Docusign Stock Tumbled 20% – Opportunity or Trap?

DOCU: Docusign logo
DOCU
Docusign

Docusign (DOCU) stock has fallen by 20.1% in less than a month, from $85.01 on 9/18/2025 to $67.91 now. Should you buy this dip? Dip buying is a viable strategy for quality stocks that have a history of recovering from dips.

As it turns out, DOCU stock passes basic quality checks. But the bad news it that the stock has returned (median) -26% in one year, and 31% as peak return following sharp dips (>30% in 30 days) historically. For quick background, DOCU provides e-signature and contract lifecycle management solutions that digitally prepare, sign, manage agreements, and automate workflows, delivered via direct, partner-assisted, and web-based sales.

For details on stock fundamentals and assessment: Read Buy or Sell Docusign Stock to see the full picture.

DOCU stock has fallen meaningfully recently and we currently find it fairly priced. This may feel like a caution, and there is significant risk in relying on a single stock. However, there is a huge value to a broader diversified approach. If you seek an upside with less volatility than holding an individual stock, consider the High Quality Portfolio (HQ) – HQ has outperformed its benchmark – a combination of S&P 500, Russell, and S&P midcap index, and achieved returns exceeding 105% since its inception. Risk management is key – consider, what could long-term portfolio performance be if you blended 10% commodities, 10% gold, and 2% crypto with HQ’s performance metrics.

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Historical Median Returns Post Dips

Period Past Median Return
1M 14.3%
3M -1.3%
6M -12.5%
12M -26.0%

Historical Dip-Wise Details

DOCU had 5 events since 1/1/2010 where the dip threshold of -30% within 30 days was triggered

  • 31% median peak return within 1 year of dip event
  • 30 days is the median time to peak return after a dip event
  • -42% median max drawdown within 1 year of dip event

 

30 Day Dip DOCU Subsequent Performance
Date DOCU SPY 1Y Peak
Return
Max
Drop
# Days
to Peak
Median -26% 31% -42% 30
9262022 -30% -14% -20% 31% -23% 129
5092022 -32% -12% -27% 31% -42% 30
3112022 -32% -3% -26% 50% -47% 24
12032021 -52% -0% -69% 16% -71% 20
10082018 -34% 1% 55% 50% -13% 364

Docusign Passes Basic Financial Quality Checks

Revenue growth, profitability, cash flow, and balance sheet strength need to be evaluated to reduce the risk of a dip being the sign of a deteriorating business situation.

Quality Metrics Value Quality Check
Revenue Growth (LTM) 8.3% Pass
Revenue Growth (3-Yr Avg) 9.8% Pass
Operating Cash Flow Margin (LTM) 33.6% Pass
Leverage (see below) Pass
=> Interest Coverage Ratio 134.6
=> Cash To Interest Expense Ratio 389.5

Dip buying, while attractive, needs to be evaluated carefully from multiple angles. Such multi-factor analysis is exactly how we construct Trefis portfolio strategies. If you want upside with a smoother ride than an individual stock, consider the High Quality portfolio, which has outperformed the S&P, and clocked >91% returns since inception.