Couchbase Inc (NASDAQ:BASE) shares, rose in value on Friday, March 07, with the stock price down by -0.06% to the previous day’s close as strong demand from buyers drove the stock to $16.80.
Actively observing the price movement in the last trading, the stock closed the session at $16.81. Referring to stock’s 52-week performance, its high was $29.69, and the low was $13.53. On the whole, BASE has fluctuated by -10.83% over the past month.
With the market capitalization of Couchbase Inc currently standing at about $879.45 million, investors are eagerly awaiting this quarter’s results, scheduled for in April.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 230.33M, with a low estimate of 55.1M and a high estimate of 56.86M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 55.61M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that BASE’s technical picture suggests that short-term indicators denote the stock is a 50% Buy on average. However, medium-term indicators have put the stock in the category of 50% Sell while long-term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the price of BASE currently trading nearly -6.12% and -1.89% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 43.74, while the 7-day volatility ratio is showing 4.51% which for the 30-day chart, stands at 4.34%. Furthermore, Couchbase Inc (BASE)’s beta value is 0.81, and its average true range (ATR) is 0.84.
A comparison of Couchbase Inc (BASE) with its peers suggests the former has fared considerably weaker in the market. BASE showed an intraday change of -0.06% in last session, and over the past year, it shrunk by -37.55%%.
Data on historical trading for Couchbase Inc (NASDAQ:BASE) indicates that the trading volumes over the past 3 months, they’ve averaged 496.01K. According to company’s latest data on outstanding shares, there are 52.35 million shares outstanding.
Nearly 24.28% of Couchbase Inc’s shares belong to company insiders and institutional investors own 71.34% of the company’s shares. The stock has risen by 7.76% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the BASE stock heading into the next quarter.
