Now trading at a price of $167.54, monday.com has moved -6.6% so far today.
monday.com returned gains of 51.2% last year, with its stock price reaching a high of $184.6 and a low of $73.58. Over the same period, the stock outperformed the S&P 500 index by 45.0%. More recently, the company's 50-day average price was $140.53. 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.
An Exceptionally Strong Balance Sheet:
| 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 Margins | -117.32% | -94.46% | -41.96% | -26.37% |
| Net Income (k) | -$91,611 | -$152,203 | -$129,294 | -$136,867 |
| Net Interest Income | $1,475 | $34 | -$838 | $22,554 |
| Depreciation & Amort. | -$579 | -$1,888 | -$2,746 | -$8,567 |
| Earnings Per Share | -$2.36 | -$3.92 | -$4.53 | -$1.79 |
| EPS Growth | n/a | -66.1% | -15.56% | 60.49% |
| Diluted Shares (k) | 38,833 | 38,833 | 30,332 | 47,738 |
| Free Cash Flow (k) | -$38,417 | -$42,656 | $2,597 | $8,137 |
| Capital Expenditures | -$1,767 | -$5,481 | -$13,758 | -$19,001 |
| Net Current Assets (k) | -$134,460 | -$227,354 | $683,696 | $564,542 |
| Current Ratio | 2.25 | 1.05 | 4.0 | 3.1 |
monday.com has growing revenues and increasing reinvestment in the business, an excellent current ratio, and positive EPS growth. However, the firm suffers from consistently negative margins with a positive growth rate and negative and highly variable cash flows.
monday.com does not have a meaningful trailing P/E ratio since its earnings per share are currently in the red. Based on its EPS guidance of $0.93, the company has a forward P/E ratio of 151.1. In comparison, 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 11.55 is higher than the sector average of 6.23.
Analysts Give monday.com an Average Rating of Buy:
The 16 analysts following monday.com have set target prices ranging from $150.0 to $240.0 per share, for an average of $187.31 with a buy rating. As of April 2023, the company is trading -25.0% away from its average target price, indicating that there is an analyst consensus of some upside potential.
monday.com has an above average percentage of its shares sold short because 14.5% 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 22% stake in the company is worth $1,778,816,339.
