Monday.com Beats Expectations in Earnings Report, Stock Rises by 4.6%
As a result of Monday's earnings report, monday.com (MNDY) beat analysts' expectations. The company reported earnings per share of 0.64 on revenue of 189.19 million, surpassing analysts' expectations of 0.18 on revenue of 182.51 million. This positive news caused the stock to rise by 4.6% to $171.22.
In comparison to its daily average volume of 1 million shares, monday.com's daily average volume yesterday was 140% higher. This increased trading activity indicates a heightened interest in the stock.
Monday.com's quarterly earnings report showcased a significant increase in both revenue and earnings per share compared to the previous quarter. The company's revenue increased by $189.19 million, and its earnings per share rose by 0.64.
Over the past 5 days, monday.com has experienced a 26.43% appreciation in its stock price. Currently, the company is trading with a market cap of $8.27 billion.
In addition to monday.com, other technology sector stocks also saw positive movements. Intel (INTC) rose by 3.04% to 40.61, Sony Group Corporation (SONY) closed at 87.12 after a 2.41% increase, and Accenture plc Class A (Ireland) (ACN) was up 1.56%.
Overall, monday.com's strong earnings report and stock performance indicate positive momentum for the company in the market.
Technical Outlook
Monday.com Approaching Key Resistance Level
Asset Symbol: MNDY Latest Price: $171.22 Asset Class: Stock
Monday.com Ltd. is approaching a key resistance level at 145.46, now only 9.61 away. Breaking above this level could open up a new path for further gains.
Monday.com bulls are aiming to push the stock past the key resistance level at $176.03 as the next upside milestone if they maintain their dominance.
The price action is currently receding away from an active Fibonacci resistance level at $143.97.
In the past 5 days, Monday.com's share price has risen by 26.32%. Today, it is expected to rise by a further 7.53, or 4.6%. Yesterday, the stock reached a high of 173.85.
Other key facts about Monday.com:
Market cap: $8.27 billion
Total shares traded yesterday: 1.41 million (higher than the multiday average of 1 million)
Technical analysis reveals that Monday.com's CCI indicator is above +100, indicating that the market price is unusually high and above its rolling moving average. The stock is currently rated as "Neutral" during a positive session in which it is gaining $7.53, or 4.6%.
Overall, Monday.com is showing strong bullish momentum and has the potential to break through the key resistance level at $176.03, leading to further gains in the near future.
As a result of Monday's earnings report, monday.com (MNDY) beat analysts' expectations. The company reported earnings per share of 0.64 on revenue of 189.19 million, surpassing analysts' expectations of 0.18 on revenue of 182.51 million. This positive news caused the stock to rise by 4.6% to $171.22.
In comparison to its daily average volume of 1 million shares, monday.com's daily average volume yesterday was 140% higher. This increased trading activity indicates a heightened interest in the stock.
Monday.com's quarterly earnings report showcased a significant increase in both revenue and earnings per share compared to the previous quarter. The company's revenue increased by $189.19 million, and its earnings per share rose by 0.64.
Over the past 5 days, monday.com has experienced a 26.43% appreciation in its stock price. Currently, the company is trading with a market cap of $8.27 billion.
In addition to monday.com, other technology sector stocks also saw positive movements. Intel (INTC) rose by 3.04% to 40.61, Sony Group Corporation (SONY) closed at 87.12 after a 2.41% increase, and Accenture plc Class A (Ireland) (ACN) was up 1.56%.
Overall, monday.com's strong earnings report and stock performance indicate positive momentum for the company in the market.
Technical Outlook
Monday.com Approaching Key Resistance Level
Asset Symbol: MNDY Latest Price: $171.22 Asset Class: Stock
Monday.com Ltd. is approaching a key resistance level at 145.46, now only 9.61 away. Breaking above this level could open up a new path for further gains.
Monday.com bulls are aiming to push the stock past the key resistance level at $176.03 as the next upside milestone if they maintain their dominance.
The price action is currently receding away from an active Fibonacci resistance level at $143.97.
In the past 5 days, Monday.com's share price has risen by 26.32%. Today, it is expected to rise by a further 7.53, or 4.6%. Yesterday, the stock reached a high of 173.85.
Other key facts about Monday.com:
Market cap: $8.27 billion
Total shares traded yesterday: 1.41 million (higher than the multiday average of 1 million)
Technical analysis reveals that Monday.com's CCI indicator is above +100, indicating that the market price is unusually high and above its rolling moving average. The stock is currently rated as "Neutral" during a positive session in which it is gaining $7.53, or 4.6%.
Overall, Monday.com is showing strong bullish momentum and has the potential to break through the key resistance level at $176.03, leading to further gains in the near future.