It’s Again Time To Consider DocuSign, Inc. (DOCU), Raytheon Company (RTN)

DOCU trading volume has lost -864028 shares compared to readings over the past three months as it recently exchanged 1655972 shares. This means there is reduced activity from short-term traders as per session, its average trading volume is 2520000 shares, and this is 0.66 times the normal volume. A look at its technical analysis shows that its 14-day Relative Strength Index (RSI) is in a neutral zone after reaching 56.61 point.

DocuSign, Inc. (NASDAQ:DOCU) climbed by 7.09% over the past three months which led to its overall six-month decrease to stand at -21.47%. The equity price rose 6.31% this week, a trend that has led to both investors and traders taking note of the stock. A look at its monthly performance shows that its shares have recorded a 4.37% gain over the past 30 days. Over the past 12 months the stock has embarked on a drop that has seen it decline 0% and is now up by 8.48% since start of this year.

The shares of DocuSign, Inc. dropped by -36.39% or -$24.87 from its last recorded high of $68.35 which it attained on August 28 to close at $43.48 per share. Over the past 52 weeks, the shares of DocuSign, Inc. has been trading as low as $35.06 before witnessing a massive surge by 24.02% or $8.42. This price movement has led to the DOCU stock receiving more attention and has become one to watch out for. It dipped by -1.25% on Sunday and this got the market worried. The stock’s beta now stands at 0 and when compared to its 200-day moving average and its 50-day moving average, DOCU price stands -11.88% below and 5.38% above respectively. Its average daily volatility for this week is 4.22% which is less than the 4.66% recorded over the past month.

Experts from research firms are bullish about the near-term performance of DocuSign, Inc. (DOCU) with most of them predicting a $57.44 price target on a short-term (12 months) basis. The average price target by the analysts will see a 32.11% rise in the stock and would lead to DOCU’s market cap to surge to $9.61B. The stock has been rated an average 2.3, which roughly stands towards the bearish end of the spectrum. Reuters looked into the 10 analysts that track DocuSign, Inc. (NASDAQ:DOCU) and find out that 5 of them rated it as a Hold. 5 of the 5 analysts rated it as a Buy or a Strong Buy while 0 advised investors to desist from buying the stock or sell it if they already possess it.

The price of Raytheon Company (NYSE:RTN) currently stands at $159.17 after it went down by $-0.41 or -0.26% and has found a strong support at $157.4 a share. If the RTN price drops below that critical support, then it would lead to a bearish trend. In the short-term, a dip below the $155.64 mark would also be bad for the stock as it means that the stock would plunge by 2.22% from its current position. However, if the stock price is able to trade above the resistance point around $160.12, then it could likely surge higher to try and break the upward resistance which stands at $161.08 a share. Its average daily volatility over the past one month stands at 2.66%. The stock has plunged by 1.62% from its 52-weeks high of $156.59 which it reached on Apr. 24, 2018. In general, it is 9.36% above its 52-weeks lowest point which stands at $144.27 and this setback was observed on Dec. 26, 2018.

Analysts have predicted a price target for Raytheon Company (RTN) for 1 year and it stands at an average $211.47/share. This means that it would likely increase by 32.86% from its current position. The current price of the stock has been moving between $156.59 and $159.31. Some brokerage firms have a lower target for the stock than the average, with one of them setting a price target as low as $182. On the other hand, one analyst is super bullish about the price, setting a target as high as $259.

The RTN stock Stochastic Oscillator (%D) is at 94.56%, which means that it is currently overbought and its prices could dip very soon. The shares P/S ratio stands at 1.71 which compares to the 2.33 recorded by the industry or the 2.14 by the wider sector. The stock currently has an estimated price-earnings (P/E) multiple of 13.46, which is lower than the 17.36 multiple of 12-month price-earnings (P/E). The company’s earnings have gone up, with a quarterly increase rate of 5.9% over the past five years.

Analysts view Raytheon Company (NYSE:RTN) as a Buy, with 1.8 consensus rating. Reuters surveyed 18 analysts that follow RTN and found that 5 of those analysts rated the stock as a Hold. The remaining 13 were divided, with 13 analyst rating it as a Buy or a Strong Buy while 0 analysts advised investors to desist from buying Raytheon Company (RTN) shares or sell it if they already own it.