Currently, there are 205.33M common shares owned by the public and among those 200.93M shares have been available to trade.
The company’s stock has a 5-day price change of 0.91% and 31.38% over the past three months. DOCU shares are trading 18.89% year to date (YTD), with the 12-month market performance up to 75.52% higher. It has a 12-month low price of $38.11 and touched a high of $73.80 over the same period. DOCU has an average intraday trading volume of 3.00 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 6.03%, 16.00%, and 23.47% respectively.
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Institutional ownership of DocuSign Inc (NASDAQ: DOCU) shares accounts for 80.44% of the company’s 205.33M shares outstanding.
It has a market capitalization of $14.35B and a beta (3y monthly) value of 0.92. The stock’s trailing 12-month PE ratio is 14.90, while the earnings-per-share (ttm) stands at $4.74. The company has a PEG of 1.60 and a Quick Ratio of 0.84 with the debt-to-equity ratio at 0.07. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.67% over the week and 2.70% over the month.
Earnings per share for the fiscal year are expected to increase by 16.96%, and 6.29% over the next financial year.
Looking at the support for the DOCU, a number of firms have released research notes about the stock. UBS stated their Neutral rating for the stock in a research note on April 12, 2024, with the firm’s price target at $48-$62. Morgan Stanley coverage for the DocuSign Inc (DOCU) stock in a research note released on January 16, 2024 offered a Equal-Weight rating with a price target of $64. Wells Fargo was of a view on December 20, 2023 that the stock is Underweight, while Daiwa Securities gave the stock Outperform rating on December 15, 2023, issuing a price target of $60. HSBC Securities on their part issued Hold rating on September 27, 2023.
