Investors may be getting ready to review the most recent company earnings reports. Digging down into the numbers may help provide a good idea of how the company is set up for the foreseeable future. After a recent scan, we can see that the current quarter EPS consensus estimate for DocuSign Inc. (:DOCU) is 0.02. This EPS estimate is using estimates provided by 5 sell-side analysts polled by Zacks Research. For the previous reporting period, the company posted a quarterly EPS of 0.07. Investors and analysts will be closely watching to see what kind of impact the earnings results have on the stock after the next report.
Many investors pay close attention to historical price movements when analyzing stocks. They may also take a deeper look into which sectors have been the best performers over the same time frame. Everyone seems to have an opinion on which way the market will move in the near-term. With the stock market still moving higher, many stock picks may still look really good. Reviewing specific stocks in the portfolio may help scout out the ones that may only be higher because of overall market levels. Predicting the next market shift is usually near impossible. Having the right stocks in the portfolio can help ease the investor’s mind no matter what the next few months brings in terms of volatility.
Looking further at shares of DocuSign Inc. (:DOCU), we have noticed that the current consensus target price is $64. Wall Street analysts have the ability to create price target estimates for where they think the stock will be moving in the near-term. Because price target projections can differ from one analyst to the next, they may span a wide range of values. Many investors will closely track target prices, and they tend to pay extra close attention when analysts make revisions to those targets.
Wall Street analysts often give buy/sell/hold ratings for the companies that they track. Investors have the ability to view these sell-side ratings in order to help with their own stock research. Analyst ratings may have different interpretations. According to analysts polled by Zacks Research, the current average broker rating on shares of DocuSign Inc. (:DOCU) is 1.5. This rating uses a scale between 1 and 5. Following this scale, a rating of 1 would represent a Strong Buy, and a rating of 5 would indicate a Strong Sell recommendation. Out of all these analysts offering ratings, 6 have rated the stock a Strong Buy or Buy, according to Zacks Research.
Shifting the focus to some possible support and resistance levels on shares of DocuSign Inc. (:DOCU), we note that the 52-week high is currently $67.87, and the 52-week low is currently $37.41. When shares are trading near to the 52-week high or 52-week low, investors may be watching for a break through either level. Investors may also be watching historical price action. Over the past 12 weeks, the stock has moved -8.79%. Going back to the start of the year, we can see that shares have moved 21.76%. Over the last 4 weeks, shares have seen a change of -5.52%. Over the last 5 trading days, the stock has moved -6.99%. Checking in on recent session activity, we have seen that the stock has been trading near the $48.8 mark.
Diversification can be an important aspect of any investor’s portfolio. Investors may choose to spread out stock holdings between foreign stocks and stocks with different market capitalizations. Investors may have to first become aware of the risk associated with owning a wide variety of stocks. Owning stocks that belong to different industries may also be a help to the success of the portfolio. Often times, sectors may trade off being market leaders. Owning all one sector may leave too much risk exposed if the sector suddenly tanks and falls out of favor with investors. Investors may need to occasionally do a strategic review of the equity portion of the portfolio. Knowing exactly what is held may help the investor when the time comes to make some adjustments.