Couchbase Inc (BASE) stock poised to deliver a potential return of 44.73%

Couchbase Inc [BASE] stock prices are up 5.46% to $16.12 at the moment. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The BASE shares have gain 15.23% over the last week, with a monthly amount drifted -13.84%, and not seem to be holding up well over a long-time horizon.

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From an analyst’s perspective:

Couchbase Inc [NASDAQ: BASE] stock has seen the most recent analyst activity on August 16, 2024, when Piper Sandler initiated its Overweight rating and assigned the stock a price target of $22. Previously, Needham started tracking the stock with Buy rating on June 26, 2024, and set its price target to $22. On June 06, 2024, downgrade downgraded it’s rating to Sell but maintained its price target of $18 on the stock. UBS started tracking the stock assigning a Neutral rating and suggested a price target of $31 on May 22, 2024. Barclays downgraded its rating to a Equal Weight and raised its price target to $29 on February 20, 2024. Wells Fargo started tracking with a Overweight rating for this stock on January 08, 2024, and assigned it a price target of $26. In a note dated December 14, 2023, Oppenheimer reiterated an Outperform rating on this stock and boosted its target price from $23 to $25.

The stock price of Couchbase Inc [BASE] has been fluctuating between $13.53 and $32.00 over the past year. Currently, Wall Street analysts expect the stock to reach $23.33 within the next 12 months. Couchbase Inc [NASDAQ: BASE] shares were valued at $16.12 at the most recent close of the market. An investor can expect a potential return of 44.73% based on the average BASE price forecast.

Analyzing the BASE fundamentals

The Couchbase Inc [NASDAQ:BASE] reported sales of 198.82M for trailing twelve months, representing a surge of 19.59%. Gross Profit Margin for this corporation currently stands at 0.89% with Operating Profit Margin at -0.4%, Pretax Profit Margin comes in at -0.39%, and Net Profit Margin reading is -0.4%. To continue investigating profitability, this company’s Return on Assets is posted at -0.33, Equity is -0.6 and Total Capital is -0.61. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.03.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 15.46 points at the first support level, and at 14.80 for the second support level. However, for the 1st resistance point, the stock is sitting at 16.46, and for the 2nd resistance point, it is at 16.80.

Ratios To Look Out For

It’s worth pointing out that Couchbase Inc [NASDAQ:BASE]’s Current Ratio is 1.84. As well, the Quick Ratio is 1.84, while the Cash Ratio is 0.58. Considering the valuation of this stock, the price to sales ratio is 4.16, the price to book ratio is 6.53.

Transactions by insiders

Recent insider trading involved Henry Gregory N, SVP & Chief Financial Officer, that happened on Sep 27 ’24 when 2908.0 shares were sold. SVP & Chief Financial Officer, Henry Gregory N completed a deal on Sep 26 ’24 to sell 1100.0 shares. Meanwhile, SVP & Chief Revenue Officer Owen Huw sold 6736.0 shares on Sep 27 ’24.

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