monday.com Ltd. (MNDY) looking to reclaim success with recent performance

monday.com Ltd. (NASDAQ: MNDY) stock jumped 4.11% on Wednesday to $99.48 against a previous-day closing price of $95.55. With 0.4 million shares changed hands, the volume of the stock remained lighter than its average volume of 0.65 million shares. During the session, the Software – Application company that operates in wider Technology sector, reached to the highest price of $101.49 whereas the lowest price it dropped to was $95.11. The 52-week range on MNDY shows that it touched its highest point at $373.80 and its lowest point at $73.58 during that stretch. It currently has a 1-year price target of $153.59.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of MNDY was down-trending over the past week, with a drop of -7.89%, but this was down by -9.46% over a month. Three-month performance dropped to -17.53% while six-month performance fell -5.20%. The stock lost -70.97% in the past year, while it has lost -67.78% so far this year. A look at the trailing 12-month EPS for MNDY yields -3.82 with Next year EPS estimates of -1.56. For the next quarter, that number is -0.40. This implies an EPS growth rate of 22.00% for this year and 7.70% for next year.


Float and Shares Shorts:

At present, 45.09 million MNDY shares are outstanding with a float of 30.58 million shares on hand for trading. On Oct 13, 2022, short shares totaled 2.81 million, which was 6.22% higher than short shares on Sep 14, 2022. In addition to Mr. Eran Zinman as the firm’s Co-Founder, Co-CEO, & Director, Mr. Roy Mann serves as its Co-Founder, Co-CEO & Director.

Institutional Ownership:

Through their ownership of 63.99% of MNDY’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 14.07% of MNDY, in contrast to 12.63% held by mutual funds. Shares owned by individuals account for –. As the largest shareholder in MNDY with 4.19% of the stake, Franklin Advisers, Inc. holds 1,887,359 shares worth 1,887,359. A second-largest stockholder of MNDY, T. Rowe Price Associates, Inc., holds 1,309,203 shares, controlling over 2.90% of the firm’s shares. AllianceBernstein LP is the third largest shareholder in MNDY, holding 975,065 shares or 2.16% stake. With a 2.07% stake in MNDY, the T Rowe Price New Horizons Fund is the largest stakeholder. A total of 935,121 shares are owned by the mutual fund manager. The FTIF SICAV – Technology Fund, which owns about 1.63% of MNDY stock, is the second-largest Mutual Fund holder. It holds 735,775 shares valued at 78.68 million. Franklin DynaTech Fund holds 1.05% of the stake in MNDY, owning 475,000 shares worth 50.8 million.


Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for MNDY since 17 analysts follow the stock currently. There are 15 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 2 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With MNDY analysts setting a high price target of $230.00 and a low target of $115.00, the average target price over the next 12 months is $147.94. Based on these targets, MNDY could surge 131.2% to reach the target high and rise by 15.6% to reach the target low. Reaching the average price target will result in a growth of 48.71% from current levels.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. MNDY will report FY 2022 earnings on 02/22/2023. Analysts have provided yearly estimates in a range of -$1.35 being high and -$2.39 being low. For MNDY, this leads to a yearly average estimate of -$1.64. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. monday.com Ltd. surprised analysts by $0.59 when it reported $0.05 EPS against a consensus estimate of -$0.54. The surprise factor in the prior quarter was $0.42. Based on analyst estimates, the high estimate for the next quarter is -$0.12 and the low estimate is -$0.55. The average estimate for the next quarter is thus -$0.39.

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