monday.com Ltd. (NASDAQ:MNDY) saw a downside of -0.66% to close Friday at $161.07 after subtracting -$1.07 on the day. The 5-day average trading volume is 1,062,880 shares of the company’s common stock. It has gained $175.74 in the past week and touched a new high 1 time within the past 5 days. An average of 766,695 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 705,722.
MNDY’s 1-month performance is -7.21% or -$25.65 on its low of $151.08 reached on 08/08/23. The company’s shares have touched a 52-week low of $73.58 and high of $189.15, with the stock’s rally to the 52-week high happening on 07/19/23. YTD, MNDY has achieved 32.02% or $39.07 and has reached a new high 16 times. However, the current price is down -14.85% from the 52-week high price.
Valuation Metrics
MNDY stock has a beta of 0.81. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 12.53 while the price-to-book (PB) in the most recent quarter is 10.77, with the price to cash flow ratio at 61.06.
monday.com Ltd.’s quick ratio for the period ended June 29 was 2.80, with the current ratio over the same period at 2.80. In terms of profitability, the gross margin trailing 12 months is 88.50%. The firm’s gross profit as reported stood at $452.5 million against revenue of $519.03 million.
Earnings Surprise
For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Net income grew 5.54% to -$136.87 million, while revenue of $0.0 was 100.0% off the previous quarter. Analysts expected MNDY to announce $0.17 per share in earnings in its latest quarter, but it posted $0.41, representing a 141.20% surprise. EBITDA for the quarter stood at more than -$10.0 million. MNDY stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 419.58 million, with total debt at $69.35 million.
Let’s look briefly at monday.com Ltd. (MNDY) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 18 August was 44.50% to suggest the stock is trending Neutral, with historical volatility in this time period at 57.85%.
The stock’s 5-day moving average is $164.21, reflecting a +3.36% or $5.23 change from its current price. MNDY is currently trading -7.01% above its 20-day SMA, +16.54% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -3.86% and SMA200 by+50.62%.
Stochastic %K and %D was 36.63% and 39.24% and the average true range (ATR) pointed at 7.92. The RSI (14) points at 45.04%, while the 14-day stochastic is at 34.47% with the period’s ATR at 8.06. The stock’s 9-day MACD Oscillator is pointing at 3.00 and 0.55 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for monday.com Ltd. (NASDAQ: MNDY), DA Davidson downgraded it to a Neutral rating. They previously had a Buy rating on the stock.
