Couchbase Inc (NASDAQ:BASE) price on current trading day, fall -0.55% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $16.38.
A look at the stock’s price movement, the close in the last trading session was $16.47, moving within a range at $15.9144 and $16.745. The beta value (5-Year monthly) was 0.586. Turning to its 52-week performance, $32.00 and $13.53 were the 52-week high and 52-week low respectively. Overall, BASE moved -7.98% over the past month.
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Couchbase Inc’s market cap currently stands at around $852.77 million, with investors looking forward to this quarter’s earnings report slated for in January.
Analysts have a consensus estimate of 53.23M for the company’s revenue for the quarter, with a low and high estimate of 53M and 54.44M respectively. The average forecast suggests up to a 6.28% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 207.78M, representing a 15.41% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that BASE is a Hold. On the other hand, the stock is on average a 50% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.
11 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 3 analyst(s) rate the stock as a Hold, 7 recommend BASE as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 1 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
BASE’s current price about -15.85% and -6.34% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 34.34, while 7-day volatility ratio is 6.82% and 4.30% in the 30-day chart. Further, Couchbase Inc (BASE) has a beta value of 0.71, and an average true range (ATR) of 1.01. Analysts have given the company’s stock an average 52-week price target of $23, forecast between a low of $19 and high of $27. Looking at the price targets, the low is -16.0% off current price level while to achieve the yearly target high, price needs to move -64.84%. Nonetheless, investors will most likely welcome a -40.42% jump to $23 which is the analysts’ median price.
If we refocus on Couchbase Inc (NASDAQ:BASE), historical trading data shows that trading volumes averaged 0.61 over the past 10 days and 494.48K over the past 3 months. The company’s latest data on shares outstanding shows there are 52.26 million shares.
The 23.79% of Couchbase Inc’s shares are in the hands of company insiders while institutional holders own 70.90% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 1.4 million on 2024-11-15, giving us a short ratio of 4.72. The data shows that as of 2024-11-15 short interest in Couchbase Inc (BASE) stood at 328.0 of shares outstanding, with shares short rising to 1.38 million registered in 2024-10-15. Current price change has pushed the stock -27.26% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the BASE stock continues to rise going into the next quarter.
