MongoDB Inc (NASDAQ:MDB) traded with an addition of $10.03 to close at $353.14on Friday, an upside of 2.92 percent. An average of 1,048,154 shares of common stock have been traded in the last five days. There was a gain of $17.39 in the past week, and it reached a new high 21 times over the past 12 months. The last 20 days have seen an average of 1,346,249 shares traded, while the 50-day average volume stands at 1,289,933.
MDB stock has decreased by -5.96% in the last month. The company shares reached their 1-month lowest point of $323.01 on 09/28/23. With the stock rallying to its 52-week high on 07/19/23, shares of the company touched a low of $135.15 and a high of $439.00 in 52 weeks. It has reached a new high 22 times so far this year and achieved 79.41% or $156.31 in price. In spite of this, the price is down -19.56% from the 52-week high.
Insider Transactions
MDB stock investors should be aware that MongoDB Inc (MDB) stock had its last reported insider trading activity 3 days ago on Sep 26. In this transaction, the insider spent $43,845,181. Director, Cochran Hope F, disposed of 2,174 shares at a price of $361.31 on Sep 15. The insider now owns more than $785,488 worth of shares. Prior to that, COO and CFO Gordon Michael Lawrence went on to Sale 5,000 shares at $370.82 each on Sep 14. An amount of $1,854,119 was transacted.
Valuation Metrics
MongoDB Inc (MDB) has a trailing price-to-earnings (P/E) ratio of N/A for the broader industry. The stock’s beta is 1.14. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 16.94, the price-to-book (PB) ratio at 28.47, and the price-to-cash flow ratio at 458.06.
Financial Health
The quick ratio of MongoDB Inc for the three months ended July 30 was 4.32, and the current ratio was 4.32, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 1.38 and a total debt to equity ratio of 1.39 for the quarter ending July 30. Its gross profit as reported stood at $934.74 million compared to revenue of $1.28 billion.
Earnings Surprise
In the quarter under review, the net income was up than the previous quarter. The company posted a net income of -$37.6 million in the quarter, while revenues of -$54.25 million were shrunk -216.14%. The analyst consensus anticipated MongoDB Inc’s latest quarter earnings to come in at $0.46 per share, but it turned out to be $0.93, a 102.20% surprise. For the quarter, EBITDA amounted to -$40.74 million. Shareholders own equity worth $71.34 million.
Technical Picture
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 28 September was 51.81%, suggesting the stock is Neutral, with historical volatility in this time frame at 42.57%.
As of today, MDB’s price is $336.61 +5.18% or $17.39 from its 5-day moving average. MDB is currently trading -7.38% lower than its 20-day SMA and +43.02% higher than its 100-day SMA. However, the stock’s current price level is -14.42% below the SMA50 and +73.81% above the SMA200.
The stochastic %K and %D were 26.44% and 14.19%, respectively, and the average true range (ATR) was 13.21. With the 14-day stochastic at 45.70% and the average true range at 13.60, the RSI (14) stands at 47.80%. The stock has reached 1.51 on the 9-day MACD Oscillator while the 14-day reading was at -7.83.
Analyst Ratings
CapitalOne launched coverage on MongoDB Inc (NASDAQ: MDB) in its analyst report released on June 26, 2023. The firm assigned the stock an Equal weight rating. 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 6 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 4 analysts, while 17 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 $250.00 and $500.00, with a median target of $450.00. Taking a look at these predictions, the average price target given by analysts for MongoDB Inc (MDB) stock is $433.63.
