It makes sense and dollars to buy Monday.Com Ltd (MNDY) stock

With 0.51 million shares changed hands, the volume of the stock remained lighter than its average volume of 0.93 million shares. The 52-week range on MNDY shows that it touched its highest point at $342.64 and its lowest point at $180.66 during that stretch. It currently has a 1-year price target of $345.87. Beta for the stock currently stands at 1.31.

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 1.65%, but this was up by 29.03% over a month. Three-month performance surged to 6.17% while six-month performance fell -4.76%. The stock gained 44.80% in the past year, while it has gained 19.64% so far this year. A look at the trailing 12-month EPS for MNDY yields 0.60 with Next year EPS estimates of 4.39. For the next quarter, that number is 0.70. This implies an EPS growth rate of -2.41% for this year and 28.59% for next year.

Float and Shares Shorts:

At present, 50.77 million MNDY shares are outstanding with a float of 38.60 million shares on hand for trading.

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 1 suggest SELL ratings. Of the remaining analysts, 1 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.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of $3.24562 being high and $3.17528 being low. For MNDY, this leads to a yearly average estimate of $3.21547.