Avoid the stress of overpaying for a stock or missing an opportunity by using the right tools and insights to evaluate Docusign Inc before investing.

In this article, we go over a few key elements for understanding Docusign Inc’s stock price such as:

• Docusign Inc’s current stock price and volume
• Why Docusign Inc’s stock price changed recently
• Upgrades and downgrades for DOCU from analysts
• DOCU’s stock price momentum as measured by its relative strength

About Docusign Inc (DOCU)

Before we jump into Docusign Inc’s stock price, history, target price and what caused it to recently rise, let’s take a look at some background.

DocuSign, Inc. offers electronic signature product, enabling an agreement to be signed electronically on a variety of devices, from virtually anywhere in the world. The Company offers DocuSign Agreement Cloud, which is a cloud software platform that automates and connects the entire agreement process. It includes DocuSign eSignature, an electronic signature solution. It offers applications for automating pre- and post-signature processes, such as automatically generating an agreement from data in other systems, supporting negotiation workflow, verifying identities, enabling remote online notarization, collecting payment after signatures, and using artificial intelligence to analyze a collection of agreements for risks and opportunities. The Company also includes hundreds of integrations to other systems, so agreement processes can integrate with other business processes and data. Its offers DocuSign Insight, which uses AI to search and analyze agreements by legal concepts and clauses.

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Docusign Inc’s Stock Price as of Market Close

As of March 08, 2024, 4:00 PM, CST, Docusign Inc’s stock price was $55.97.

Docusign Inc is up 4.5% from its previous closing price of $53.56.

During the last market session, Docusign Inc’s stock traded between $52.65 and $54.11. Currently, there are 204.46 million shares of Docusign Inc stock available for purchase.

Docusign Inc’s price-earnings (P/E) ratio is currently at 215.4, which is high compared to the Software industry median of 49.7. The price-earnings ratio gauges market expectation of future performance by relating a stock’s current share price to its earnings per share.

Docusign Inc Stock Price History

Docusign Inc’s (DOCU) price is currently up 5.07% so far this month.

During the month of March, Docusign Inc’s stock price has reached a high of $58.96 and a low of $51.12.

Over the last year, Docusign Inc has hit prices as high as $66.90 and as low as $38.11. Year to date, Docusign Inc’s stock is up 0.99%.

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What Caused Docusign Inc Stock’s Price to Rise?

Stock prices are primarily based on seller supply and buyer demand. But have you ever wondered about what other factors affect a stock's price?

When an analyst changes their opinion of a stock by upgrading or downgrading their rating, it often leads to a sudden stock price adjustment. As of March 07, 2024, there was 1 analyst who downgraded Docusign Inc’s stock and 2 analysts who upgraded over the last month.

Additionally, you'll want to evaluate Docusign Inc’s financial health and valuation. Investors can use AAII's Value Grade, which combines six key valuation metrics like P/E and P/S ratios for a comprehensive analysis to conduct analysis on Docusign Inc’s valuation and financial health. This approach mitigates the limitations of single-metric evaluations.

Docusign Inc’s current valuation based on AAII’s Value Grade is a F, which means it is considered to be Ultra Expensive.

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Lastly, news and media coverage as well as recent press reports about the company or its industry may cause stock prices to fluctuate. You can check out the most recent news articles about Docusign Inc (DOCU) by visiting AAII Stock Evaluator.

Relative Price Strength of Docusign Inc

Relative price strength measures a stock's performance against the market, helping investors identify stocks that are outperforming benchmarks.

For AAII’s Momentum Grade, a weighted relative price strength is calculated. Follow this link to learn more about the Momentum Grade.

As of March 07, 2024, Docusign Inc has a weighted four-quarter relative price strength of -8.51%, which translates to a Momentum Score of 42 and is considered to be Average.

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Docusign Inc Stock Price: Bottom Line

As of March 8, 2024, Docusign Inc’s stock price is $55.97, which is up 4.5% from its previous closing price.

AAII advises against making stock decisions based solely on price or past returns. Instead, consider a variety of metrics, fundamentals, and analytics to evaluate a stock like Docusign Inc stock prices are influenced by market supply and demand and offer just a snapshot of a company's overall health.

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