As of Thursday close, MongoDB Inc.’s (NASDAQ:MDB) stock was up $5.78, moving up 1.54 percent to $381.30. The average number of shares traded per day over the past five days has been 1,553,840 shares. 5 times new highs have been achieved over the past 5 days, with a $20.55 gain in that time frame. In the last twenty days, the average volume was 1,308,765, while in the previous 50 days, it was 1,466,646.
Since last month, MDB stock retreated -4.37%. Shares of the company fell to $342.01 on 08/18/23, the lowest level in the past month. A 52-week high of $439.00 was reached on 07/19/23 after having rallying from a 52-week low of $135.15. Since the beginning of this year, MDB’s stock price has risen by 93.71% or $184.46, and marked a new high 22 times. However, the stock has declined by -13.14% since its 52-week high.
MDB stock investors should be aware that MongoDB Inc. (MDB) stock had its last reported insider trading activity 28 days ago on Aug 04. MERRIMAN DWIGHT A, the Director of the company, disposed of 6,000 shares for $415.06 on Aug 04. It resulted in a $2,490,360 divestment by the insider. MERRIMAN DWIGHT A sold 2,000 shares at an average price of $420.00 on Aug 01. The insider now owns 536,896 shares following the transaction. On Jul 18, Director MERRIMAN DWIGHT A sold 1,000 shares at $420.00 apiece. The transaction was valued at $420,000.
Valuation Metrics
The stock’s beta is 1.11. Besides these, the trailing price-to-sales (P/S) ratio of 19.54, the price-to-book (PB) ratio of 33.77, and the price-to-cash flow ratio of 1117.74 may also be considered.
Financial Health
In the three months ended April 29, MongoDB Inc.’s quick ratio stood at 4.20, while its current ratio was 4.20, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending April 29 was 1.49, and the total debt-to-equity ratio was 1.50. On the profitability front, the trailing twelve-month gross margin is 73.00% percent. In the year ended April 29, EBITDA margin amounted to -24.72%, whereas operating margins totaled -24.80%. Based on annual data, MDB earned $934.74 million in gross profit and brought in $1.28 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was -18.60%. Return on equity (ROE) for the past 12 months was -44.70%.
According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. MDB’s revenue rose 22.49% to $361.31 million during the quarter, while net income inched up to $368.28 million. While analysts expected MongoDB Inc. to report $0.19 quarterly earnings, the actual figure was $0.56 per share, beating the consensus estimate by 194.70%. During the quarter, the company generated -$60.11 million in EBITDA. The liabilities of MongoDB Inc. were 1.79 billion at the end of its most recent quarter ended April 29, and its total debt was $1.23 billion. The value of shareholders’ equity is $70.58 million.
Technical Picture
This quick technical analysis looks at MongoDB Inc.’s (MDB) price momentum. With a historical volatility rate of 31.90%, the RSI 9-day stood at 59.25% on 31 August.
With respect to its five-day moving average, the current MongoDB Inc. price is up by +5.70% percent or $20.55. At present, MDB shares trade -5.34% below its 20-day simple moving average and +77.97% percent above its 100-day simple moving average. However, the stock is currently trading approximately +2.24% above its SMA50 and +116.72% above its SMA200.
Stochastic coefficient K was 74.59% and Stochastic coefficient D was 58.13%, while ATR was 15.34. Given the Stochastic reading of 86.77% for the 14-day period, the RSI (14) reading has been calculated as 53.80%. As of today, the MACD Oscillator reading stands at 8.72, while the 14-day reading stands at 11.40.
Analyst Ratings
CapitalOne launched its rating on MongoDB Inc. (NASDAQ: MDB) to an Equal weight in a note to investors on June 26, 2023. MongoDB Inc. (MDB) has been rated Overweight by analysts. According to 1 brokerage firm, MDB is a sell, and 5 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 5 analysts rate MongoDB Inc. stock as buy, with 17 recommending it as overweight.
With a median target price of $424.00, the current consensus forecast for the stock is $220.00 – $480.00. Based on these forecasts, analysts predict MongoDB Inc. (MDB) will achieve an average price target of $408.83.
