DocuSign Inc. (NASDAQ: DOCU): Stock Forecast For 2022 Still Looks Weak With A -142.61% Decline – Marketing Sentinel
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DocuSign Inc. (NASDAQ: DOCU): Stock Forecast For 2022 Still Looks Weak With A -142.61% Decline

In today’s recent session, 1.12 million shares of the DocuSign Inc. (NASDAQ:DOCU) have been traded, and its beta is 1.23. Most recently the company’s share price was $62.24, and it changed around $2.69 or 4.52% from the last close, which brings the market valuation of the company to $11.17B. DOCU at last check was trading at a discount to its 52-week high of $314.76, offering almost -405.72% off that amount. The share price’s 52-week low was $55.96, which indicates that the recent value has risen by an impressive 10.09% since then. We note from DocuSign Inc.’s average daily trading volume that its 10-day average is 11.56 million shares, with the 3-month average coming to 5.43 million.

DocuSign Inc. stock received a consensus recommendation rating of a Hold, based on a mean score of 2.30. If we narrow it down even further, the data shows that 2 out of 20 analysts rate the stock as a Sell; another 1 rate it as Overweight. Among the rest, 12 recommended DOCU as a Hold, whereas 5 deemed it a Buy, and 0 rated it as Underweight. DocuSign Inc. is expected to report earnings per share of $0.43 for the current quarter.

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DocuSign Inc. (NASDAQ:DOCU) trade information

Instantly DOCU has been showing a green trend so far today with a performance of 4.52% on intraday trading today. The performance over the last five days has remained in the green territory. The rise to weekly highs of 63.41 on Tuesday, 06/21/22 increased the stock’s daily price by 1.85%. The company’s shares are currently down -60.90% year-to-date, but still up 0.73% over the last five days. On the other hand, DocuSign Inc. (NASDAQ:DOCU) is -23.83% up in the 30-day period. We can see from the shorts that 12.06 million shares have been sold at a short interest cover period of 2.73 day(s).

The consensus price target as assigned by Wall Street analysts is $76.57, which translates to bulls needing to increase their stock price by 18.71% from its current value. Analyst projections state that DOCU is forecast to be at a low of $50.00 and a high of $151.00. In order for the stock price to hit the forecast high, the stock would need to plunge -142.61% from its current level, while the stock would need to crash 19.67% from its current level to reach the projected low.

DocuSign Inc. (DOCU) estimates and forecasts

DocuSign Inc. share prices are performing particularly well not compared to other companies within the same industry. As is evident from the statistics, the company’s shares have fallen -61.67 percent over the past six months and at a -9.09% annual growth rate that is well below the industry average of 14.50%. Moreover, analysts have decided to roll up on their fiscal year 2022 revenue estimates. The rating firms predict that it will loss -8.50% in revenue this quarter, and will report a decrease of -22.40% in the next quarter. The year-over-year growth rate is expected to be 17.60%, up from the previous year.

Consensus estimates provided by 14 financial analysts predict the company will bring in an average of $603.71 million in revenue for the current quarter. 14 analysts expect DocuSign Inc. to make $627.17 million in revenue for the quarter ending Oct 2022.

Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 16.20%. DocuSign Inc. earnings are expected to increase by 72.80% in 2022, but the outlook is positive 32.65% per year for the next five years.

DOCU Dividends

DocuSign Inc.’s next quarterly earnings report is expected to be released around August 31 and September 05.

DocuSign Inc. (NASDAQ:DOCU)’s Major holders

Upon looking at major shareholders, it appears that insiders hold 1.50% of DocuSign Inc. shares, and 79.71% of them are in the hands of institutional investors. The stock currently has a share float of 80.93%. DocuSign Inc. stock is held by 1,283 institutions, with Vanguard Group, Inc. (The) being the largest institutional investor. By Mar 30, 2022, it held 8.66% of the shares, which is about 17.31 million shares worth $1.85 billion.

Blackrock Inc., with 5.52% or 11.04 million shares worth $1.18 billion as of Mar 30, 2022, holds the second largest percentage of outstanding shares.

Vanguard Total Stock Market Index Fund and Vanguard Mid-Cap Index Fund were the top two Mutual Funds as of Mar 30, 2022. The former held 5.42 million shares worth $580.63 million, making up 2.71% of all outstanding shares. On the other hand, Vanguard Mid-Cap Index Fund held roughly 4.21 million shares worth around $451.31 million, which represents about 2.11% of the total shares outstanding.

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