MongoDB Inc (NASDAQ: MDB)’s stock price has plunge by 3.08relation to previous closing price of 275.21. Nevertheless, the company has seen a 8.71% surge in its stock price over the last five trading sessions. globenewswire.com reported 2024-10-29 that NEW YORK, Oct. 29, 2024 (GLOBE NEWSWIRE) — Bragar Eagel & Squire, P.C., a nationally recognized shareholder rights law firm, is investigating potential claims against MongoDB, Inc. (NASDAQ: MDB) on behalf of long-term stockholders following a class action complaint that was filed against MongoDB on July 9, 2024 with a Class Period from August 31, 2023 to May 30, 2024. Our investigation concerns whether the board of directors of MongoDB have breached their fiduciary duties to the company.
Is It Worth Investing in MongoDB Inc (NASDAQ: MDB) Right Now?
The 36-month beta value for MDB is at 1.15. Analysts have varying views on the stock, with 1 analysts rating it as a “buy,” 2 rating it as “overweight,” 4 as “hold,” and 0 as “sell.”
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The public float for MDB is 71.24M, and currently, shorts hold a 4.81% of that float. The average trading volume for MDB on October 31, 2024 was 1.26M shares.
MDB’s Market Performance
The stock of MongoDB Inc (MDB) has seen a 8.71% increase in the past week, with a 10.12% rise in the past month, and a 18.54% gain in the past quarter. The volatility ratio for the week is 2.58%, and the volatility levels for the past 30 days are at 3.34% for MDB. The simple moving average for the last 20 days is 3.95% for MDB stock, with a simple moving average of -10.78% for the last 200 days.
Analysts’ Opinion of MDB
Loop Capital, on the other hand, stated in their research note that they expect to see MDB reach a price target of $415. The rating they have provided for MDB stocks is “Buy” according to the report published on April 23rd, 2024.
Redburn Atlantic gave a rating of “Sell” to MDB, setting the target price at $295 in the report published on March 19th of the current year.
MDB Trading at 3.86% 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 -44.33% of loss for the given period.
Volatility was left at 3.34%, however, over the last 30 days, the volatility rate increased by 2.58%, as shares surge +11.53% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +12.03% upper at present.
During the last 5 trading sessions, MDB rose by +8.71%, which changed the moving average for the period of 200-days by -30.03% in comparison to the 20-day moving average, which settled at $272.92. In addition, MongoDB Inc saw -30.61% 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 Gordon Michael Lawrence, who sale 5,000 shares at the price of $290.31 back on Oct 14 ’24. After this action, Gordon Michael Lawrence now owns 80,307 shares of MongoDB Inc, valued at $1,451,571 using the latest closing price.
MERRIMAN DWIGHT A, the Director of MongoDB Inc, sale 1,385 shares at $287.82 during a trade that took place back on Oct 15 ’24, which means that MERRIMAN DWIGHT A is holding 89,063 shares at $398,631 based on the most recent closing price.
Stock Fundamentals for MDB
Current profitability levels for the company are sitting at:
- -0.16 for the present operating margin
- 0.74 for the gross margin
The net margin for MongoDB Inc stands at -0.12. The total capital return value is set at -0.11. Equity return is now at value -19.56, with -7.61 for asset returns.
Based on MongoDB Inc (MDB), the company’s capital structure generated 0.46 points at debt to capital in total, while cash flow to debt ratio is standing at 0.13. The debt to equity ratio resting at 0.85. The interest coverage ratio of the stock is -61.68.
Currently, EBITDA for the company is -233.73 million with net debt to EBITDA at 0.25. When we switch over and look at the enterprise to sales, we see a ratio of 11.48. The receivables turnover for the company is 5.85for trailing twelve months and the total asset turnover is 0.58. The liquidity ratio also appears to be rather interesting for investors as it stands at 4.85.
Conclusion
In conclusion, MongoDB Inc (MDB) has had a mixed performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others 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.
