monday.com declined by -1.6% Friday, and is now trading at a price of $121.92 per share.
monday.com returned losses of -8.5% last year, with its stock price reaching a high of $171.89 and a low of $73.58. Over the same period, the stock underperformed the S&P 500 index by -9.0%. As of April 2023, the company's 50-day average price was $138.56. monday.com Ltd., together with its subsidiaries, develops software applications in the United States, Europe, the Middle East, Africa, and internationally. Based in Tel Aviv, Israel, the mid-cap Technology company has 1,549 full time employees. monday.com has not offered a regular dividend during the last year.
A Strong Balance Sheet Despite Its Lack of Profitability:
2019-12-31 | 2020-12-31 | 2021-12-31 | 2022-12-31 | |
---|---|---|---|---|
Revenue (k) | $78,089 | $161,123 | $308,150 | $519,029 |
Operating Margins | -118.5% | -93.4% | -40.9% | -29.3% |
Net Income (k) | -$91,611 | -$152,203 | -$129,294 | -$136,867 |
Interest Cost | $1,475 | $34 | -$838 | $22,554 |
Depreciation & Amort. | -$579 | -$1,888 | -$2,746 | -$8,567 |
Earnings Per Share | -$2.36 | -$3.92 | -$4.53 | -$2.92 |
EPS Growth | n/a | -66.1% | -15.56% | 35.54% |
Diluted Shares (k) | 38,833 | 38,833 | 30,332 | 47,738 |
Free Cash Flow (k) | -$38,417 | -$42,656 | $2,597 | $8,137 |
Net Current Assets (k) | -$134,460 | -$227,354 | $683,696 | $564,542 |
Current Ratio | 2.25 | 1.05 | 4.0 | 3.1 |
monday.com does not have a meaningful trailing P/E ratio since its earnings per share are negative. Its forward EPS guidance is negative too, at $-0.09. The average P/E ratio for the Technology sector is 27.16. Furthermore, monday.com is likely overvalued compared to the book value of its equity, since its P/B ratio of 8.56 is higher than the sector average of 6.23.
monday.com Has an Analyst Consensus of Strong Upside Potential:
The 15 analysts following monday.com have set target prices ranging from $140.0 to $210.0 per share, for an average of $174.93 with a buy rating. As of April 2023, the company is trading -20.8% away from its average target price, indicating that there is an analyst consensus of strong upside potential.
monday.com has an above average percentage of its shares sold short because 11.4% of the company's shares are sold short. Institutions own 72.5% of the company's shares, and the insider ownership rate stands at 22.28%, suggesting a large amount of insider shareholders. The largest shareholder is Insight Holdings Group, LLC, whose 29% stake in the company is worth $1,672,899,285.