, docu Sign stock has a forward price-sales ratio, based on analysts’ average 2020 sales estimate, of about 18. That makes the shares very expensive. Since the stock has a very steep valuation, and the company is vulnerable to competition, I would recommend selling the shares.
Should I buy docusign?
If you’re considering buying Docu. Sign stock, there are some things to consider. The company’s revenue grew over 40 percent for six consecutive quarters.
When we were writing we ran into the query “Should I buy or sell DocuSign stock?”.
Stockchase rating for Docusign is calculated according to the stock experts’ signals . A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock. What is Docusign stock symbol? Docusign is a American stock, trading under the symbol DOCU-Q on the NASDAQ (DOCU).
Is DocuSign stock over or undervalued?
Analysts expect that Docu. Sign will report earnings of $2.15 per share in the current fiscal year, so the stock is trading at 34 forward P/E. The company’s valuation has dramatically decreased in recent months as Docu. Sign stock declined from the highs near $315 that were reached back in September 2021 to the $73 level.
Why is docusign stock going down?
The market is worried that the major boost from the shift to work-from-home is over, and Docu. Sign’s growth will slow down materially.
Based on our machine learning analysis of trends in the stock price over the last four years, there is a 76% chance of a rise in DOCU stock over the next month (twenty-one trading days). See our analysis on Docu. Sign Stock Chance Of Rise for more details.
The simplest description of Docu. Sign is that the company helps people create official digital signatures for documents.
, docu Sign’s product is also easily integrated into existing business workflows, working with popular applications such as Salesforce, Slack, and SAP, potentially boosting stickiness. The company estimates its total addressable market for e-signatures is about $25 billion.
Another thing we wondered was; is DocuSign’s technical signal good or bad?
One way to think about this is this is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development., the docu Sign, Inc. stock holds a buy signal from the short-term moving average; at the same time, however, the long-term average holds a general sell signal.
Is DocuSign a good investment during the pandemic?
Further, during the pandemic, Docu. Sign is becoming much more popular and valuable. In fact, in its fiscal first quarter, its revenue soared 39% year-over-year and its billings jumped 59% YOY.
Does DocuSign think its growth prospects are healthy?
Based on management’s optimistic comments in its earnings release and the company’s decision to roll out a share repurchase program, Docu. Sign certainly thinks its business and its growth prospects remain healthy.
How did DocuSign’s revenue grow 42% in the third quarter?
In its fiscal 2022 third quarter (which ended Oct. 31), Docu. Sign’s year-over-year revenue growth was 42%. This was a continuation of a trend. Its revenue has increased sequentially in every quarter since the beginning of 2019, and it has produced year-over-year revenue growth of between 37% and 58% over that same timeframe.
While reading we ran into the inquiry “How did DocuSign perform in the fiscal 4th quarter?”.
Despite the stock’s sharp pullback on Friday, the company’s fiscal fourth-quarter results were actually quite impressive., docu Sign’s revenue rose 35% year over year during the period, hitting approximately $581 million. This was ahead of analysts’ average forecast for revenue of $561 million.
Is DocuSign stock on a rollercoaster ride?
Follow @dannyvena Docu. Sign ( NASDAQ: DOCU) stock has been on something of a rollercoaster ride over the past week. The company reported better-than-expected second-quarter financial results late last week that sent shares surging, but the rally was short-lived.