DocuSign Inc. originated in America and has its headquarters in San Francisco, California. It allows organizations to manage electronic agreements, offers eSignature, and has over 1 million customers.
DocuSign Inc. has expanded its services in more than 180 countries. It was founded in 2003 and has its headquarters in California. The current CEO of the company is Allhan Thygesen and the company has 7.3K employees.
The debt/equity ratio of DOCU stock is 103.67% followed up with a very strong negative PE ratio of -450.78. Also, the current ratio of the company is 0.88 which is lower than 1. This is a disappointing factor for the company as it represents that the company is not capable enough to repay its debt.
The volume traded for the DOCU stock in the last 24 hours is 3.12M and 200.724M shares are floating in the market available for trading. This leads to a market cap of $8.244B as the stock is currently trading at a price of $40.57.
Source: TradingView
DocuSign Inc. reported a debt of $888.29M in the year 2022 resulting in a free cash flow of $429.11M. DOCU also has shown consistent growth in its revenue over the last five years. It reported a loss of -3.87% on the net in the year ending 2022 resulting in -$97.45M. Moreover, it made a gross profit of $1.969B. The revenue of the company has also advanced in Q3, 2023, by 10.5%.
Source: Tradingview
DocuSign Inc. has performed financially very well over the years and has met the estimates of revenue and EPS all the time for the last five years. It has outperformed and surprised the analysts and experts most of the time. This indicates that the company is predictable and has financial stability.
a by writer11_gsm on TradingView.com
The stock price of the company has been declining since 2021 and after making a high of $314.76 the stock price has declined by more than 85%. DOCU stock is still making lower lows and following a downtrend.
The DOCU stock has been taking resistance at a dynamic trend line and has started to decline after making a swing high of $64.71. It had a very crucial support level of $46.50 which was broken down by the stock a few days ago due to heavy selling pressure. Currently, the DOCU stock is taking support at the $40.00 level and if it breaks below it then further lower prices can come.
EMAs on the daily chart of DOCU are trading in a bearish momentum. The price of the 50-day and the 200-day EMA are consistently declining which indicates that the stock price is in a strong downtrend trading below both the EMAs.
The DOCU stock’s RSI looks extremely bearish on the charts as it is trading below the oversold zone at 30.95 and the 14-day SMA is also trading at the same level. This is caused by a heavy decline in the share price.
DocuSign Inc. has strong and reliable financials while the insiders are reported to be selling their shares as per SEC. This could be one of the reasons for the decline in the price. The market structure of the DOCU stock is negative as it is consistently making lower lows. The indicators are also indicating bearishness in the stock price.
Therefore, if the DOCU stock price breaks below the level of $39.00 we can witness further lower levels in the stock price.
The information provided in this article, including the views and opinions expressed by the author or any individuals mentioned, is intended for informational purposes only. It is important to note that the article does not provide financial or investment advice. Investing or trading in cryptocurrency assets carries inherent risks and can result in financial loss.