MongoDB Inc (MDB): A Technical Analysis

MDB has 36-month beta value of 1.21. Analysts have mixed views on the stock, with 1 analysts rating it as a “buy,” 2 as “overweight,” 4 as “hold,” and 0 as “sell.”

The public float for MDB is 70.05M, and currently, short sellers hold a 4.65% ratio of that float. The average trading volume of MDB on April 03, 2024 was 1.40M shares.

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MDB) stock’s latest price update

MongoDB Inc (NASDAQ: MDB) has experienced a decline in its stock price by -1.64 compared to its previous closing price of 347.82. However, the company has seen a fall of -3.39% in its stock price over the last five trading days. MarketBeat reported 2024-04-01 that The Q1 reporting season brought mixed results from tech stocks for Q4. The ultimate takeaway is that digitization continues, cloud growth accelerates, and AI drives a robust outlook.

MDB’s Market Performance

MDB’s stock has fallen by -3.39% in the past week, with a monthly drop of -22.07% and a quarterly drop of -10.84%. The volatility ratio for the week is 2.42% while the volatility levels for the last 30 days are 3.78% for MongoDB Inc The simple moving average for the past 20 days is -6.99% for MDB’s stock, with a -11.96% simple moving average for the past 200 days.

Analysts’ Opinion of MDB

Many brokerage firms have already submitted their reports for MDB stocks, with Redburn Atlantic repeating the rating for MDB by listing it as a “Sell.” The predicted price for MDB in the upcoming period, according to Redburn Atlantic is $295 based on the research report published on March 19, 2024 of the current year 2024.

DA Davidson, on the other hand, stated in their research note that they expect to see MDB reach a price target of $430, previously predicting the price at $405. The rating they have provided for MDB stocks is “Buy” according to the report published on March 08th, 2024.

UBS gave a rating of “Neutral” to MDB, setting the target price at $410 in the report published on January 04th of the current year.

MDB Trading at -17.00% from the 50-Day Moving Average

After a stumble in the market that brought MDB to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -32.87% of loss for the given period.

Volatility was left at 3.78%, however, over the last 30 days, the volatility rate increased by 2.42%, as shares sank -15.62% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -17.34% lower at present.

During the last 5 trading sessions, MDB fell by -3.50%, which changed the moving average for the period of 200-days by -11.33% in comparison to the 20-day moving average, which settled at $364.67. In addition, MongoDB Inc saw -16.32% in overturn over a single year, with a tendency to cut further losses.

Insider Trading

Reports are indicating that there were more than several insider trading activities at MDB starting from BOTHA ROELOF, who sale 27,000 shares at the price of $372.08 back on Mar 13 ’24. After this action, BOTHA ROELOF now owns 217,513 shares of MongoDB Inc, valued at $10,046,210 using the latest closing price.

MERRIMAN DWIGHT A, the Director of MongoDB Inc, sale 6,000 shares at $432.15 during a trade that took place back on Mar 04 ’24, which means that MERRIMAN DWIGHT A is holding 1,160,784 shares at $2,592,885 based on the most recent closing price.

Stock Fundamentals for MDB

Current profitability levels for the company are sitting at:

  • -0.14 for the present operating margin
  • 0.75 for the gross margin

The net margin for MongoDB Inc stands at -0.1. The total capital return value is set at -0.1. Equity return is now at value -19.53, with -6.47 for asset returns.

Based on MongoDB Inc (MDB), the company’s capital structure generated 0.52 points at debt to capital in total, while cash flow to debt ratio is standing at 0.1. The debt to equity ratio resting at 1.08. The interest coverage ratio of the stock is 17.03.

Currently, EBITDA for the company is -233.73 million with net debt to EBITDA at -2.02. When we switch over and look at the enterprise to sales, we see a ratio of 15.03. The receivables turnover for the company is 5.17for trailing twelve months and the total asset turnover is 0.59. The liquidity ratio also appears to be rather interesting for investors as it stands at 4.24.

Conclusion

To put it simply, MongoDB Inc (MDB) has had a bad performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.

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