While Couchbase Inc has overperformed by 12.37%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, BASE fell by -33.28%, with highs and lows ranging from $32.00 to $13.53, whereas the simple moving average jumped by 1.17% in the last 200 days.
On December 12, 2024, Truist started tracking Couchbase Inc (NASDAQ: BASE) recommending Buy. Barclays also Upgraded BASE shares as ‘Overweight’, setting a target price of $19 on the company’s shares in a report dated October 07, 2024. Piper Sandler Initiated an Overweight rating on August 16, 2024, and assigned a price target of $22. Needham initiated its ‘Buy’ rating for BASE, as published in its report on June 26, 2024. Goldman’s report from June 06, 2024 suggests a price prediction of $18 for BASE shares, giving the stock a ‘Sell’ rating. UBS also rated the stock as ‘Neutral’.
Analysis of Couchbase Inc (BASE)
Further, the quarter-over-quarter increase in sales is 9.65%, showing a positive trend in the upcoming months.
Couchbase Inc’s future performance can be predicted by a variety of well-rounded types of analysis and research, with equity being one of the most crucial ones. The goal here is to ensure that your current return on equity of -57.86% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 1.99, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
For any stock, average volume can be an extremely valuable indicator of volatility, and BASE is registering an average volume of 494.61K. On a monthly basis, the volatility of the stock is set at 4.32%, whereas on a weekly basis, it is put at 6.23%, with a loss of -1.46% over the past seven days. Furthermore, long-term investors anticipate a median target price of $21.87, showing growth from the present price of $18.26, which can serve as yet another indication of whether BASE is worth investing in or should be passed over.
How Do You Analyze Couchbase Inc Shares?
Besides checking the fundamentals, you should also know how many employees own shares in the company. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 23.05%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 71.34% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
