With 1.77 million shares changed hands, the volume of the stock remained lighter than its average volume of 3.28 million shares. During the session, the Software – Application company that operates in wider Technology sector, reached to the highest price of $80.6 whereas the lowest price it dropped to was $78.44. The 52-week range on DOCU shows that it touched its highest point at $83.68 and its lowest point at $42.12 during that stretch. It currently has a 1-year price target of $64.14. Beta for the stock currently stands at 0.91.
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Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of DOCU was down-trending over the past week, with a drop of -0.26%, but this was up by 13.59% over a month. Three-month performance surged to 39.54% while six-month performance rose 39.83%. The stock gained 88.59% in the past year, while it has gained 34.82% so far this year. A look at the trailing 12-month EPS for DOCU yields 4.74 with Next year EPS estimates of 3.70. For the next quarter, that number is 0.87. This implies an EPS growth rate of 16.96% for this year and 6.29% for next year.
Float and Shares Shorts:
At present, 205.33 million DOCU shares are outstanding with a float of 200.92 million shares on hand for trading. On 2024-10-31, short shares totaled 14.35 million, which was 707.00005 higher than short shares on 1727654400. In addition to Mr. Allan C. Thygesen as the firm’s President, CEO & Director, Mr. Robert Chatwani serves as its President & GM of Growth.
Institutional Ownership:
Through their ownership of 0.82354 of DOCU’s outstanding shares, institutional investors have minority control over the company.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on 2024-07-31, DOCU reported revenue of $736027000.0 and operating income of $58398000.0. The EBITDA in the recently reported quarter was $100050000.0 and diluted EPS was $4.26.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for DOCU since 18 analysts follow the stock currently. There are 8 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 10 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With DOCU analysts setting a high price target of 87.0 and a low target of 50.0, the average target price over the next 12 months is 64.79. Based on these targets, DOCU could surge 8.55% to reach the target high and fall by -37.62% to reach the target low. Reaching the average price target will result in a decline of -19.16% from current levels.
Analysts have provided yearly estimates in a range of $2.91792 being high and $2.818 being low. For DOCU, this leads to a yearly average estimate of $2.86796. The surprise factor in the prior quarter was $0.79. Based on analyst estimates, the high estimate for the next quarter is $0.9 and the low estimate is $0.73. The average estimate for the next quarter is thus $0.84.
