As of Thursday close, Mondee Holdings Inc.’s (NASDAQ:MOND) stock was down -$1.55, moving down -30.82 percent to $3.48. The average number of shares traded per day over the past five days has been 894,860 shares. 2 times new highs have been achieved over the past 5 days, with a -$3.14 fall in that time frame. In the last twenty days, the average volume was 338,260, while in the previous 50 days, it was 238,708.
Since last month, MOND stock retreated -46.63%. Shares of the company fell to $3.41 on 09/21/23, the lowest level in the past month. A 52-week high of $14.25 was reached on 03/16/23 after having rallying from a 52-week low of $4.90. Since the beginning of this year, MOND’s stock price has dropped by -68.02% or -$7.40, and marked a new high 10 times. However, the stock has declined by -75.58% since its 52-week high.
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MOND stock investors should be aware that Mondee Holdings Inc. (MOND) stock had its last reported insider trading activity 30 days ago on Aug 23. Gundumogula Prasad, the Chief Executive Officer of the company, purchased of 20,000 shares for $6.36 on Aug 23. It resulted in a $127,200 investment by the insider. Gundumogula Prasad added 10,000 shares at an average price of $6.53 on Aug 22. The insider now owns 9,881,494 shares following the transaction. On Aug 21, Chief Executive Officer Gundumogula Prasad bought 5,000 shares at $6.74 apiece. The transaction was valued at $33,700.
Financial Health
In the three months ended June 29, Mondee Holdings Inc.’s quick ratio stood at 1.20, while its current ratio was 1.20, showing that the company is able to pay off its debt. In the year ended June 29, EBITDA margin amounted to -32.60%, whereas operating margins totaled -41.80%. Based on annual data, MOND earned $225.79 million in gross profit and brought in $159.48 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 -61.20%. Return on equity (ROE) for the past 12 months was 455.00%.
In Mondee Holdings Inc.’s quarter-end financial report for June 29, it reported total debt of $0.2 million. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. MOND’s revenue rose 100.0% to $49.93 million during the quarter, while net income inched up to $56.77 million. While analysts expected Mondee Holdings Inc. to report -$0.1 quarterly earnings, the actual figure was -$0.22 per share. During the quarter, the company generated $42000.0 in EBITDA. The liabilities of Mondee Holdings Inc. were 324.97 million at the end of its most recent quarter ended June 29, and its total debt was $163.21 million. The value of shareholders’ equity is $84.24 million.
Technical Picture
This quick technical analysis looks at Mondee Holdings Inc.’s (MOND) price momentum. With a historical volatility rate of 211.26%, the RSI 9-day stood at 18.64% on 21 September.
With respect to its five-day moving average, the current Mondee Holdings Inc. price is down by -47.43% percent or -$3.14. At present, MOND shares trade -45.88% below its 20-day simple moving average and -66.38% percent below its 100-day simple moving average. However, the stock is currently trading approximately -52.33% below its SMA50 and -55.27% below its SMA200.
Stochastic coefficient K was 13.95% and Stochastic coefficient D was 38.63%, while ATR was 0.66. Given the Stochastic reading of 1.87% for the 14-day period, the RSI (14) reading has been calculated as 23.63%. As of today, the MACD Oscillator reading stands at -1.12, while the 14-day reading stands at -1.25.
Analyst Ratings
JMP Securities launched its rating on Mondee Holdings Inc. (NASDAQ: MOND) to a Mkt outperform in a note to investors on June 27, 2023. Mondee Holdings Inc. (MOND) has been rated Buy by analysts. According to 0 brokerage firms, MOND is a sell, and 0 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Mondee Holdings Inc. stock as buy, with 4 recommending it as overweight.
With a median target price of $10.00, the current consensus forecast for the stock is $9.00 – $11.00. Based on these forecasts, analysts predict Mondee Holdings Inc. (MOND) will achieve an average price target of $10.00.
