MongoDB Inc [MDB] stock is trading at $443.45, down -1.44%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The MDB shares have gain 3.73% over the last week, with a monthly amount glided 5.54%, and seem to be holding up well over a long-time horizon.
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On 21, February 2024, MongoDB, Inc. Announces Date of Fourth Quarter and Full Year Fiscal 2024 Earnings Call. In a post published today on Yahoo Finance, MongoDB, Inc. (NASDAQ: MDB) today announced it will report its fourth quarter and full year fiscal year 2024 financial results for the three months ended January 31, 2024, after the U.S. financial markets close on Thursday, March 7, 2024.
From an analyst’s perspective:
MongoDB Inc [NASDAQ: MDB] stock has seen the most recent analyst activity on January 04, 2024, when UBS downgraded its rating to a Neutral and also revised its price target to $410 from $475. Previously, Wells Fargo started tracking the stock with Overweight rating on November 16, 2023, and set its price target to $500. On November 08, 2023, upgrade upgraded it’s rating to Overweight but maintained its price target of $427 on the stock. BofA Securities started tracking the stock assigning a Buy rating and suggested a price target of $450 on October 12, 2023. Scotiabank initiated its recommendation with a Sector Perform and recommended $335 as its price target on October 10, 2023. CapitalOne started tracking with a Equal Weight rating for this stock on June 26, 2023, and assigned it a price target of $396. In a note dated May 26, 2023, Guggenheim downgraded an Sell rating on this stock and boosted its target price from $205 to $210.
MongoDB Inc [MDB] stock has fluctuated between $189.59 and $509.62 over the past year. Currently, Wall Street analysts expect the stock to reach $412.5 within the next 12 months. MongoDB Inc [NASDAQ: MDB] shares were valued at $443.45 at the most recent close of the market. An investor can expect a potential drop of -6.98% based on the average MDB price forecast.
Analyzing the MDB fundamentals
MongoDB Inc [NASDAQ:MDB] reported sales of 1.59B for the trailing twelve months, which represents a growth of 29.77%. Gross Profit Margin for this corporation currently stands at 0.75% with Operating Profit Margin at -0.15%, Pretax Profit Margin comes in at -0.11%, and Net Profit Margin reading is -0.12%. To continue investigating profitability, this company’s Return on Assets is posted at -0.07, Equity is -0.22 and Total Capital is -0.11. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of1.22.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 439.63 points at the first support level, and at 435.81 for the second support level. However, for the 1st resistance point, the stock is sitting at 447.91, and for the 2nd resistance point, it is at 452.38.
MongoDB Inc [MDB] reported earnings per share of $0.96 for its fiscal quarter that ended on 10/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.5/share, meaning a difference of $0.46 and a surprise factor of 92.00%. By comparison, the stated earnings for the previous quarter ended on 7/30/2023 were $0.93 per share as compared to estimates of $0.46 per share, a difference of $0.47 representing a surprise of 102.20%.
Ratios To Look Out For
For context, MongoDB Inc’s Current Ratio is 4.56. In addition, the Quick Ratio stands at 4.56 and the Cash Ratio stands at 0.98. Considering the valuation of this stock, the price to sales ratio is 20.18, the price to book ratio is 32.98.
Transactions by insiders
In the past 3 months, 0 insiders have purchased 0 shares, and 1 have sold 12,135 shares. Recent insider trading involved Gordon Michael Lawrence, COO and CFO, that happened on Feb 09 when 10000.0 shares were sold. COO and CFO, Gordon Michael Lawrence completed a deal on Feb 08 to sell 10000.0 shares. Meanwhile, Director MERRIMAN DWIGHT A sold 2000.0 shares on Feb 08.
