In the last trading session, 1.39 million Monday.Com Ltd (NASDAQ:MNDY) shares changed hands as the company’s beta touched 1.08. With the company’s per share price at $172.59 changed hands at $2.89 or 1.70% during last session, the market valuation stood at $8.24B. MNDY’s last price was a discount, traded about -9.59% off its 52-week high of $189.15. The share price had its 52-week low at $90.01, which suggests the last value was 47.85% up since then. When we look at Monday.Com Ltd’s average trading volume, we note the 10-day average is 1.33 million shares, with the 3-month average coming to 690.87K.
Analysts gave the Monday.Com Ltd (MNDY) stock a consensus recommendation rating of a Buy, calculated at a mean rating of 1.25. If we narrow down to specifics, the data shows that 0 out of 16 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 2 recommended MNDY as a Hold, 14 felt it is a Buy and 0 rated the stock as Underweight. Monday.Com Ltd’s EPS for the current quarter is expected to be $0.32.
Monday.Com Ltd (NASDAQ:MNDY) trade information
Instantly MNDY was in green as seen at the end of in last trading. With action 11.47%, the performance over the past five days has been green. The jump to weekly highs of 173.85 on Monday, 11/20/23 added 1.70% to the stock’s daily price. The company’s shares are showing year-to-date upside of 41.47%, with the 5-day performance at 11.47% in the green. However, in the 30-day time frame, Monday.Com Ltd (NASDAQ:MNDY) is 30.74% up. Looking at the short shares, we see there were 1.78 million shares sold at short interest cover period of 2.63 days.
The consensus price target for the stock as assigned by Wall Street analysts is $201.93, meaning bulls need an upside of 14.53% from its current market value. According to analyst projections, MNDY’s forecast low is $180.00 with $270.00 as the target high. To hit the forecast high, the stock’s price needs a -56.44% plunge from its current level, while the stock would need to soar -4.29% for it to hit the projected low.
Monday.Com Ltd (MNDY) estimates and forecasts
Data shows that the Monday.Com Ltd share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot 14.49% over the past 6 months, a 235.62% in annual growth rate that is considerably higher than the industry average of 18.30%. Moreover, analysts have looked to lower expectations by upgrading its fiscal year 2023 revenue estimates. The rating firms predict current quarter revenue for Monday.Com Ltd will fall -27.30%, while the growth in revenue is estimated to hit 107.10% for the next quarter. Year-over-year growth is forecast to reach 39.50% up from the last financial year.
Consensus estimates given by 14 financial analysts project the company’s revenue in the current quarter to hit an average of $197.43 million. 12 analysts are of the opinion that Monday.Com Ltd’s revenue for the quarter ending Mar 2024 will be $207.93 million. The company’s revenue for the corresponding quarters a year ago was $149.92 million and $162.26 million respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 31.70%. The estimates for the next quarter sales put growth at 28.10%.
The 2023 estimates are for Monday.Com Ltd earnings to increase by 302.84%.
Monday.Com Ltd is expected to release its next quarterly earnings report between February 12 and February 27.