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Friday, September 29, 2023

DocuSign Inc. (DOCU) Is Not Likely To Be The Same Tomorrow

After Hours

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. After-hours trades for DocuSign Inc. (DOCU) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.03, or 0.06%, to $51.70. The DocuSign Inc. has recorded 72,193 volume in the after hours trading session. Recently, Yahoo Finance discussed the stock, revealing that DocuSign Announces Timing of Second Quarter Fiscal 2024 Earnings Conference Call.

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Stocks Info

DocuSign Inc. is listed on the NASDAQ in the Technology sector while operating in the Software – Application industry. At the end of the last regular session, the stock closed at $51.67 and fluctuated between $51.79 as its day high and $50.69 as its day low. The current market capitalization of DocuSign Inc. is $10.18B. A total of 2.37 million shares were traded on the day, compared to an average of 3.60M shares.

Insider Activity

Insider trades are also considered as indicators of how a stock will perform in the future, in addition to stock predictions. During the recent three months, DOCU has seen 7 BUY and 9 SELL insider trades, representing the acquisition of 347,757 and the disposition of 257,552 shares. Over the last 12 months, there were 44 BUYs and 35 SELLs from insiders. Insiders purchased 479,888 shares during that period but sold 746,961.

In the most recent transaction, Salem Enrique T sold 2,500 shares of DOCU for 50.02 per share on Jul 07. After the transaction, the Director now owns 156,140 company shares. In a previous transaction on Jul 06, Shute Stephen sold 100,315 shares at 49.20 per share. DOCU shares that President, Field Operations owns now total 0.

Among the insiders who sold shares, Briggs Teresa disposed of 1,988 shares on Mar 16 at a per-share price of $58.53. This resulted in the Director holding 3,763 shares of DOCU after the transaction. In another insider transaction, Springer Daniel D. sold 147,008 shares at $55.08 per share on Jan 19. Company shares held by the Director now total 1,225,714.

Despite rarely being accurate, price targets can exert some form of influence at times, and are often regarded as valuable by markets. According to analysts who have offered 12-month price targets for DOCU in the last 3 months, the mean price target is $65.16 with high estimates of $84.00 and low estimates of $44.00. In terms of 52-week highs and lows, DOCU has a high of $69.45 and a low of $39.57.

As of this writing, DOCU has an earnings estimate of $0.66 per share for the current quarter. EPS was calculated based on a consensus of 19 estimates, with a high estimate of $0.69 per share and a lower estimate of $0.63. The company reported an EPS of $0.65 in the last quarter, which was 25.00% higher than expectations of $0.52.

Balance Sheet Annually/Quarterly

As well as showing the assets and liabilities of the company, the balance sheet also shows the amount invested in equity by investors. Investors can analyze a company’s future prospects by calculating its financial ratios based on this information. DOCU’s latest balance sheet shows that the firm has $802.82M in Cash & Short Term Investments as of fiscal 2022. There were $882.23M in debt and $1.37B in liabilities at the time. Its Book Value Per Share was $3.70, while its Total Shareholder’s Equity was $275.50M.

Analysts Opinion

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for DOCU is Buy with a score of 2.93.

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