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Couchbase Inc. (BASE): Odds are Looking Good after Recent Activity

Let’s start up with the current stock price of Couchbase Inc. (BASE), which is $13.94 to be very precise. The Stock rose vividly during the last session to $14.70 after opening rate of $14.41 while the lowest price it went was recorded $13.16 before closing at $15.29.Recently in News on March 7, 2023, Couchbase Announces Fourth Quarter and Fiscal 2023 Financial Results. Couchbase, Inc. (NASDAQ: BASE), the cloud database platform company, today announced financial results for its fourth quarter and fiscal year ended January 31, 2023. You can read further details here

Couchbase Inc. had a pretty Dodgy run when it comes to the market performance. The 1-year high price for the company’s stock is recorded $19.97 on 08/11/22, with the lowest value was $10.19 for the same time period, recorded on 11/07/22.

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Couchbase Inc. (BASE) full year performance was -11.88%

Price records that include history of low and high prices in the period of 52 weeks can tell a lot about the stock’s existing status and the future performance. Presently, Couchbase Inc. shares are logging -30.20% during the 52-week period from high price, and 36.80% higher than the lowest price point for the same timeframe. The stock’s price range for the 52-week period managed to maintain the performance between $10.19 and $19.97.

The company’s shares, operating in the sector of Technology managed to top a trading volume set approximately around 774312 for the day, which was evidently higher, when compared to the average daily volumes of the shares.

When it comes to the year-to-date metrics, the Couchbase Inc. (BASE) recorded performance in the market was 5.13%, having the revenues showcasing -2.45% on a quarterly basis in comparison with the same period year before. At the time of this writing, the total market value of the company is set at 680.55M, as it employees total of 727 workers.

Specialists analysis on Couchbase Inc. (BASE)

During the last month, 5 analysts gave the Couchbase Inc. a BUY rating, 2 of the polled analysts branded the stock as an OVERWEIGHT, 3 analysts were recommending to HOLD this stock, 0 of them gave the stock UNDERWEIGHT rating, and 0 of the polled analysts provided SELL rating.

According to the data provided on Barchart.com, the moving average of the company in the 100-day period was set at 13.88, with a change in the price was noted +1.72. In a similar fashion, Couchbase Inc. posted a movement of +14.08% for the period of last 100 days, recording 182,569 in trading volumes.

Total Debt to Equity Ratio (D/E) can also provide valuable insight into the company’s financial health and market status. The debt to equity ratio can be calculated by dividing the present total liabilities of a company by shareholders’ equity. Debt to Equity thus makes a valuable metrics that describes the debt, company is using in order to support assets, correlating with the value of shareholders’ equity The total Debt to Equity ratio for BASE is recording 0.00 at the time of this writing. In addition, long term Debt to Equity ratio is set at 0.00.

Trends and Technical analysis: Couchbase Inc. (BASE)

Raw Stochastic average of Couchbase Inc. in the period of last 50 days is set at 26.18%. The result represents improvement in oppose to Raw Stochastic average for the period of the last 20 days, recording 17.22%. In the last 20 days, the company’s Stochastic %K was 20.27% and its Stochastic %D was recorded 25.60%.

Now, considering the stocks previous presentation, multiple moving trends are noted. Year-to-date Price performance of the company’s stock appears to be pessimistic, given the fact the metric is recording 5.13%. Additionally, trading for the stock in the period of the last six months notably deteriorated by -10.58%, alongside a downfall of -11.88% for the period of the last 12 months. The shares increased approximately by -14.48% in the 7-day charts and went down by -10.98% in the period of the last 30 days. Common stock shares were lifted by -2.45% during last recorded quarter.

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