MNDY Stock Summary and Trading Ideas (Monday.com Ltd. - | NASDAQ:MNDY)

Monday.com is a provider of work management software delivered via a cloud-based software-as-a-service, or SaaS model. The firm's solutions offer flexible and highly customizable tools to digitize business processes across countless use cases. Monday's offering supports workflow management across departments, real-time visibility and accountability, and automation capabilities. Monday also offers prepackaged CRM and DevOps management solutions, in addition to standalone survey and digital whiteboard tools. As of 2023, Monday served over 225,000 customers in more than 200 countries.

Monday.com Ltd. - trades on the NASDAQ stock market under the symbol MNDY.

As of December 17, 2024, MNDY stock price declined to $251.80 with 1,975,651 million shares trading.

MNDY has a beta of 2.83, meaning it tends to be more sensitive to market movements. MNDY has a correlation of 0.41 to the broad based SPY ETF.

MNDY has a market cap of $12.53 billion. This is considered a Large Cap stock.

Last quarter Monday.com Ltd. - reported $251 million in Revenue and $.85 earnings per share. This beat revenue expectation by $5 million and exceeded earnings estimates by $.22.

In the last 3 years, MNDY traded as high as $324.99 and as low as $73.58.

The top ETF exchange traded funds that MNDY belongs to (by Net Assets): IEFA, EFA, EFG, IXUS, LRGF.

MNDY has outperformed the market in the last year with a return of +33.2%, while the SPY ETF gained +29.8%. However, in the most recent history, MNDY shares have underperformed the stock market with its stock returning -4.3% in the last 3 month period and -8.3% for the last 2 week period, while SPY has returned +7.7% and +0.1%, respectively.

MNDY support price is $265.17 and resistance is $281.49 (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 MNDY shares will trade within this expected range on the day.