Monday.Com Ltd (MNDY) Shares Soar Above 1-Year High

Monday.Com Ltd (NASDAQ: MNDY)’s stock price has gone rise by 4.89 in comparison to its previous close of 285.02, however, the company has experienced a 4.76% increase in its stock price over the last five trading days. businesswire.com reported 2024-12-05 that NEW YORK & TEL AVIV, Israel–(BUSINESS WIRE)–monday.com Named a 2024 Gartner® Magic Quadrant™ Leader for Collaborative Work Management.

Is It Worth Investing in Monday.Com Ltd (NASDAQ: MNDY) Right Now?

Monday.Com Ltd (NASDAQ: MNDY) has a higher price-to-earnings ratio of 730.21x compared to its average ratio. MNDY has 36-month beta value of 1.24. Analysts have mixed views on the stock, with 12 analysts rating it as a “buy,” 8 as “overweight,” 5 as “hold,” and 0 as “sell.”

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The public float for MNDY is 37.98M, and currently, short sellers hold a 7.71% ratio of that float. The average trading volume of MNDY on December 06, 2024 was 617.25K shares.

MNDY’s Market Performance

The stock of Monday.Com Ltd (MNDY) has seen a 4.76% increase in the past week, with a -5.40% drop in the past month, and a 22.28% gain in the past quarter. The volatility ratio for the week is 5.03%, and the volatility levels for the past 30 days are at 4.77% for MNDY. The simple moving average for the past 20 days is 6.99% for MNDY’s stock, with a 23.53% simple moving average for the past 200 days.

Analysts’ Opinion of MNDY

Many brokerage firms have already submitted their reports for MNDY stocks, with Scotiabank repeating the rating for MNDY by listing it as a “Sector Outperform.” The predicted price for MNDY in the upcoming period, according to Scotiabank is $325 based on the research report published on November 19, 2024 of the current year 2024.

DA Davidson, on the other hand, stated in their research note that they expect to see MNDY reach a price target of $300. The rating they have provided for MNDY stocks is “Neutral” according to the report published on November 12th, 2024.

CapitalOne gave a rating of “Overweight” to MNDY, setting the target price at $325 in the report published on October 10th of the current year.

MNDY Trading at 4.90% from the 50-Day Moving Average

After a stumble in the market that brought MNDY to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -8.01% of loss for the given period.

Volatility was left at 4.77%, however, over the last 30 days, the volatility rate increased by 5.03%, as shares sank -5.81% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +9.87% upper at present.

During the last 5 trading sessions, MNDY rose by +5.14%, which changed the moving average for the period of 200-days by +44.52% in comparison to the 20-day moving average, which settled at $279.47. In addition, Monday.Com Ltd saw 59.18% in overturn over a single year, with a tendency to cut further gains.

Insider Trading

Reports are indicating that there were more than several insider trading activities at MNDY starting from Zinman Eran, who proposed sale 76,000 shares at the price of $280.80 back on Dec 04 ’24. After this action, Zinman Eran now owns shares of Monday.Com Ltd, valued at $21,340,800 using the latest closing price.

Osherov Yoni, the Officer of Monday.Com Ltd, proposed sale 12,750 shares at $284.59 during a trade that took place back on Nov 25 ’24, which means that Osherov Yoni is holding shares at $3,628,522 based on the most recent closing price.

Stock Fundamentals for MNDY

Current profitability levels for the company are sitting at:

  • -0.04 for the present operating margin
  • 0.89 for the gross margin

The net margin for Monday.Com Ltd stands at 0.02. The total capital return value is set at -0.03. Equity return is now at value 2.50, with 1.56 for asset returns.

Currently, EBITDA for the company is 12.79 million with net debt to EBITDA at 60.6. When we switch over and look at the enterprise to sales, we see a ratio of 15.01. The receivables turnover for the company is 43.95for trailing twelve months and the total asset turnover is 0.57. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.67.

Conclusion

To put it simply, Monday.Com Ltd (MNDY) has had a better performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.

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