HI there,
We like Docebo (DCBO) quite a bit. In fact, it is on our watchlist and I own the company. It has been very volatile as of late, which is normal for high-growth stocks when the markets become unsettled. We've seen the markets take some steep dives near the end of last week.
The company has a bright future and recently did a share offering at $50.00 per share. Typically, high growth stocks will issue shares to fund their growth profile as they don't have access to enough debt. When DCBO spiked post earnings, they took full advantage.
We think the stock looks attractive anywhere around that $50 level. However, this is only for investors with an agressive risk profile. As mentioned, the company is volatile and it is currently trading at 15 times forward sales and 50 times book value - at the higher end of the industry. Granted, it has one of the highest expected growth rates in the industry. The company is expected to grow earnings and revenue by an average of 104% and 42% over the next couple of years. Despite this, there is still potential downside if the tech industry cools off in a meaningful way.
Regards,
Mat