BASE Stock Summary and Trading Ideas (Couchbase | NASDAQ:BASE)

Couchbase Inc provides a modern cloud database that offers the robust capabilities required for business-critical applications on a scalable and available platform. It empower developers and architects to build, deploy and run mission-critical applications. Couchbase delivers a high-performance, flexible and scalable modern database that runs across the data center and any cloud. Geographically, the company generates a majority of its revenue from the United States.

Couchbase trades on the NASDAQ stock market under the symbol BASE.

As of December 20, 2024, BASE stock price climbed to $15.44 with 643,639 million shares trading.

BASE has a beta of 1.91, meaning it tends to be more sensitive to market movements. BASE has a correlation of 0.14 to the broad based SPY ETF.

BASE has a market cap of $776.78 million. This is considered a Small Cap stock.

Last quarter Couchbase reported $52 million in Revenue and -$.05 earnings per share. This beat revenue expectation by $858,000 and exceeded earnings estimates by $.03.

In the last 3 years, BASE traded as high as $32.00 and as low as $10.19.

The top ETF exchange traded funds that BASE belongs to (by Net Assets): VTI, IWM, VB, VGT, VBR.

BASE has underperformed the market in the last year with a price return of -31.7% while the SPY ETF gained +27.8%. However, in the short term, BASE had mixed performance relative to the market. It has outperformed in the last 3 months, returning +12.9% vs +4.4% return in SPY. But in the last 2 weeks, BASE shares have been beat by the market, returning -5.7% compared to an SPY return of -2.4%.

BASE support price is $14.90 and resistance is $15.87 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that BASE shares will trade within this expected range on the day.