DocuSign (DOCU) shares fell nearly 42% on December 3, and reached a 52-week low at $131.51 The company’s market dominance and consistent product- and service solutions can help the stock recover. Let’s see what happens. Cloud-based software provider DocuSign, Inc., (NASDAQ: DOCU), is best known for its Agreement Cloud and DocuSign eSignature solutions. The company, which is based in San Francisco, saw a huge demand for its solutions during the COVID-19 pandemic and the increased remote working culture. The stock’s price has fallen 52.3% over the past month, closing Friday’s trading session with $135.09 after falling to $131.51, its 52-week lowest point.

DOCU’s fiscal third quarter revenue, which ended October 31, 2021 at $545.46m, saw an increase of 42.4% year over year. Its net loss was $5.68 million, compared with $58.49 millions in the previous year. Its billings were $565.20million, an increase of 28% year-overyear. The stock fell 42% on Friday. This was its largest ever decline. It is now worried about slowing demand for electronic signatures as businesses return to work.

The company’s revenue guidance and billings were not in line with expectations. Wall Street was disappointed with the company’s fourth-quarter revenue projection of $557 million to $563 million. Numerous analysts have downgraded DOCU’s ratings. Additionally, the stock’s popularity has dropped among hedge funds. The near-term prospects of DOCU are uncertain.