Looking For A Top Momentum Stock? Why Monday.Com Ltd (NASDAQ: MNDY) Is A Great Pick

Monday.Com Ltd (NASDAQ:MNDY) shares, rose in value on Friday, June 20, with the stock price down by -2.42% to the previous day’s close as strong demand from buyers drove the stock to $280.46.

Actively observing the price movement in the last trading, the stock closed the session at $287.43. The PE ratio was 284.47 over 12-month period. Referring to stock’s 52-week performance, its high was $342.64, and the low was $188.01. On the whole, MNDY has fluctuated by -7.15% over the past month.

With the market capitalization of Monday.Com Ltd currently standing at about $14.24 billion, investors are eagerly awaiting this quarter’s results, scheduled for on 2025-May-12.

Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that MNDY’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% Buy while long-term indicators on average have been pointing out that it is a 100% Buy.

The stock’s technical analysis shows that the PEG ratio is about 14.51, with the price of MNDY currently trading nearly -5.51% and -0.02% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 41.82, while the 7-day volatility ratio is showing 2.44% which for the 30-day chart, stands at 2.20%. Furthermore, Monday.Com Ltd (MNDY)’s beta value is 1.30, and its average true range (ATR) is 11.61.

A comparison of Monday.Com Ltd (MNDY) with its peers suggests the former has fared considerably weaker in the market. MNDY showed an intraday change of -2.42% in last session, and over the past year, it grew by 26.14%%.

Data on historical trading for Monday.Com Ltd (NASDAQ:MNDY) indicates that the trading volumes over the past 3 months, they’ve averaged 680.92K. According to company’s latest data on outstanding shares, there are 50.77 million shares outstanding.

Nearly 22.65% of Monday.Com Ltd’s shares belong to company insiders and institutional investors own 74.18% of the company’s shares. The stock has risen by 19.12% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the MNDY stock heading into the next quarter.

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