A share price of MongoDB Inc [MDB] is currently trading at $349.80, up 0.76%. An important factor to consider is whether the stock is rising or falling in short-term value. The MDB shares have lost -3.09% over the last week, with a monthly amount drifted -1.59%, and not seem to be holding up well over a long-time horizon.
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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.
MongoDB Inc experienced fluctuations in its stock price throughout the past year between $212.52 and $509.62. Currently, Wall Street analysts expect the stock to reach $445.53 within the next 12 months. MongoDB Inc [NASDAQ: MDB] shares were valued at $349.80 at the most recent close of the market. An investor can expect a potential return of 27.37% based on the average MDB price forecast.
Analyzing the MDB fundamentals
Trailing Twelve Months sales for MongoDB Inc [NASDAQ:MDB] were 1.68B which represents 26.76% growth. 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 343.25 points at the first support level, and at 336.70 for the second support level. However, for the 1st resistance point, the stock is sitting at 353.44, and for the 2nd resistance point, it is at 357.07.
Ratios To Look Out For
To put it in perspective, the Current Ratio for MongoDB Inc [NASDAQ:MDB] is 4.24. On the other hand, the Quick Ratio is 4.24, and the Cash Ratio is 1.42. Considering the valuation of this stock, the price to sales ratio is 15.12, the price to book ratio is 23.80.
Transactions by insiders
Recent insider trading involved MERRIMAN DWIGHT A, Director, that happened on Apr 08 ’24 when 2000.0 shares were sold. Chief Revenue Officer, Pech Cedric completed a deal on Apr 04 ’24 to sell 4726.0 shares. Meanwhile, Chief Revenue Officer Pech Cedric sold 4726.0 shares on Apr 03 ’24.
