The stock has a 36-month beta value of 1.19. Opinions on the stock are mixed, with 1 analysts rating it as a “buy,” 2 as “overweight,” 4 as “hold,” and 0 as “sell.”
The public float for MDB is 70.15M, and at present, short sellers hold a 5.64% of that float. On May 02, 2024, the average trading volume of MDB was 1.41M shares.
MDB) stock’s latest price update
The stock of MongoDB Inc (NASDAQ: MDB) has increased by 2.23 when compared to last closing price of 365.18. Despite this, the company has experienced a 1.09% gain in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-04-30 that In the latest trading session, MongoDB (MDB) closed at $365.18, marking a -1.82% move from the previous day.
MDB’s Market Performance
MDB’s stock has risen by 1.09% in the past week, with a monthly rise of 7.33% and a quarterly drop of -6.79%. The volatility ratio for the week is 4.15% while the volatility levels for the last 30 days are 3.81% for MongoDB Inc The simple moving average for the past 20 days is 5.23% for MDB’s stock, with a -2.96% simple moving average for the past 200 days.
Analysts’ Opinion of MDB
Many brokerage firms have already submitted their reports for MDB stocks, with Loop Capital repeating the rating for MDB by listing it as a “Buy.” The predicted price for MDB in the upcoming period, according to Loop Capital is $415 based on the research report published on April 23, 2024 of the current year 2024.
Redburn Atlantic, on the other hand, stated in their research note that they expect to see MDB reach a price target of $295, previously predicting the price at $410. The rating they have provided for MDB stocks is “Sell” according to the report published on March 19th, 2024.
DA Davidson gave a rating of “Buy” to MDB, setting the target price at $430 in the report published on March 08th of the current year.
MDB Trading at -1.20% 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 -26.74% of loss for the given period.
Volatility was left at 3.81%, however, over the last 30 days, the volatility rate increased by 4.15%, as shares surge +9.86% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -16.07% lower at present.
During the last 5 trading sessions, MDB rose by +1.09%, which changed the moving average for the period of 200-days by -8.76% in comparison to the 20-day moving average, which settled at $356.45. In addition, MongoDB Inc saw -8.69% 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 16.41. 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 sum up, MongoDB Inc (MDB) has seen a mixed performance recently. Analysts have differing views on the stock, with some seeing 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.
