Monday.Com Ltd (NASDAQ:MNDY) traded at $245.77 at last check on Wednesday, May 22, made an upward move of 1.79% on its previous day’s price.
Looking at the stock we see that its previous close was $241.45. The company has a trailing 12-month PE ratio of 655.92. In terms of its 52-week price range, MNDY has a high of $244.16 and a low of $122.13. The company’s stock has gained about 33.00% over that past 30 days.
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Monday.Com Ltd has a market cap of $12.02 billion. Estimates by analysts give the company expected earnings per share (EPS) of $0.56, with the EPS growth for the year raised at $2.34 for 2024 and $2.92 for next year. These figures represent 26.50% and 24.80% growth in EPS for the two years respectively.
Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at $229.11 million, with a low of $227.5 million and a high of $232.1 million. The median projection represents growth squeezing down to 30.40% compared to sales growth for the corresponding quarter a year ago. According to analyst consensus estimates figures, the company’s yearly revenue forecast for 2024 is expected to hit $948.08 million, or 29.90% up from figures reported last year.
There have been 16 upward and no downward revisions for the stock’s EPS in last 7 days, something that reflects the nature of company’s price movement in short term. On the other hand, looking at the outlook for the MNDY stock, short term indicators assign the stock an average of Hold, while medium term indicators assign it an average of 50% Buy. Long term indicators on average place the stock in the category of 100% Buy.
Looking further, we note the current price level is 24.34% off its SMA20 and 19.68% from its 50-day simple moving average. The RSI (14) is pointing at 76.96 while the volatility over the past week is 5.01% and jumps to 3.90% over the past one month. The beta value is 1.34, while the average true range (ATR) is currently pointing at 9.95.
Coming back to Monday.Com Ltd (NASDAQ:MNDY), we note that the average 3-month trading volume was 838.17K. Current shares outstanding are 48.92 million.
The insiders hold 28.60% of the company’s shares while institutions hold 69.79%. Investors should be excited about this stock as its upside potential is great, with today’s price pushing the stock 30.86% up in year-to-date price movement.
