Technicals Say Couchbase Inc. (BASE) Is Worth Holding


As of Wednesday close, Couchbase Inc.’s (NASDAQ:BASE) stock was up $0.44, moving up 3.61 percent to $12.64. The average number of shares traded per day over the past five days has been 192,500 shares. 5 times new highs have been achieved over the past 5 days, with a $0.60 gain in that time frame. In the last twenty days, the average volume was 229,390, while in the previous 50 days, it was 271,478.

Since last month, BASE stock retreated -1.71%. Shares of the company fell to $10.19 on 11/07/22, the lowest level in the past month. A 52-week high of $34.80 was reached on 01/03/22 after having rallying from a 52-week low of $10.19. Since the beginning of this year, BASE’s stock price has dropped by -49.36% or -$12.32, and marked a new high 1 time. However, the stock has declined by -63.68% since its 52-week high.

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Financial Health

In the three months ended July 30, Couchbase Inc.’s quick ratio stood at 2.70, while its current ratio was 2.70, showing that the company is able to pay off its debt. On the profitability front, the trailing twelve-month gross margin is 87.70% percent. In the year ended July 30, operating margins totaled -44.30%. Based on annual data, BASE earned $108.76 million in gross profit and brought in $123.54 million in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was -31.30%. Return on equity (ROE) for the past 12 months was -36.00%.

According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. BASE’s revenue rose 25.36% to $34.85 million during the quarter, while net income inched up to $39.79 million. While analysts expected Couchbase Inc. to report -$0.28 quarterly earnings, the actual figure was -$0.19 per share, beating the consensus estimate by 32.10%. During the quarter, the company generated -$10.11 million in EBITDA. The liabilities of Couchbase Inc. were 98.38 million at the end of its most recent quarter ended July 30, and its total debt was $8.57 million. The value of shareholders’ equity is $44.79 million.

Technical Picture

This quick technical analysis looks at Couchbase Inc.’s (BASE) price momentum. With a historical volatility rate of 70.20%, the RSI 9-day stood at 57.71% on 23 November.

With respect to its five-day moving average, the current Couchbase Inc. price is up by +4.98% percent or $0.60. At present, BASE shares trade -1.71% below its 20-day simple moving average and -28.75% percent below its 100-day simple moving average. However, the stock is currently trading approximately -10.29% below its SMA50 and -47.16% below its SMA200.

Stochastic coefficient K was 56.79% and Stochastic coefficient D was 47.92%, while ATR was 0.81. Given the Stochastic reading of 67.87% for the 14-day period, the RSI (14) reading has been calculated as 52.60%. As of today, the MACD Oscillator reading stands at -0.02, while the 14-day reading stands at 0.44.


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