In recent trading session, DocuSign Inc (NASDAQ:DOCU) saw 0.82 million shares changing hands at last check today with its beta currently measuring 0.87. Company’s recent per share price level of $60.42 trading at $0.94 or 1.58% at last check today assigns it a market valuation of $12.41B. That most recent trading price of DOCU’s stock is at a discount of -7.18% from its 52-week high price of $64.76 and is indicating a premium of 36.92% from its 52-week low price of $38.11. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 1.57 million shares which gives us an average trading volume of 3.52 million if we extend that period to 3-months.
DocuSign Inc (NASDAQ:DOCU) trade information
Upright in the green today for gaining 1.58%, in the last five days DOCU remained trading in the green while hitting it’s week-highest on Friday, 04/12/24 when the stock touched $60.42 price level, adding 1.71% to its value on the day. DocuSign Inc’s shares saw a change of 1.63% in year-to-date performance and have moved 1.60% in past 5-day. DocuSign Inc (NASDAQ:DOCU) showed a performance of 1.70% in past 30-days. Number of shares sold short was 7.1 million shares which calculate 1.78 days to cover the short interests.
DocuSign Inc (DOCU) estimates and forecasts
Statistics highlight that DocuSign Inc is scoring comparatively lower than the scores of other players of the relevant industry. The company added 43.07% of value to its shares in past 6 months, showing an annual growth rate of 8.39% while that of industry is 17.10. Apart from that, the company came raising its revenue forecast for fiscal year 2024. The company is estimating its revenue growth to increase by 9.70% in the current quarter and calculating 11.10% increase in the next quarter. This year revenue growth is estimated to rise 5.90% from the last financial year’s standing.
17 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $707.46 million for the same. And 17 analysts are in estimates of company making revenue of $727.03 million in the next quarter that will end on Jul 2024.
In 2024, company’s earnings growth rate is likely to be around 8.89% while estimates for its earnings growth in next 5 years are of 20.00%.
DOCU Dividends
DocuSign Inc is more likely to be releasing its next quarterly report between June 06 and June 10 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.
DocuSign Inc (NASDAQ:DOCU)’s Major holders
Insiders are in possession of 1.15% of company’s total shares while institution are holding 78.85 percent of that, with stock having share float percentage of 79.77%. Investors also watch the number of corporate investors in a company very closely, which is 78.85% institutions for DocuSign Inc that are currently holding shares of the company. Vanguard Group Inc is the top institutional holder at DOCU for having 20.5 million shares of worth $1.05 billion. And as of Jun 29, 2023, it was holding 10.09% of the company’s outstanding shares.
The second largest institutional holder is Blackrock Inc., which was holding about 12.33 million shares on Jun 29, 2023. The number of shares represents firm’s hold over 6.07% of outstanding shares, having a total worth of $630.17 million.
On the other hand, Vanguard Total Stock Market Index Fund and Growth Fund Of America Inc are the top two Mutual Funds which own company’s shares. As of Jun 29, 2023, the former fund manager was holding 6.27 million shares of worth $320.4 million or 3.09% of the total outstanding shares. The later fund manager was in possession of 6.19 million shares on Jun 29, 2023, making its stake of worth around $316.19 million in the company or a holder of 3.05% of company’s stock.
