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Should You Consider Holding DocuSign (NASDAQ: DOCU) Right Now?

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Shares of DocuSign, Inc. (NASDAQ: DOCU), a cloud-based software provider were already moving with the fast speed, having gained 20% on Tuesday. It has entered into the queue of top performers after Zoom Media Communication has disclosed it has recorded the huge gain in its July earning as the revenue topped expectations.

Companies which are offering technologies enabling remote businesses saw a surge in its earning as the demands of remote work is increasing due to the COVID-19 pandemic. DocuSign is also due to reports its July quarter earnings on Thursday.

DocuSign Inc. (DOCU) shares went up 20.54% after gaining +45.80 on Tuesday. It has opened at $240.68 and has a closing price of $268.80. DOCU had recorded the trading volume of roughly 20.85 million as compared to the average volume of 5.16 million.

In the past 52-weeks of trading, this company’s stock has fluctuated between the low of $45.52 and a high of $229.83. It has traded up 490.51% and 16.96% from its 52-weeks low and 52-weeks high. Its market cap remained high, hitting $49.22 billion at the time of writing.

If we turn our focus at DOCU’s profitability, it has a return on assets (ROA) of -11.40%, return on equity (ROE) is -38.20%, and return on investment (ROI) is -19.60%. The Gross Margin of DocuSign is 74.90%, Profit Margin of -19.90%, and an Operating Margin of -18.30%.  Focusing on DOCU liquidity, it has a current ratio of 1.40. Likewise, its quick ratio is also 1.40.

DocuSign has earlier disclosed that it has named Kamal Hathi, a former Microsoft and Tech Industry veteran as its new Chief Technology Officer (CTO). The decision has been taken to support the expansion of DocuSign Agreement Cloud. Kamal Hathi will utilize his expertise in the development and completion of the technology roadmap of DocuSign.

DocuSign is amongst those rare companies that are striving to help people with its platform and changed the way how people work together in the critical areas of life and businesses. Docu is considered to be a leader in the e-signature market.

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