Couchbase Inc [BASE] stock prices are up 3.29% to $16.62 at the moment. An important factor to consider is whether the stock is rising or falling in short-term value. The BASE shares have gain 7.92% over the last week, with a monthly amount glided 11.84%, and 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 October 07, 2024, when Barclays upgraded its rating to a Overweight but kept the price target unchanged to $19 for it. Previously, Piper Sandler started tracking the stock with Overweight rating on August 16, 2024, and set its price target to $22. On June 26, 2024, Needham initiated with a Buy rating and assigned a price target of $22 on the stock. Goldman downgraded its rating to a Sell but stick to its price target of $18 on June 06, 2024. UBS initiated its recommendation with a Neutral and recommended $31 as its price target on May 22, 2024. Barclays downgraded its rating to Equal Weight for this stock on February 20, 2024, and upped its price target to $29. In a note dated January 08, 2024, Wells Fargo initiated an Overweight rating and provided a target price of $26 on this stock.
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 $16.62 at the most recent close of the market. An investor can expect a potential return of 40.37% 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 16.21 points at the first support level, and at 15.79 for the second support level. However, for the 1st resistance point, the stock is sitting at 16.90, and for the 2nd resistance point, it is at 17.17.
Ratios To Look Out For
It’s worth pointing out that Couchbase Inc [NASDAQ:BASE]’s Current Ratio is 1.84. On the other hand, the Quick Ratio is 1.84, and the Cash Ratio is 0.58. Considering the valuation of this stock, the price to sales ratio is 4.29, the price to book ratio is 6.73.
Transactions by insiders
Recent insider trading involved Carpenter Carol W., Director, that happened on Oct 01 ’24 when 900.0 shares were sold. SVP & Chief Financial Officer, Henry Gregory N completed a deal on Sep 27 ’24 to sell 2908.0 shares. Meanwhile, SVP & Chief Financial Officer Henry Gregory N sold 1100.0 shares on Sep 26 ’24.
