Monday.Com Ltd (NASDAQ:MNDY) shares, rose in value, with the stock price up by 2.81% to the previous day’s close as strong demand from buyers drove the stock to $190.40.
Actively observing the price movement in the last trading, the stock closed the session at $185.20. The value of beta (5-year monthly) was 1.17. Referring to stock’s 52-week performance, its high was $239.22, and the low was $108.35. On the whole, MNDY has fluctuated by -16.07% over the past month.
With the market capitalization of Monday.Com Ltd currently standing at about $9.31 billion, investors are eagerly awaiting this quarter’s results, scheduled for May 13, 2024 – May 28, 2024.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that MNDY’s technical picture suggests that short-term indicators denote the stock is a 50% Sell on average. However, medium-term indicators have put the stock in the category of 50% Buy while long-term indicators on average have been pointing out that it is a 50% Buy.
The stock’s technical analysis shows that the PEG ratio is about 0, with the price of MNDY currently trading nearly -4.60% and -10.49% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 41.09, while the 7-day volatility ratio is showing 3.61% which for the 30-day chart, stands at 3.78%. Furthermore, Monday.Com Ltd (MNDY)’s beta value is 1.24, and its average true range (ATR) is 7.87.
A comparison of Monday.Com Ltd (MNDY) with its peers suggests the former has fared considerably weaker in the market. MNDY showed an intraday change of 2.81% in last session, and over the past year, it grew by 53.93%%.
Data on historical trading for Monday.Com Ltd (NASDAQ:MNDY) indicates that the trading volumes over the past 3 months, they’ve averaged 837.71K. According to company’s latest data on outstanding shares, there are 48.92 million shares outstanding.
Nearly 32.26% of Monday.Com Ltd’s shares belong to company insiders and institutional investors own 68.31% of the company’s shares. The stock has risen by 1.38% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the MNDY stock heading into the next quarter.
