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Couchbase Inc. (BASE) Is Still Worth A Look Despite -63.68% Fall From High

Couchbase Inc. (NASDAQ:BASE) concluded the trading at $12.64 on Wednesday, November 23 with a rise of 3.61% from its closing price on previous day.

Taking a look at stock we notice that its last check on previous day was $12.20 with its price kept floating in the range of $12.15 and $13.14 on the day. Considering stock’s 52-week price range provides that BASE hit a high price of $34.80 and saw its price falling to a low level of $10.19 during that period. Over a period of past 1-month, stock came subtracting -1.71% in its value.

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With its current market valuation of $569.56 million, Couchbase Inc. is set to declare its quarterly results on Sep 07, 2022. Analysts are in estimates of -$0.33 per share for company’s earnings in the current quarter and are expecting its annual EPS growth moving up to -$1.17 for 2023 with estimates of that growing to -$1.05 in next year. These estimates are suggesting current year growth of 40.30% for EPS and 10.30% growth next year.

Analysts watching the company’s growth closely have provided estimates for its revenue growth with an average revenue estimate of $36.65 million. They suggested that in the process company could generate revenue of as low as $36.5 million which could climb up to $37 million to hit a high. In keeping analyst consensus estimate with, company is forecasted to be making an annual revenue of $150.13 million in 2023, which will be 21.50% more from revenue generated by the company last year.

In last 7 days, analysts came adjusting their opinions about stock’s EPS with no upward and no downward revisions, an indication which could give clearer idea about the company’s short term price movement. In contrast, when we review BASE stock’s current outlook then short term indicators are assigning it an average of 50% Sell, while medium term indicators are categorizing the stock at an average of 100% Sell. Long term indicators are suggesting an average of 100% Sell for it.

Digging deeper we become aware of the PEG ratio of the BASE stock which is currently positioned at 0. It further provides that stock’s current price level is 4.97% away from its 20-day simple moving average and is -3.26% off its SMA50. Its relative strength index (RSI) for 14-periods is oscillating at 52.59 while volatility remained at 5.61% over the past week which changes to 6.56% when measuring it over the past month. Average true range or ATR is currently at 0.78.

In comparing Couchbase Inc. (BASE)’s stock with other industry players reveals that stock’s current price change of 3.61% and that of -59.94% over the past 12 months is in competing position with that of Microsoft Corporation (MSFT) which saw its stock price raised by 1.04% in the last trading and went through a decrease of -26.68% in past 12-month trading. Industry’s another major player Alphabet Inc. (GOOGL) has rise 1.45% up in previous session, but over the past year has faced a fall of -32.46%, while Alphabet Inc. (GOOG) was also up 1.53% however its price remained floating in the red at -32.66% over the same period. Couchbase Inc. has a P/E ratio of 0 against that of Microsoft Corporation’s 26.68 while Alphabet Inc. is showing 20.18 for the same. On the other hand, the S&P 500 Index was up 0.59% in the last trading session while the Dow Jones Industrial closed the session higher at 0.28%.

Having a second look at Couchbase Inc. (NASDAQ:BASE) provides that stock’s average daily trading volume for 3 months was 309.50K, while it jumped to 0.23 million when we calculate an average volume for past 10 days. Number of outstanding shares of the stock stood at 44.65 million.

The percentage of outstanding shares held by the insiders is 1.60% while it is 94.10% for the institutional holders. The figures also indicate that as of Oct 13, 2022, number of stock’s short shares was 1.02 million which implies a short ratio of 2.99. This shows down a 2.29% of Short Interest in company’s outstanding shares on the day. In October the standing of shares short improved as it was 1.07 million in the previous month. Subtraction of -49.36% by stock’s current price to its year-to-date value in last trading session is likely to be increasing investors’ interest in the stock as it is hinting an extended uptrend.

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