At the time of writing, MongoDB Inc [MDB] stock is trading at $294.12, up 4.68%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The MDB shares have gain 8.77% over the last week, with a monthly amount glided 6.76%, and 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.
For the past year, the stock price of MongoDB Inc fluctuated between $212.74 and $509.62. Currently, Wall Street analysts expect the stock to reach $373.27 within the next 12 months. MongoDB Inc [NASDAQ: MDB] shares were valued at $294.12 at the most recent close of the market. An investor can expect a potential return of 26.91% based on the average MDB price forecast.
Analyzing the MDB fundamentals
According to MongoDB Inc [NASDAQ:MDB], the company’s sales were 1.82B for trailing twelve months, which represents an 12.82% jump. Gross Profit Margin for this corporation currently stands at 0.74% with Operating Profit Margin at -0.16%, 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 -0.19 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 0.85.
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 284.82 points at the first support level, and at 275.53 for the second support level. However, for the 1st resistance point, the stock is sitting at 299.46, and for the 2nd resistance point, it is at 304.81.
Ratios To Look Out For
It is important to note that MongoDB Inc [NASDAQ:MDB] has a current ratio of 4.85. As well, the Quick Ratio is 4.85, while the Cash Ratio is 2.39. Considering the valuation of this stock, the price to sales ratio is 11.94, the price to book ratio is 15.94.
Transactions by insiders
Recent insider trading involved MERRIMAN DWIGHT A, Director, that happened on Nov 04 ’24 when 3000.0 shares were sold. Director, MERRIMAN DWIGHT A completed a deal on Nov 04 ’24 to buy 3000.0 shares. Meanwhile, COO and CFO Gordon Michael Lawrence sold 5000.0 shares on Oct 14 ’24.
