DocuSign Inc (NASDAQ: DOCU) on Monday, soared 0.25% from the previous trading day, before settling in for the closing price of $55.70. Within the past 52 weeks, DOCU’s price has moved between $38.11 and $64.76.
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A company in the Technology sector has jumped its sales by 32.47% annually for the last half of the decade. The company achieved an average annual earnings per share of 8.89%. With a float of $203.30 million, this company’s outstanding shares have now reached $205.33 million.
In an organization with 6840 employees, it is important to assess its efficiency.
DocuSign Inc (DOCU) Insider and Institutional Ownership
Observing investor behavior towards Software – Application industry stocks is more important than anything else. The insider ownership of DocuSign Inc is 1.03%, while institutional ownership is 77.99%. The most recent insider transaction that took place on Apr 09 ’24, was worth 900,000. In this transaction Director of this company sold 15,000 shares at a rate of $60.00, taking the stock ownership to the 783 shares. Before that another transaction happened on Apr 03 ’24, when Company’s Chief Legal Officer sold 9,000 for $59.62, making the entire transaction worth $536,580. This insider now owns 37,503 shares in total.
DocuSign Inc (DOCU) Latest Financial update
As on 1/31/2024, Multinational firm has announced its last quarter scores, in which it reported 0.72 earnings per share (EPS) for the period topping the consensus outlook (set at 0.56) by 0.16. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.8 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 8.89% per share during the next fiscal year.
DocuSign Inc (NASDAQ: DOCU) Trading Performance Indicators
DocuSign Inc (DOCU) is currently performing well based on its current performance indicators. A quick ratio of 0.92 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 4.15. Likewise, its price to free cash flow for the trailing twelve months is 12.93.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 0.36, a number that is poised to hit 0.79 in the next quarter and is forecasted to reach 3.51 in one year’s time.
Technical Analysis of DocuSign Inc (DOCU)
Let’s dig in a bit further. During the last 5-days, its volume was 1.52 million. That was inferior than the volume of 3.37 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 13.79%. Additionally, its Average True Range was 1.74.
During the past 100 days, DocuSign Inc’s (DOCU) raw stochastic average was set at 60.58%, which indicates a significant increase from 17.58% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 30.13% in the past 14 days, which was lower than the 43.40% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $55.84, while its 200-day Moving Average is $51.02. However, in the short run, DocuSign Inc’s stock first resistance to watch stands at $56.38. Second resistance stands at $56.92. The third major resistance level sits at $57.79. If the price goes on to break the first support level at $54.97, it is likely to go to the next support level at $54.10. The third support level lies at $53.56 if the price breaches the second support level.
DocuSign Inc (NASDAQ: DOCU) Key Stats
Market capitalization of the company is 11.47 billion based on 205,400K outstanding shares. Right now, sales total 2,762 M and income totals 73,980 K. The company made 712,390 K in profit during its latest quarter, and 27,240 K in sales during its previous quarter.
