After finishing at $27.88 in the prior trading day, Couchbase Inc (NASDAQ: BASE) closed at $28.08, up 0.72%. In other words, the price has increased by $+0.20 from its previous closing price. On the day, 900499 shares were traded.
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Ratios:
Our goal is to gain a better understanding of BASE by taking a closer look at its different ratios. 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:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Mar 06 ’24 when Owen Huw sold 13,605 shares for $30.33 per share. The transaction valued at 412,671 led to the insider holds 467,967 shares of the business.
Chow Margaret sold 10,000 shares of BASE for $305,279 on Mar 06 ’24. The SVP & Chief Legal Officer now owns 217,700 shares after completing the transaction at $30.53 per share. On Feb 05 ’24, another insider, Chow Margaret, who serves as the SVP & Chief Legal Officer of the company, sold 380 shares for $27.50 each. As a result, the insider received 10,450 and left with 162,103 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 1.35B and an Enterprise Value of 1.20B. For the stock, the TTM Price-to-Sale (P/S) ratio is 7.50 while its Price-to-Book (P/B) ratio in mrq is 9.98. Its current Enterprise Value per Revenue stands at 7.00 whereas that against EBITDA is -16.77.
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 25.94, while the 200-Day Moving Average is calculated to be 19.46.
Shares Statistics:
The stock has traded on average 515.94K shares per day over the past 3-months and 761.83k shares per day over the last 10 days, according to various share statistics. A total of 45.43M shares are outstanding, with a floating share count of 34.19M. Insiders hold about 28.87% of the company’s shares, while institutions hold 67.52% stake in the company. Shares short for BASE as of Feb 29, 2024 were 903.1k with a Short Ratio of 1.75, compared to 768.8k on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 1.88% and a Short% of Float of 2.63%.
Earnings Estimates
Its stock is currently analyzed by 11 different market analysts. On average, analysts expect EPS of -$0.15 for the current quarter, with a high estimate of -$0.13 and a low estimate of -$0.2, 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 -$0.13.
Analysts are recommending an EPS of between -$0.35 and -$0.52 for the fiscal current year, implying an average EPS of -$0.43. EPS for the following year is -$0.17, with 11 analysts recommending between -$0.09 and -$0.34.
Revenue Estimates
11 analysts predict $48.56M in revenue for the current quarter. It ranges from a high estimate of $48.9M to a low estimate of $48.2M. As of the current estimate, Couchbase Inc’s year-ago sales were $41M, an estimated increase of 18.50% 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 $207M, while the lowest revenue estimate was $204.8M, resulting in an average revenue estimate of $205.63M. In the same quarter a year ago, actual revenue was $180.04M, up 14.20% from the average estimate. Based on 12 analysts’ estimates, the company’s revenue will be $241.3M in the next fiscal year. The high estimate is $252M and the low estimate is $235.04M. The average revenue growth estimate for next year is up 17.30% from the average revenue estimate for this year.
