DocuSign stock ( NASDAQ:DOCU ) has seen one of the most spectacular falls from grace during the 2022 bear market. The stock ( NASDAQ:DOCU ) price of the e-signature software vendor has returned to pre-COVID levels after rising over $300 a year ago.
With the stock falling back to its IPO level from April 2018 , investors may want to get on board for the possible next journey higher. DocuSign’s slogan may be “growth at a reasonable price,” but with further downside conceivable in a depressed market, an even more affordable price may appear down the line. That being stated, will DocuSign be unavailable indefinitely?
Market Analysis of DocuSign Stock
DocuSign has been unable to capitalize on its exceptional fiscal 2022 growth, and subsequent profitability data has decreased year over year. Following a year of quarterly EPS gains of 267%, 176%, 164%, and 30%, the bottom line plummeted 14% and 6% in Q1 and Q2, respectively. Slowing growth is one thing, but negative growth might be more challenging to justify to the market.
Things are expected to deteriorate more in the second half. Wall Street expects DocuSign to announce EPS declines of 28% and 15% in the following two quarters. Analysts expect a return to growth in the first quarter of fiscal 2024, but from a worse foundation than in fiscal 2023.
The Fundamentals Have Slackened
Due to DocuSign’s failure to reach that next gear of development,
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