Is Monday.Com Ltd (MNDY) a good stock to buy now?

Monday.Com Ltd (NASDAQ: MNDY) is 12.89% higher on its value in year-to-date trading and has touched a low of $108.35 and a high of $239.22 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The MNDY stock was last observed hovering at around $235.92 in the last trading session, with the day’s loss setting it -23.91%.

Currently trading at $212.01, the stock is 1.17% and 9.22% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 5.08 million and changing -10.13% at the moment leaves the stock 26.44% off its SMA200. MNDY registered 51.53% gain for a year compared to 6-month gain of 36.04%. The firm has a 50-day simple moving average (SMA 50) of $13.56 and a 200-day simple moving average (SMA200) of -$601.04.

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The stock witnessed a 9.74% loss in the last 1 month and extending the period to 3 months gives it a 56.41%, and is 0.03% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 5.04% over the week and 4.22% over the month.

Fwd P/E is 82.09. Profit margin for the company is -0.26%. Distance from 52-week low is 95.68% and -11.37% from its 52-week high. The company has generated returns on investments over the last 12 months (-0.22%).

Monday.Com Ltd quarterly earnings per share for the current quarter are estimated at $0.32 with sales reaching $197.95M over the same period.The EPS is expected to grow by 3.92% this year, but quarterly earnings will post 39.70% year-over-year. Quarterly sales are estimated to grow 32.00% in year-over-year returns.

Monday.Com Ltd (MNDY) Top Institutional Holders

442 institutions hold shares in Monday.Com Ltd (MNDY), with institutional investors hold 94.43% of the company’s shares. The shares outstanding are 47.74M, and float is at 28.23M with Short Float at 5.10%. Institutions hold 74.46% of the Float.

The top institutional shareholder in the company is Insight Holdings Group, LLC with over 6.62 million shares valued at $1.13 billion. The investor’s holdings represent 13.86% of the MNDY Shares outstanding. As of Jun 29, 2023, the second largest holder is Sonnipe Ltd with 4.18 million shares valued at $715.93 million to account for 8.76% of the shares outstanding. The other top investors are Price (T.Rowe) Associates Inc which holds 3.01 million shares representing 6.31% and valued at over $515.63 million, while Franklin Resources, Inc. holds 4.18% of the shares totaling 2.0 million with a market value of $341.82 million.