(Finance) – The stock is moving up DocumentSign which changes hands in progress of 0.36%.
In the first fiscal quarter, the company active in the electronic signature sector reported useful of 72 cents per share, up from 38 cents a year earlier. Analyst estimates were for 56 cents.
THE revenues they reached 661.4 million against 588.7 million in 2022. The consensus had forecast 641.7 million.
The comparison of the title with the NASDAQ 100on a weekly basis, shows the greatest relative strength of the company that manages the most reliable electronic signature compared to the index, highlighting the concrete attractiveness of the stock by buyers.
Signs of strengthening for short trend with most immediate resistance seen at USD 63.03, with current stage controlling support level estimated at 56.02. The balanced bullish strength of DocumentSign it is supported by the upward crossing of the 5-day moving average over the 34-day moving average. Due to the technical implications assumed, we should see a continuation of the bullish phase towards 70.04.