How to Buy Monday.com Stock
Mondaycom Ltd
monday. com Ltd. , together with its subsidiaries, develops software applications in the United States, Europe, the Middle East, Africa, and internationally.
Monday.com stock last closed at $184.25, down 4.59% from the previous day, and has increased 39.62% in one year. It has overperformed other stocks in the Software - Application industry by 0.2 percentage points. Monday.com stock is currently +70.06% from its 52-week low of $108.35, and -22.98% from its 52-week high of $239.22.
There are currently 48.92M shares of MNDY outstanding. The market cap of MNDY is $9.01B. In the past 24 hours, 755,799 MNDY shares were traded.
How to Buy Monday.com Stock
Wondering how to invest in Monday.com stock? Here's how.
- Figure out where to buy Monday.com stock: You need to decide on an online brokerage, but don't worry - we've tried dozens of online stock brokerages and apps to help you decide where to buy Monday.com stock.
- Sign up for a brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've selected.
- Deposit money your brokerage account: Pick your method of payment and add your info.
- Analyze Monday.com stock: The Monday.com ticker symbol is MNDY. Is Monday.com stock a good investment? Should you buy shares of MNDY? How do MNDY's underlying business fundamentals look? Do top analysts think Monday.com is a good buy? Why has MNDY's stock price moved recently? (Hint: Our stock market analysis tools can help you understand if MNDY is a good stock to buy).
- Make your MNDY buy order: Decide if you will purchase MNDY shares at the current market price or use a limit order to buy MNDY stock at a particular price.
- Keep an eye on your investment in MNDY: Create a watchlist to monitor your investment in Monday.com stock.
Step 1: Figure out where to buy Monday.com stock
You need a brokerage account to access the NASDAQ market and buy MNDY shares.
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Open eToro AccountStep 2: Sign up for a brokerage account
Now that you've picked the right brokerage, you need to fill out some personal info so you can invest in MNDY today.
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Step 3: Deposit money your brokerage account
Now that you've finished signing up on the best app for stock investing, you can securely and quickly fund your account:
Watch the walkthrough below if you need help transferring funds into your brokerage account.
Step 4: Analyze Monday.com stock
Once you have figured out the best place to buy Monday.com stock, it's very important to evaluate their stock prior to buying, so you can comprehend the risk as well as the upside.
Overview of key MNDY info
MNDY Fundamentals
WallStreetZen was designed to help average investors perform more accurate fundamental analysis in less time.
You can see all of the due diligence checks on MNDY's stock page.
How is MNDY stock valued?
You can use a variety of different financial metrics, analyses, models, and charts to gauge MNDY's fair value.
Using relative valuations metrics:
- MNDY may be overvalued based on its P/B ratio of 11.08x, relative to Software - Application industry P/B ratio of 6.46x
You can access additional valuation research on MNDY's stock here.
A look at MNDY Cashflows and Balance Sheet
Passed Financial Due Diligence Checks:
- There are more short-term assets than short-term liabilities on the MNDY balance sheet.
- MNDY profit margin has gone up from -26.4% to -0.3% in the past year.
- There are more short-term assets than long-term liabilities on the MNDY balance sheet.
- MNDY's operating cash flow of $215.40M allows it to safely service it's debt of $61.15M.
- MNDY earnings of -$38.59M is not sufficient to cover its interest payments.
Failed Financial Due Diligence Checks:
- MNDY has a relatively high debt to equity ratio of 0.57.
Is MNDY stock a Buy, Hold, or Sell, according to analysts?
Out of 13 Wall Street analysts who give recommendations on MNDY, the consensus analyst rating on MNDY is a Strong Buy
Please keep in mind that analyst ratings are not recommendations, nor are they financial advice.
Most Recent MNDY Analyst Ratings
George Iwanyc, a bottom 7% analyst from Oppenheimer maintains MNDY with a buy rating and raises their MNDY price target from $220.00 to $240.00, on Feb 13, 2024.
Gil Luria, a top 21% analyst from DA Davidson reiterates MNDY with a hold rating and maintains their MNDY price target from $190.00 to $190.00, on Feb 13, 2024.
Scott Berg, a top 35% analyst from Needham reiterates MNDY with a buy rating and maintains their MNDY price target from $230.00 to $230.00, on Feb 13, 2024.
Brent A. Bracelin, a top 1% analyst from Piper Sandler reiterates MNDY with a strong buy rating and maintains their MNDY price target from $250.00 to $250.00, on Feb 13, 2024.
Jason Celino, a top 29% analyst from KeyBanc maintains MNDY with a strong buy rating and raises their MNDY price target from $238.00 to $242.00, on Feb 13, 2024.
You can dig deeper into what analysts are projecting on the Monday.com stock forecast page.
MNDY Momentum
MNDY Earnings
Last year, MNDY revenue was $729.70M. In the past four year, MNDY's revenue has increased by 74.84% per year. This was faster than the Software - Application industry average of 27.52%.
Find out more about MNDY's earnings and revenue performance here.
Are MNDY executives and large shareholders buying or selling the stock?
Over the last year, insiders at MNDY have not bought or sold any shares.
Research more about who owns MNDY shares here.
Can I get consistent income from MNDY stock?
No, Monday.com doesn't provide an income stream by paying out dividends.
What do other investors have to say about MNDY?
One of the reasons eToro is our favorite brokerage is because of its social trading community.
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Step 5: Make your MNDY buy order
You have two main options:
- Market order: A market order is an order to buy or sell a stock at the best available price.
Market orders are usually the best for newer investors. - Limit order: A limit order lets you buy or sell a security at a specific price (or better).
If you want to be certain you're buying or selling at a specific dollar amount, use a limit order.
Click the Open button and your broker will execute the order.
If you require more assistance investing in stocks on eToro, click the helpful video below:
Step 6: Keep an eye on your investment in MNDY
Now that you own some MNDY stock, you'll want to stay up-to-date on your company.
Make a watchlist to monitor your MNDY stock.
MNDY Feed
How to Buy Stock in Monday.com
To reiterate, here are the 6 steps for buying Monday.com stock:
- Figure out where to buy Monday.com stock
- Sign up for a brokerage account
- Deposit money your brokerage account
- Analyze Monday.com stock
- Make your MNDY buy order
- Keep an eye on your investment in MNDY
If you need a place to buy stocks, eToro is our recommended option.
Get Started with eToro TodayIf you want to track your new investment in Monday.com, click the button below.
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