A Few Bright Spots In Monday.Com Ltd (NASDAQ: MNDY)

Monday.Com Ltd (NASDAQ:MNDY) currently has a daily average trading volume of 777.37K but it saw 4415798 shares traded in last market. With a market cap of 10.80B USD, the company’s current market price of $220.72 came rising about 21.37 while comparing to the previous closing price of $181.86. In past 52 weeks, the stock remained buoying in the range of price level as high as $239.22 and as low as $122.13.

Taking a look at 20-day trading activity of Monday.Com Ltd (MNDY) gives us an average price of $187.75, while its current price level is -7.73% below from 52-week high level whereas it is 80.73% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $204.58 while that of 200 days or SMA-200 reads an average of $182.98. A closer look into the stock’s movement over the week reveals that its volatility is standing at 2.81% during that period while stretching the period over a month that increases to 3.76%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 67.92 which implies that the stock is in neutral territory.

The company’s shares got several price updates from the analyst firms in past one month and most recent of them is from the Citigroup which downgraded the stock as “Neutral” in its note to investors issued on April 10, 2024, recommending a price target of between $277 and $250 for it. KeyBanc Capital Markets issued its recommendations for the stock as it initiated the price target for the stock is $275.

Over the week, MNDY’s stock price is moving 18.49% up while it is 17.45% when we observe its performance for the past one month. Year-to-date it is 17.52% up and over the past year, the stock is showing an upside performance of 44.45%.

The latest quarterly earnings report issued by the company reported quarterly earnings per share (EPS) of 0.14 beat the consensus estimate of -0.28 for the same. In next quarter, company is expected to be making quarterly sales of $225.1M as analysts are expecting the sales for current fiscal year at $935.28M and seeing the company making $1.19B in sales next year. Moreover, analysts are in estimates of $210.42M for current-quarter revenue.

Currently, Monday.Com Ltd’s total number of outstanding shares is 48.92M. Company’s return on investment (ROI) stands at -0.21% and return on equity (ROE) at 2.56%. It has a 79.40 of forward P/E ratio. Stock’s beta reads 1.20. Stock has a price to book (P/B) ratio of 12.62 while price to sale or P/S ratio amounts to 13.77. Its return on asset (ROA) is 1.60% on average.