DocuSign (DOCU) Is Up 34.26% in One Week: What You Should Know

Core Insights - Momentum investing focuses on following a stock's recent price trends, aiming to buy high and sell higher, capitalizing on established price movements [1] - The Zacks Momentum Style Score helps identify stocks with strong momentum, addressing the challenges in defining momentum [2] Company Overview: DocuSign (DOCU) - DocuSign currently holds a Momentum Style Score of A, indicating strong momentum potential [3] - The company has a Zacks Rank of 2 (Buy), which is associated with outperformance in the market [4] Price Performance - Over the past week, DocuSign shares have increased by 34.26%, significantly outperforming the Zacks Internet - Software industry, which rose by 1.93% [7] - In a longer timeframe, shares have risen by 72.11% over the past quarter and 71.16% over the past year, compared to the S&P 500's gains of 10.27% and 32.66%, respectively [8] Trading Volume - DocuSign's average 20-day trading volume is 3,872,210 shares, which serves as a bullish indicator when combined with rising stock prices [9] Earnings Outlook - In the last two months, 7 earnings estimates for DocuSign have been revised upwards, increasing the consensus estimate from $3.45 to$3.52 [11] - For the next fiscal year, there have been 2 upward revisions and 5 downward revisions in earnings estimates [11] Conclusion - Given the strong momentum indicators and positive earnings outlook, DocuSign is positioned as a solid momentum pick with a 2 (Buy) rating and a Momentum Score of A [12]