As of Thursday close, MongoDB Inc.’s (NASDAQ:MDB) stock was down -$18.04, moving down -5.13 percent to $333.62. The average number of shares traded per day over the past five days has been 997,240 shares. 1 time new highs have been achieved over the past 5 days, with a -$32.30 fall in that time frame. In the last twenty days, the average volume was 1,466,150, while in the previous 50 days, it was 1,363,670.
Since last month, MDB stock retreated -7.85%. Shares of the company fell to $331.95 on 09/21/23, 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 69.49% or $136.78, and marked a new high 22 times. However, the stock has declined by -24.00% since its 52-week high.
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MDB stock investors should be aware that MongoDB Inc. (MDB) stock had its last reported insider trading activity 7 days ago on Sep 15. Cochran Hope F, the Director of the company, disposed of 2,174 shares for $361.31 on Sep 15. It resulted in a $785,488 divestment by the insider. Gordon Michael Lawrence sold 5,000 shares at an average price of $370.82 on Sep 14. The insider now owns 101,509 shares following the transaction. On Sep 07, Chief Revenue Officer Pech Cedric sold 16,143 shares at $378.86 apiece. The transaction was valued at $6,115,921.
Valuation Metrics
The stock’s beta is 1.13. Besides these, the trailing price-to-sales (P/S) ratio of 16.17, the price-to-book (PB) ratio of 26.71, and the price-to-cash flow ratio of 532.09 may also be considered.
Financial Health
In the three months ended July 30, MongoDB Inc.’s quick ratio stood at 4.50, while its current ratio was 4.50, 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 July 30 was 1.34, and the total debt-to-equity ratio was 1.34. On the profitability front, the trailing twelve-month gross margin is 74.10% percent. In the year ended July 30, EBITDA margin amounted to -24.72%, whereas operating margins totaled -18.40%. 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 -31.10%.
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 28.29% to $368.28 million during the quarter, while net income inched up to $423.45 million. While analysts expected MongoDB Inc. to report $0.46 quarterly earnings, the actual figure was $0.93 per share, beating the consensus estimate by 102.20%. During the quarter, the company generated -$40.74 million in EBITDA. The liabilities of MongoDB Inc. were 1.76 billion at the end of its most recent quarter ended July 30, and its total debt was $1.23 billion. The value of shareholders’ equity is $71.34 million.
Technical Picture
This quick technical analysis looks at MongoDB Inc.’s (MDB) price momentum. With a historical volatility rate of 40.95%, the RSI 9-day stood at 24.78% on 21 September.
With respect to its five-day moving average, the current MongoDB Inc. price is down by -8.83% percent or -$32.30. At present, MDB shares trade -10.01% below its 20-day simple moving average and +39.03% percent above its 100-day simple moving average. However, the stock is currently trading approximately -14.69% below its SMA50 and +108.29% above its SMA200.
Stochastic coefficient K was 4.45% and Stochastic coefficient D was 6.17%, while ATR was 13.45. Given the Stochastic reading of 2.04% for the 14-day period, the RSI (14) reading has been calculated as 32.30%. As of today, the MACD Oscillator reading stands at -15.89, while the 14-day reading stands at -23.73.
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 6 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 4 analysts rate MongoDB Inc. stock as buy, with 17 recommending it as overweight.
With a median target price of $450.00, the current consensus forecast for the stock is $250.00 – $500.00. Based on these forecasts, analysts predict MongoDB Inc. (MDB) will achieve an average price target of $433.63.
