DOCU Stock Summary and Trading Ideas (Docusign | NASDAQ:DOCU)

DocuSign offers the Agreement Cloud, a broad cloud-based software suite that enables users to automate the agreement process and provide legally binding e-signatures from nearly any device. The company was founded in 2003 and completed its IPO in May 2018.

Docusign trades on the NASDAQ stock market under the symbol DOCU.

As of May 14, 2024, DOCU stock price climbed to $60.28 with 97,852 million shares trading.

DOCU has a beta of 1.70, meaning it tends to be more sensitive to market movements. DOCU has a correlation of 0.22 to the broad based SPY ETF.

DOCU has a market cap of $12.34 billion. This is considered a Large Cap stock.

Last quarter Docusign reported $712 million in Revenue and $.76 earnings per share. This beat revenue expectation by $13 million and exceeded earnings estimates by $.12.

In the last 3 years, DOCU stock traded as high as $314.76 and as low as $38.11.

The top ETF exchange traded funds that DOCU belongs to (by Net Assets): RAYD, VTI, VB, VXF, VBK.

DOCU stock has underperformed the market in the last year with a return of +23.4%, while SPY returned +28.3%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in DOCU shares. However, DOCU has outperformed the market in the last 3 month and 2 week periods, returning +19.3% and +5.6%, while SPY returned +5.9% and +2.2%, respectively. This indicates DOCU has been having a stronger performance recently.

DOCU support price is $58.68 and resistance is $60.84 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that DOCU stock will trade within this expected range on the day.