The stock of MongoDB Inc. (MDB) has seen a 1.26% increase in the past week, with a 8.47% gain in the past month, and a 5.27% flourish in the past quarter. The volatility ratio for the week is 4.90%, and the volatility levels for the past 30 days are at 4.50% for MDB. The simple moving average for the past 20 days is 4.90% for MDB’s stock, with a 5.19% simple moving average for the past 200 days.
Is It Worth Investing in MongoDB Inc. (NASDAQ: MDB) Right Now?
Additionally, the 36-month beta value for MDB is 1.06. There are mixed opinions on the stock, with 18 analysts rating it as a “buy,” 4 rating it as “overweight,” 5 rating it as “hold,” and 0 rating it as “sell.”
The average price predicted by analysts for MDB is $248.81, which is $17.32 above the current price. The public float for MDB is 66.20M and currently, short sellers hold a 5.38% ratio of that float. The average trading volume of MDB on April 28, 2023 was 1.64M shares.
MDB) stock’s latest price update
MongoDB Inc. (NASDAQ: MDB) has experienced a decline in its stock price by -2.14 compared to its previous closing price of 240.95. However, the company has seen a gain of 1.26% in its stock price over the last five trading days.
Analysts’ Opinion of MDB
Many brokerage firms have already submitted their reports for MDB stocks, with Morgan Stanley repeating the rating for MDB by listing it as a “Overweight.” The predicted price for MDB in the upcoming period, according to Morgan Stanley is $270 based on the research report published on April 12th of the current year 2023.
Bernstein, on the other hand, stated in their research note that they expect to see MDB reach a price target of $282. The rating they have provided for MDB stocks is “Outperform” according to the report published on February 17th, 2023.
Guggenheim gave a rating of “Neutral” to MDB, setting the target price at $205 in the report published on January 27th of the current year.
MDB Trading at 8.08% from the 50-Day Moving Average
After a stumble in the market that brought MDB to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -39.67% of loss for the given period.
Volatility was left at 4.50%, however, over the last 30 days, the volatility rate increased by 4.90%, as shares surge +8.99% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +2.18% upper at present.
During the last 5 trading sessions, MDB rose by +2.48%, which changed the moving average for the period of 200-days by -19.18% in comparison to the 20-day moving average, which settled at $225.78. In addition, MongoDB Inc. saw 19.80% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at MDB starting from Ittycheria Dev, who sale 49,249 shares at the price of $227.55 back on Apr 03. After this action, Ittycheria Dev now owns 222,311 shares of MongoDB Inc., valued at $11,206,414 using the latest closing price.
Gordon Michael Lawrence, the COO and CFO of MongoDB Inc., sale 5,157 shares at $228.36 during a trade that took place back on Apr 03, which means that Gordon Michael Lawrence is holding 103,706 shares at $1,177,635 based on the most recent closing price.
Stock Fundamentals for MDB
Current profitability levels for the company are sitting at:
- -27.00 for the present operating margin
- +72.08 for the gross margin
The net margin for MongoDB Inc. stands at -26.90. The total capital return value is set at -17.88, while invested capital returns managed to touch -18.15. Equity return is now at value -50.00, with -13.90 for asset returns.
Based on MongoDB Inc. (MDB), the company’s capital structure generated 160.22 points at debt to equity in total, while total debt to capital is 61.57. Total debt to assets is 47.67, with long-term debt to equity ratio resting at 159.04. Finally, the long-term debt to capital ratio is 61.12.
When we switch over and look at the enterprise to sales, we see a ratio of 12.52, with the company’s debt to enterprise value settled at 0.08. The receivables turnover for the company is 5.34 and the total asset turnover is 0.51. The liquidity ratio also appears to be rather interesting for investors as it stands at 3.66.
Conclusion
In conclusion, MongoDB Inc. (MDB) has seen better performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.