MongoDB Inc. (NASDAQ:MDB) finished Friday with a subtraction of -$4.54 to close at $504.89, a downside of -0.89 percent. An average of 920,440 shares of common stock have been traded in the last five days. There was a gain of $13.08 in the past week, and it reached a new high 25 times over the past 12 months. The last 20 days have seen an average of 737,785 shares traded, while the 50-day average volume stands at 889,058.
MDB stock has decreased by -1.78% in the last month. The company shares reached their 1-month lowest point of $434.45 on 10/04/21. With the stock rallying to its 52-week high on 09/23/21, shares of the company touched a low of $219.51 and a high of $518.34 in 52 weeks. It has reached a new high 15 times so far this year and achieved 40.62% or $145.85 in price. In spite of this, the price is down -2.59% from the 52-week high.
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12 days have passed since MongoDB Inc. (MDB) last reported insider trading activity. Pech Cedric, who is Chief Revenue Officer, most recently acquired $10,000 shares at $447.48 per share on Oct 11. In this transaction, the insider spent $4,474,817. Chief Revenue Officer, Pech Cedric, disposed of 3,252 shares at a price of $448.40 on Oct 05. The insider now owns more than $1,458,192 worth of shares. Prior to that, Chief Revenue Officer Pech Cedric went on to Sale 279 shares at $460.55 each on Oct 04. An amount of $128,495 was transacted.
MongoDB Inc. (MDB) has a trailing price-to-earnings (P/E) ratio of 29.20 for the broader industry and 38.99 for the sector. The stock’s beta is 0.63. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 47.34, the price-to-book (PB) ratio at 47.54.
The quick ratio of MongoDB Inc. for the three months ended July 30 was 5.70, and the current ratio was 5.70, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 1.76 and a total debt to equity ratio of 1.77 for the quarter ending July 30. MongoDB Inc.’s EBITDA margin for the year ending July 30 is -31.97%, while its operating margin for the same period stands at -35.80%. Its gross profit as reported stood at $413.3 million compared to revenue of $590.38 million.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, MongoDB Inc.’s return on assets was -18.00%. For the broader industry, ROE averaged 3.34 over the past year.
For the three-month period that ended July 30, MongoDB Inc. had $653.83 million in cash. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of -$77.13 million in the quarter, while revenues of $15.62 million were grew 30.03%. The analyst consensus anticipated MongoDB Inc.’s latest quarter earnings to come in at -$0.39 per share, but it turned out to be -$0.24, a 38.50% surprise. For the quarter, EBITDA amounted to -$65.56 million. Shareholders own equity worth $66.18 million.
From a technical analysis perspective, let’s take a brief look at MongoDB Inc. (MDB) price momentum. RSI 9-day as of the close on 22 October was 61.39%, suggesting the stock is Neutral, with historical volatility in this time frame at 29.11%.
As of today, MDB’s price is $506.16 +2.66% or $13.08 from its 5-day moving average. MDB is currently trading -0.62% lower than its 20-day SMA and +75.55% higher than its 100-day SMA. However, the stock’s current price level is +35.44% above the SMA50 and +43.57% above the SMA200.
The stochastic %K and %D were 86.24% and 88.57%, respectively, and the average true range (ATR) was 18.16. With the 14-day stochastic at 83.35% and the average true range at 18.69, the RSI (14) stands at 59.90%. The stock has reached 8.84 on the 9-day MACD Oscillator while the 14-day reading was at 22.57.
UBS reiterated its a Neutral rating on MongoDB Inc. (NASDAQ: MDB), but raised their price target to $300, indicating a potential price decrease of -68.3% for the stock. The consensus rating for MongoDB Inc. (MDB) among analysts is Overweight. According to current brokerage recommendations, 1 brokerage firm advise that investors sell MDB, while 5 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 12 others rate it as a “buy”.
What is MDB’s price target for the next 12 months?
Analysts predict a range of price targets between $410.00 and $590.00, with a median target of $480.00. Taking a look at these predictions, the average price target given by analysts for MongoDB Inc. (MDB) stock is $489.15.