DOCU - Down 84% Is Docusign a Buy on the Dip?
2024-06-20 05:36:00 ET
Shares of Docusign (NASDAQ: DOCU) are down about 17% from their recent peak in May 2024 and about 84% from their all-time high in late 2021. You wouldn't know it by looking at the company's stock chart, but sales have been rising since the stock price's bottom fell out.
Could Docusign be a smart stock to buy at these beaten-down prices? To find out, it's important to compare the reasons it could outperform over the long run vs. some of its challenges.
Docusign's market capitalization peaked above $61 billion in 2021. This was way too high for a company that had less than $2 billion in annual sales at the time.
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Down 84%, Is Docusign a Buy on the Dip?