![]() DocuSign’s stock declined 6.6% over the last ten trading days (two weeks), compared to the broader market (S&P500) which fell -2.5%.A change of -0.6% or more over five trading days has a 34% event probability, which has occurred 308 times out of 899 in the last four years.DocuSign stock declined 0.6% over a five day trading period ending, compared to the broader market (S&P500) which fell by 2.6%.See our analysis on DocuSign Stock Chance Of Rise for more details.įive Days: DOCU -0.6%, vs. ![]() Now, is DOCU stock poised to recover in the near term? 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). This could drive demand for DocuSign’s software tools which help organizations sign and manage contracts and agreements digitally, instead of using a physical process. The remote and hybrid working trend is likely to continue in the coming quarters, as a highly mutated and apparently much more transmissible new strain of the coronavirus, dubbed Omicron, prompts fears of renewed lockdowns and travel restrictions. That said, the outlook for DocuSign actually looks more positive, in our view. The recent sell-off is likely driven by investors rotating out of high-growth software stocks into value stocks, following rising inflation and an increasingly hawkish stance by the Federal Reserve, which has indicated that could consider speeding up the tapering of its large-scale bond-buying at its next meeting. DocuSign has also been impacted by the broader sell-off in SaaS stocks this year, as investors reduce exposure to high-multiple growth stocks in anticipation of rising rates and tighter monetary policy.ĭocuSign stock (NASDAQ: DOCU) has declined by about 11% over the last month (about 21 trading days), meaningfully underperforming the broader S&P 500 which remains down by about 1% over the same period. A bulk of the sell-off in the stock came in December after the company’s Q3 FY’22 (FY ends January 31) results missed expectations with guidance for Q4 also falling short of estimates, indicating that the big pandemic boom the company witnessed due to the remote working trend was slowing. The stock also remains down by around 60% from its 2021 highs. ![]() Online signature company DocuSign stock (NASDAQ: DOCU) has declined by about 18% over the last month (about 21 trading days), trading at about $119 currently, underperforming the broader S&P 500 which remains down by about 6% over the same period. (Photo Illustration by Rafael Henrique/SOPA Images/LightRocket via Getty Images) SOPA Images/LightRocket via Getty Images !! *Stock price forecasts are predicted by Deep Learning processes by technical analysis, shouldn't been used for investment decision.BRAZIL - 4: In this photo illustration a DocuSign logo seen displayed on a smartphone. This means that this stock is suited as a new addition to your portfolio as trading bullish markets is always a lot easier.ġ year DocuSign price prediction DocuSign Price prediction day by day Calendar date This means that if you invested $100 now, your current investment may be worth 269.787$ on 2024 October 11, Friday. ![]() These predictions take several variables into account such as volume changes, price changes, market cycles, similar stocks.įuture price of the stock is predicted at 115.28017909695$ ( 169.787% ) after a year according to our prediction system. Our site uses a custom algorithm based on Deep Learning that helps our users to decide if DOCU could be a good portfolio addition. stock forecastĪs of 2023 October 11, Wednesday current price of DOCU stock is 42.730$ and our data indicates that the asset price has been in a downtrend for the past 1 year (or since its inception).ĭocuSign stock price has been showing a declining tendency so we believe that similar market segments were not very popular in the given period. 1 year DocuSign Forecast: 115.28017909695 *ĥ year DocuSign Forecast: 674.729 * About the DocuSign, Inc.
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