DocuSign (NASDAQ: DOCU) is primarily an electronic signature services business. Unsurprisingly, it thrived during the lockdown phases of the pandemic when governments placed restrictions on non-essential businesses.
That tailwind is reversing as economic reopening is gaining momentum worldwide. As a result, DocuSign's stock is down 80% off its highs from last year. The lower stock price has many investors curious if it's an excellent time to buy DocuSign stock.
It's clear that the pandemic bolstered the need for businesses to choose DocuSign over putting pen to paper. Although, social distancing is not the only advantage in favor of DocuSign. The company offers convenience to both enterprises and individuals. Signing a document in person could take as little as a few seconds, depending on how many pages need to be signed and the complexity of the contract.
Source Fool.com