MongoDB Inc (NASDAQ: MDB)’s stock price has increased by 0.76 compared to its previous closing price of 347.17. However, the company has seen a -3.09% decrease in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-04-16 that The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock’s price.
Is It Worth Investing in MongoDB Inc (NASDAQ: MDB) Right Now?
The 36-month beta value for MDB is also noteworthy at 1.21. There are mixed opinions on the stock, with 1 analysts rating it as a “buy,” 2 rating it as “overweight,” 4 rating it as “hold,” and 0 rating it as “sell.”
The public float for MDB is 70.06M, and at present, short sellers hold a 5.36% of that float. The average trading volume of MDB on April 17, 2024 was 1.38M shares.
MDB’s Market Performance
The stock of MongoDB Inc (MDB) has seen a -3.09% decrease in the past week, with a -1.59% drop in the past month, and a -13.72% fall in the past quarter. The volatility ratio for the week is 2.82%, and the volatility levels for the past 30 days are at 3.01% for MDB. The simple moving average for the last 20 days is -1.34% for MDB stock, with a simple moving average of -9.65% for the last 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 -13.03% 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 -31.36% of loss for the given period.
Volatility was left at 3.01%, however, over the last 30 days, the volatility rate increased by 2.82%, as shares sank -1.84% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -19.77% lower at present.
During the last 5 trading sessions, MDB fell by -3.09%, which changed the moving average for the period of 200-days by -13.20% in comparison to the 20-day moving average, which settled at $354.23. In addition, MongoDB Inc saw -14.44% 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 MERRIMAN DWIGHT A, who sale 2,000 shares at the price of $365.00 back on Apr 08 ’24. After this action, MERRIMAN DWIGHT A now owns 1,154,784 shares of MongoDB Inc, valued at $730,000 using the latest closing price.
Pech Cedric, the Chief Revenue Officer of MongoDB Inc, sale 4,726 shares at $350.00 during a trade that took place back on Apr 04 ’24, which means that Pech Cedric is holding 35,992 shares at $1,654,100 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 15.37. 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
In summary, MongoDB Inc (MDB) has had a bad performance as of late. Analysts have mixed opinions on the stock, with some viewing 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.
