monday.com Ltd. (MNDY): What Analysts Say?

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The stock of monday.com Ltd. (NASDAQ:MNDY) increased by $1.64 on Friday to finish at $130.34, up 1.27 percent. The last five days have seen an average of 476,360 shares of common stock traded. 1 time new highs were reached in the current year, with a fall of -$178.38. The average number of shares traded over the last 20 days was 555,930, while the average volume over the last 50 days totaled 580,476.

MNDY stock dropped -7.70% since last month. On 09/01/22, the company’s shares reached a one-month low of $104.15. The stock touched a high of $450.00 on 01/03/22, after rallying from a low of $85.75 in 52 weeks. The price of MNDY stock has declined by -57.78% or -$178.38 this year, reaching a new high 1 time. Still, the stock price is down -71.04% from the 52-week high.


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Financial Health

For the three months ended March 30, monday.com Ltd.’s quick ratio was 3.20, while its current ratio was 3.20, indicating its ability to pay off its debt. As far as profitability goes, gross margin for the trailing twelve months is 87.00% percent. monday.com Ltd.’s operating margin stood at -42.50% for the same period. Based on annual data, it had gross profit of $269.14 million and revenue of $308.15 million.

Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. MNDY’s return on assets (ROA) during the last 12 months has been -18.40%. There was a -18.30% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was -25.60%.

Earnings Surprise

According to monday.com Ltd.’s quarterly financial report for the quarter that ended March 30. A higher net income was reported in the quarter under review than the previous quarter. It was predicted that monday.com Ltd.’s quarterly earnings would be -$0.96, but it ended up being -$1.02, beating the consensus by 5.90%. EBITDA was -$66.37 million for the quarter. At the end of monday.com Ltd.’s most recent quarter ended March 30, its liabilities totaled 297.39 million, while its total debt was $61.83 million.

Technical Picture

Here’s a quick look at monday.com Ltd.’s (MNDY) price momentum from a technical perspective. As of 09 September, the RSI 9-day stood at 66.79%, suggesting the stock is Neutral, with a 61.02% historical volatility rate.

The stochastic %K and %D were 76.93% and 51.28% respectively, while the average true range (ATR) was 7.70. Based on the 14-day stochastic reading of 94.04%, the RSI (14) reading is 60.50%. On the 9-day MACD Oscillator, the stock is at 8.73, and the 14-day reading is at 7.42.

Analyst Ratings

In its analyst report released on September 01, 2022, Citigroup began covering monday.com Ltd. (NASDAQ: MNDY). The stock was rated as a Buy by the brokerage firm. Analysts have assigned monday.com Ltd. (MNDY) an Buy rating. MNDY is a stock that is recommended for selling by 0 brokerage firms, while 2 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 0 rates it overweight and 10 others recommend it as a buy.

What is MNDY’s price target for the next 12 months?

The current consensus forecast for the stock is between $140.00 and $240.00, with a median target price of $175.00. In analyzing these forecasts, the average price target given by analysts for monday.com Ltd. (MNDY) is $183.27.

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