MongoDB Inc [MDB] stock prices are down -1.47% to $223.67 at the moment. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The MDB shares have lost -0.42% over the last week, with a monthly amount drifted -39.54%, 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 June 03, 2024, when Guggenheim upgraded its rating to a Neutral. Previously, Loop Capital started tracking the stock with Buy rating on April 23, 2024, and set its price target to $415. On March 19, 2024, downgrade downgraded it’s rating to Sell and revised its price target to $295 on the stock. DA Davidson upgraded its rating to a Buy and increased its price target to $430 on March 08, 2024. UBS downgraded its rating to a Neutral and reduced its price target to $410 on January 04, 2024. Wells Fargo started tracking with a Overweight rating for this stock on November 16, 2023, and assigned it a price target of $500. In a note dated November 08, 2023, CapitalOne upgraded an Overweight rating on this stock but restated the target price of $427.
The stock price of MongoDB Inc [MDB] has been fluctuating between $217.95 and $509.62 over the past year. Currently, Wall Street analysts expect the stock to reach $378.85 within the next 12 months. MongoDB Inc [NASDAQ: MDB] shares were valued at $223.67 at the most recent close of the market. An investor can expect a potential return of 69.38% based on the average MDB price forecast.
Analyzing the MDB fundamentals
The MongoDB Inc [NASDAQ:MDB] reported sales of 1.77B for trailing twelve months, representing a surge of 22.34%. Gross Profit Margin for this corporation currently stands at 0.74% with Operating Profit Margin at -0.15%, Pretax Profit Margin comes in at -0.11%, and Net Profit Margin reading is -0.11%. To continue investigating profitability, this company’s Return on Assets is posted at -0.07, Equity is -0.19 and Total Capital is -0.11. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.91.
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 219.91 points at the first support level, and at 216.16 for the second support level. However, for the 1st resistance point, the stock is sitting at 226.96, and for the 2nd resistance point, it is at 230.26.
Ratios To Look Out For
It’s worth pointing out that MongoDB Inc [NASDAQ:MDB]’s Current Ratio is 4.76. Further, the Quick Ratio stands at 4.76, while the Cash Ratio is 1.52. Considering the valuation of this stock, the price to sales ratio is 9.29, the price to book ratio is 12.93.
Transactions by insiders
Recent insider trading involved MERRIMAN DWIGHT A, Director, that happened on Jun 04 ’24 when 2000.0 shares were sold. Director, MERRIMAN DWIGHT A completed a deal on May 03 ’24 to sell 6000.0 shares. Meanwhile, Director MERRIMAN DWIGHT A sold 1000.0 shares on May 01 ’24.
