short interest is 3.65% of company’s current outstanding shares. Notably, we see that shares short in August rose slightly given the previous month’s figure stood at 6.02 million. But the 20.55% upside, the stock’s price has registered year-to-date as of last trading, will likely reignite investor interest given the prospect of it rallying even higher.