MongoDB Inc (MDB) stock shows 52-week fluctuation between $198.72 and $509.62

MongoDB Inc [MDB] stock prices are up 0.14% to $363.32 at the moment. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The MDB shares have gain 2.03% over the last week, with a monthly amount drifted -11.82%, and not seem to be holding up well over a long-time horizon.

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On 7, March 2024, MongoDB, Inc. Announces Fourth Quarter and Full Year Fiscal 2024 Financial Results. In a post published today on Yahoo Finance, Fourth Quarter Fiscal 2024 Total Revenue of $458.0 million, up 27% Year-over-Year.

From an analyst’s perspective:

MongoDB Inc [NASDAQ: MDB] stock has seen the most recent analyst activity on March 19, 2024, when Redburn Atlantic downgraded its rating to a Sell and also revised its price target to $295 from $410. Previously, DA Davidson upgraded its rating to Buy on March 08, 2024, and elevated its price target to $430. On January 04, 2024, downgrade downgraded it’s rating to Neutral and revised its price target to $410 on the stock. Wells Fargo started tracking the stock assigning a Overweight rating and suggested a price target of $500 on November 16, 2023. CapitalOne upgraded its rating to a Overweight but $427 remained the price target by the analyst firm on November 08, 2023. BofA Securities started tracking with a Buy rating for this stock on October 12, 2023, and assigned it a price target of $450. In a note dated October 10, 2023, Scotiabank initiated an Sector Perform rating and provided a target price of $335 on this stock.

The stock price of MongoDB Inc [MDB] has been fluctuating between $198.72 and $509.62 over the past year. Currently, Wall Street analysts expect the stock to reach $445.53 within the next 12 months. MongoDB Inc [NASDAQ: MDB] shares were valued at $363.32 at the most recent close of the market. An investor can expect a potential return of 22.63% based on the average MDB price forecast.

Analyzing the MDB fundamentals

The MongoDB Inc [NASDAQ:MDB] reported sales of 1.68B for trailing twelve months, representing a surge of 26.76%. Gross Profit Margin for this corporation currently stands at 0.75% with Operating Profit Margin at -0.14%, Pretax Profit Margin comes in at -0.1%, and Net Profit Margin reading is -0.1%. To continue investigating profitability, this company’s Return on Assets is posted at -0.06, Equity is -0.19 and Total Capital is -0.1. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 1.08.

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 356.50 points at the first support level, and at 349.67 for the second support level. However, for the 1st resistance point, the stock is sitting at 368.77, and for the 2nd resistance point, it is at 374.21.

MongoDB Inc [MDB] reported earnings per share of $0.86 for its fiscal quarter that ended on 1/30/2024. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.47/share, meaning a difference of $0.39 and a surprise factor of 83.00%. By comparison, the stated earnings for the previous quarter ended on 10/30/2023 were $0.96 per share as compared to estimates of $0.5 per share, a difference of $0.46 representing a surprise of 92.00%.

Ratios To Look Out For

It’s worth pointing out that MongoDB Inc [NASDAQ:MDB]’s Current Ratio is 4.24. Also, the Quick Ratio is 4.24, while the Cash Ratio stands at 1.42. Considering the valuation of this stock, the price to sales ratio is 15.70, the price to book ratio is 24.72.

Transactions by insiders

Recent insider trading involved Pech Cedric, Chief Revenue Officer, that happened on Apr 04 ’24 when 4726.0 shares were sold. Chief Revenue Officer, Pech Cedric completed a deal on Apr 03 ’24 to sell 4726.0 shares. Meanwhile, Director MERRIMAN DWIGHT A sold 4000.0 shares on Apr 03 ’24.

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