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12/07/2023 16:14:00 EST
DocuSign Inc (DOCU)
Industry: Software - Application
Follow @stockchartsai on TwitterPrice Support Resistance
In the past 30 trading days, DOCU has been trading in a range between $43.80 and $38.53 (gray range band). Red lines on the chart represent key resistance levels and Green lines represent key support levels. As the price moves above the lines you will notice they turn green and red if price moves below a line.
DOCU is trading between resistance at $49.10 about 3% to the upside and support at $42.48 -10% to the downside. If it can break above the resistance, it could have some more upside to the next line of resistance at $51.80, about a 9% move. If the price starts to turn down and fails to get through this level or enters a yellow zone, we would consider profit taking or exiting the position. If it enters a red zone on the chart we would exit the position.
Upside / Downside Potential
DocuSign Inc (DOCU) entered a Green zone 17 days ago on the AI powered stock chart. Wall Street analysts have a recent rating of 3.269, which is a Buy. The current analyst target price is $64.42, which gives it a potential upside of 35.79 % from the recent price of 47.44. The stock is trading 46.4% (potential upside) below its 52 week high of $69.45 and 24.48 % (potential downside) above its 52 week low of $38.11 - based on the recent price.
Company Summary
DocuSign, Inc provides electronic signature solution in the United States and internationally. The company provides DocuSign e-signature solution that enables sending and signing of agreements on various devices; Contract Lifecycle Management (CLM), which automates workflows across the entire agreement process; and Gen for Salesforce, which allows sales representatives to automatically generate agreements with a few clicks from within Salesforce.
News
| Docusign shares slide despite 3Q expectations beat DocuSign Inc stock fell 1% in extended trading after initially popping 8% higher on third-quarter results that topped expectations. The electronic signature software company posted adjusted earnings of $0.79 per share, topping expectations of $0.63 per share. Source: Proactive Investors Thu, 07 Dec 2023 17:44:05 -0500 Sentiment: Neutral |
| DocuSign's stock jumps 8% on results, guidance DocuSign Inc.'s DOCU, +0.17% stock initially jumped 8% in after-hours trading Thursday after the software company posted better-than-expected quarterly results and sales guidance. DocuSign reported fiscal third-quarter net income of $38.8 million, or 19 cents a share, compared with a net loss of $29.9 million, or 15 cents a share, in the same quarter a year earlier. Source: Market Watch Thu, 07 Dec 2023 16:13:00 -0500 Sentiment: Positive |
| DocuSign Announces Third Quarter Fiscal 2024 Financial Results SAN FRANCISCO , Dec. 7, 2023 /PRNewswire/ -- DocuSign, Inc. (NASDAQ: DOCU), which offers the world's #1 e-signature product as part of its industry leading lineup, today announced results for its fiscal quarter ended October 31, 2023. "DocuSign had a solid third quarter, delivering record non-GAAP operating margin and free cash flow," said Allan Thygesen, CEO of DocuSign. Source: PRNewsWire Thu, 07 Dec 2023 16:05:00 -0500 Sentiment: Neutral |
| The truth about DocuSign's relevancy in today's world: Surprise With the year-end right around the corner, it is more important than ever to ensure that your portfolio is in the best position, with the right balance of upside and value or momentum, whatever your diet and appetite prescribe. A VIX below 15.0% (lowest since 2019) is making that harder today than all of 2023. Source: MarketBeat Tue, 05 Dec 2023 09:00:02 -0500 Sentiment: Neutral |
| Countdown to DocuSign (DOCU) Q3 Earnings: A Look at Estimates Beyond Revenue and EPS Looking beyond Wall Street's top -and-bottom-line estimate forecasts for DocuSign (DOCU), delve into some of its key metrics to gain a deeper insight into the company's potential performance for the quarter ended October 2023. Source: Zacks Investment Research Mon, 04 Dec 2023 12:47:23 -0500 Sentiment: Positive |
Technicals 52 Week Hi: 69.45 52 Week Low: 38.11 Beta: 0.896 50 Day MA: 41.6336 200 Day MA: 49.9853 Earnings / Revenue Trends Qtr Earnings Growth YOY: 0 Qtr Revenue Growth YOY: 0.105 Forward PE: 17.2712 Trailing PE: 0