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An Analysis of Couchbase Inc (BASE)’s Potential Price Growth

Couchbase Inc’s recently made public that its Director Carpenter Carol W. unloaded Company’s shares for reported $17154.0 on Aug 01 ’24. In the deal valued at $19.06 per share,900 shares were sold. As a result of this transaction, Carpenter Carol W. now holds 26,227 shares worth roughly $0.5 million.

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Then, Epstein Jeff sold 12,723 shares, generating $254,625 in total proceeds. Upon selling the shares at $20.01, the Director now owns 28,027 shares.

Before that, Epstein Jeff sold 7,277 shares. Couchbase Inc shares valued at $146,265 were divested by the Director at a price of $20.10 per share. As a result of the transaction, Epstein Jeff now holds 28,027 shares, worth roughly $0.53 million.

Piper Sandler initiated its Couchbase Inc [BASE] rating to an Overweight in a research note published on August 16, 2024; the price target was $22. A number of analysts have revised their coverage, including Needham’s analysts, who began to cover the stock in late June with a ‘”a Buy”‘ rating. Goldman also remained covering BASE and has decreased its forecast on June 06, 2024 with a “Sell” recommendation from previously “Neutral” rating. UBS started covering the stock on May 22, 2024. It rated BASE as “a Neutral”.

Price Performance Review of BASE

On Tuesday, Couchbase Inc [NASDAQ:BASE] saw its stock fall -3.31% to $18.97. Over the last five days, the stock has gained 1.39%. Couchbase Inc shares have fallen nearly -15.76% since the year began. Nevertheless, the stocks have risen 10.94% over the past one year. While a 52-week high of $32.00 was reached on 03/06/24, a 52-week low of $14.12 was recorded on 06/20/24. SMA at 50 days reached $18.23, while 200 days put it at $22.60.

Levels Of Support And Resistance For BASE Stock

The 24-hour chart illustrates a support level at 18.66, which if violated will result in even more drops to 18.35. On the upside, there is a resistance level at 19.53. A further resistance level may holdings at 20.09. The Relative Strength Index (RSI) on the 14-day chart is 55.34, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.66, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 33.89%. Stochastics %K at 87.10% indicates the stock is a selling.

How much short interest is there in Couchbase Inc?

A steep rise in short interest was recorded in Couchbase Inc stocks on 2024-08-15, growing by 0.29 million shares to a total of 1.57 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-15 was 1.28 million shares. There was a rise of 18.72%, which implies that there is a positive sentiment for the stock.

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