Monday.Com Ltd (NASDAQ: MNDY) stock jumped 0.68% on Friday to $169.70 against a previous-day closing price of $168.55. With 0.78 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.69 million shares. The 52-week range on MNDY shows that it touched its highest point at $189.15 and its lowest point at $90.01 during that stretch. It currently has a 1-year price target of $201.93. Beta for the stock currently stands at 1.07.
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 up-trending over the past week, with a rise of 21.11%, but this was up by 22.19% over a month. Three-month performance surged to 2.43% while six-month performance rose 13.30%. The stock gained 57.13% in the past year, while it has gained 39.10% so far this year. A look at the trailing 12-month EPS for MNDY yields -0.34 with Next year EPS estimates of 1.84. For the next quarter, that number is 0.32. This implies an EPS growth rate of 302.84% for this year and 24.36% for next year.
Float and Shares Shorts:
At present, 47.74 million MNDY shares are outstanding with a float of 27.45 million shares on hand for trading. On Oct 30, 2023, short shares totaled 1.78 million, which was 3.68% higher than short shares on Sep 28, 2023. 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.
Through their ownership of 74.21% of MNDY’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 27.97% of MNDY, in contrast to 24.93% held by mutual funds. As the largest shareholder in MNDY with 6.71% of the stake, T. Rowe Price Associates, Inc. holds 3,205,056 shares worth 3,205,056. A second-largest stockholder of MNDY, Franklin Advisers, Inc., holds 1,872,875 shares, controlling over 3.92% of the firm’s shares. Voya Investment Management Co. LL is the third largest shareholder in MNDY, holding 1,636,621 shares or 3.43% stake. With a 4.90% stake in MNDY, the T Rowe Price New Horizons Fund is the largest stakeholder. A total of 2,340,938 shares are owned by the mutual fund manager. The Allianz Global Investors Fund – A, which owns about 1.89% of MNDY stock, is the second-largest Mutual Fund holder. It holds 903,020 shares valued at 117.38 million. Franklin DynaTech Fund holds 1.68% of the stake in MNDY, owning 800,000 shares worth 103.99 million.
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for MNDY since 0 analysts follow the stock currently. 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 $270.00 and a low target of $180.00, the average target price over the next 12 months is $201.93. Based on these targets, MNDY could surge 59.1% to reach the target high and rise by 6.07% to reach the target low. Reaching the average price target will result in a growth of 18.99% from current levels.