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 $225.91, up 0.67% from the previous day, and has increased 25.37% in one year. It has overperformed other stocks in the Software - Application industry by 0.05 percentage points. Monday.com stock is currently +84.98% from its 52-week low of $122.13, and -9.27% from its 52-week high of $249.00.
There are currently 48.92M shares of MNDY outstanding. The market cap of MNDY is $11.05B. In the past 24 hours, 1.9M 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/E ratio of 579.26x, relative to Software - Application industry P/E ratio of 25.14x
- MNDY could be overvalued based on its P/B ratio of 12.91x, relative to Software - Application industry P/B ratio of 6x
You can access more valuation research on MNDY's stock here.
Is MNDY a healthy company?
Passed Financial Due Diligence Checks:
- MNDY profit margin has gone up from -14.8% to 2.5% in the past year.
- There are more short-term assets than short-term liabilities on the MNDY balance sheet.
- There are more short-term assets than long-term liabilities on the MNDY balance sheet.
- MNDY's operating cash flow of $264.63M allows it to safely service it's debt of $57.89M.
- MNDY earnings of -$20.86M is not sufficient to cover its interest payments.
Failed Financial Due Diligence Checks:
- MNDY has a relatively high debt to equity ratio of 0.63.
Is it a good time to buy MNDY stock, according to analysts?
Out of 14 Equities analysts who monitor MNDY, the consensus analyst rating on MNDY is a Strong Buy
It's important to keep in mind that analyst ratings are not recommendations, nor are they financial advice.
Latest MNDY Analyst Forecasts
Jackson Ader, a top 17% analyst from KeyBanc maintains MNDY with a strong buy rating and raises their MNDY price target from $275.00 to $280.00, on May 16, 2024.
Brent A. Bracelin, a top 2% analyst from Piper Sandler reiterates MNDY with a strong buy rating and raises their MNDY price target from $250.00 to $270.00, on May 15, 2024.
Scott Berg, a bottom 2% analyst from Needham maintains MNDY with a buy rating and raises their MNDY price target from $230.00 to $250.00, on May 15, 2024.
Steven Enders, a top 28% analyst from Citigroup downgrades MNDY to a hold rating and lowers their MNDY price target from $277.00 to $250.00, on Apr 10, 2024.
Pinjalim Bora, a top 24% analyst from JP Morgan maintains MNDY with a strong buy rating and raises their MNDY price target from $230.00 to $270.00, on Mar 25, 2024.
JP Morgan's Pinjalim Bora raised their price target on Monday.com (NASDAQ: MNDY) by 17.4% from $230 to $270 on 2024/03/25. The analyst maintained their Strong Buy rating on the stock.
The analyst told investors they made the move to reflect their higher conviction on Monday.com's general demand trends following conversations with company leaders.
Management's solid navigation should help Monday.com continue to distinguish itself from its peers, driving a "superior growth plus margin profile," Bora said.
Monday.com has executed really well over the past twelve months and the stock remains a JP Morgan top pick for 2024, the analyst concluded.
You can dig deeper into what analysts are saying on the Monday.com stock forecast page.
Metrics for Advanced MNDY Traders
Is MNDY Growing Revenue?
Last year, MNDY revenue was $784.35M. In the last three year, MNDY's revenue has gone up by 146.87% per year. This was faster than the Software - Application industry average of 31.23%.
You can analyze MNDY's earnings and revenue performance here.
Latest Insiders Trades at MNDY
Over the last 12 months, executives and large shareholders at MNDY have not bought or sold any shares.
Get more info 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 others are saying about MNDY
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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 mostly fine for most investors. - Limit order: A limit order enables you to buy or sell a security at a specific price (or better).
If you want to make sure you're buying or selling at a specific dollar amount, use a limit order.
Press the Open Trade button and your broker will place your order.
If you need more info about buying stocks on eToro, watch the helpful video below:
Step 6: Keep an eye on your investment in MNDY
Now that you own some shares in MNDY, you'll want to keep up with your stock purchase.
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 require a place to buy stocks, eToro is our favorite option.
Get Started with eToro TodayIf you want to track your new investment in Monday.com, add MNDY to your watchlist by clicking the button below.
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