Valued at a market cap of $16.8 billion, DocuSign (DOCU) is an e-signature company that gained massive traction during the COVID-19 pandemic, driving the stock toward record highs in August 2021. However, due to a challenging macro environment and slowing revenue growth, the tech stock now trades 73% below all-time highs.
This means DOCU stock has returned less than 20% since its initial public offering (IPO) five years ago. However, the tech stock has almost doubled over the past 52 weeks, thanks to improving profit margins and steady top-line growth.
