The closing price of Couchbase Inc (NASDAQ: BASE) was $29.26 for the day, up 4.57% from the previous closing price of $27.98. In other words, the price has increased by $+1.28 from its previous closing price. On the day, 771265 shares were traded.
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Ratios:
Our analysis of BASE’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 2.16 and its Current Ratio is at 1.86. In the meantime, Its Debt-to-Equity ratio is 0.04 whereas as Long-Term Debt/Eq ratio is at 0.02.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, Barclays on February 20, 2024, Downgraded its rating to Equal Weight and sets its target price to $29 from $26 previously.
On January 08, 2024, Wells Fargo started tracking the stock assigning a Overweight rating and target price of $26.
Oppenheimer reiterated its Outperform rating for the stock on December 14, 2023, while the target price for the stock was revised from $23 to $25.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Feb 05 ’24 when Chow Margaret sold 380 shares for $27.50 per share. The transaction valued at 10,450 led to the insider holds 162,103 shares of the business.
Chow Margaret sold 4,620 shares of BASE for $127,073 on Feb 02 ’24. The SVP & Chief Legal Officer now owns 162,103 shares after completing the transaction at $27.50 per share. On Feb 01 ’24, another insider, Cain Matthew M, who serves as the Chair, President, and CEO of the company, sold 18,101 shares for $25.72 each. As a result, the insider received 465,585 and left with 633,118 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, BASE now has a Market Capitalization of 1.41B and an Enterprise Value of 1.26B. For the stock, the TTM Price-to-Sale (P/S) ratio is 7.81 while its Price-to-Book (P/B) ratio in mrq is 10.39. Its current Enterprise Value per Revenue stands at 7.32 whereas that against EBITDA is -17.53.
Stock Price History:
Over the past 52 weeks, BASE has reached a high of $32.00, while it has fallen to a 52-week low of $12.98. The 50-Day Moving Average of the stock is 25.28, while the 200-Day Moving Average is calculated to be 19.18.
Shares Statistics:
BASE traded an average of 507.38K shares per day over the past three months and 510.76k shares per day over the past ten days. A total of 45.43M shares are outstanding, with a floating share count of 34.73M. Insiders hold about 27.76% of the company’s shares, while institutions hold 67.52% stake in the company. Shares short for BASE as of Feb 15, 2024 were 879.43k with a Short Ratio of 1.73, compared to 815.17k on Jan 12, 2024. Therefore, it implies a Short% of Shares Outstanding of 1.83% and a Short% of Float of 2.56%.
Earnings Estimates
The firm’s stock currently is rated by 11 analysts. On average, analysts expect EPS of -$0.16 for the current quarter, with a high estimate of -$0.13 and a low estimate of -$0.21, while EPS last year was -$0.27. The consensus estimate for the next quarter is -$0.12, with high estimates of -$0.1 and low estimates of -$0.14.
Analysts are recommending an EPS of between -$0.38 and -$0.52 for the fiscal current year, implying an average EPS of -$0.45. EPS for the following year is -$0.2, with 11 analysts recommending between -$0.09 and -$0.41.
Revenue Estimates
It is expected that $90B in revenue will be generated in the current quarter, according to 11 analysts. It ranges from a high estimate of $48.9M to a low estimate of $46.61M. As of the current estimate, Couchbase Inc’s year-ago sales were $41M, an estimated increase of 17.70% from the year-ago figure.
A total of 12 analysts have provided revenue estimates for BASE’s current fiscal year. The highest revenue estimate was $208.1M, while the lowest revenue estimate was $201.58M, resulting in an average revenue estimate of $205.22M. In the same quarter a year ago, actual revenue was $180.04M, up 14.00% from the average estimate. Based on 12 analysts’ estimates, the company’s revenue will be $240.69M in the next fiscal year. The high estimate is $252M and the low estimate is $233.98M. The average revenue growth estimate for next year is up 17.30% from the average revenue estimate for this year.
