At the time of writing, Couchbase Inc [BASE] stock is trading at $17.38, up 1.82%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The BASE shares have gain 8.02% over the last week, with a monthly amount glided 23.18%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Previously, Barclays upgraded its rating to Overweight on October 07, 2024, and kept the price target unchanged to $19. On August 16, 2024, Piper Sandler initiated with a Overweight rating and assigned a price target of $22 on the stock. Needham started tracking the stock assigning a Buy rating and suggested a price target of $22 on June 26, 2024. Goldman downgraded its rating to a Sell but $18 remained the price target by the analyst firm on June 06, 2024. UBS started tracking with a Neutral rating for this stock on May 22, 2024, and assigned it a price target of $31. In a note dated February 20, 2024, Barclays downgraded an Equal Weight rating on this stock and boosted its target price from $26 to $29.
For the past year, the stock price of Couchbase Inc fluctuated between $13.53 and $32.00. Currently, Wall Street analysts expect the stock to reach $24.17 within the next 12 months. Couchbase Inc [NASDAQ: BASE] shares were valued at $17.38 at the most recent close of the market. An investor can expect a potential return of 39.07% based on the average BASE price forecast.
Analyzing the BASE fundamentals
According to Couchbase Inc [NASDAQ:BASE], the company’s sales were 198.82M for trailing twelve months, which represents an 19.59% jump. 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. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.03.
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 17.11 points at the first support level, and at 16.85 for the second support level. However, for the 1st resistance point, the stock is sitting at 17.65, and for the 2nd resistance point, it is at 17.93.
Ratios To Look Out For
It is important to note that Couchbase Inc [NASDAQ:BASE] has a current ratio of 1.84. Further, the Quick Ratio stands at 1.84, while the Cash Ratio is 0.58. Considering the valuation of this stock, the price to sales ratio is 4.49, the price to book ratio is 7.04.
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.
