MongoDB Inc (NASDAQ:MDB) shares, rose in value, with the stock price up by 5.55% to the previous day’s close as strong demand from buyers drove the stock to $362.82.
Actively observing the price movement in the last trading, the stock closed the session at $343.74. The value of beta (5-year monthly) was 1.24. Referring to stock’s 52-week performance, its high was $509.62, and the low was $198.72. On the whole, MDB has fluctuated by -11.40% over the past month.
With the market capitalization of MongoDB Inc currently standing at about $26.39 billion, investors are eagerly awaiting this quarter’s results, scheduled for May 30, 2024 – Jun 03, 2024. As a result, investors might want to see an improvement in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be $0.4, which is expected to increase to $0.78 for fiscal year $2.5 and then to about $3.5 by fiscal year 2026. Data indicates that the EPS growth is expected to be -24.90% in 2026, while the next year’s EPS growth is forecast to be 40.00%.
Analysts have estimated the company’s revenue for the quarter at $439.51 million, with a low estimate of $436.4 million and a high estimate of $461.91 million. Wall Street analysts also predicted that in 2026, the company’s y-o-y revenues would reach $1.94 billion, representing an increase of 15.10% from the revenues reported in the last year’s results.
Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days. We see that MDB’s technical picture suggests that short-term indicators denote the stock is a 50% Sell on average. However, medium term indicators have put the stock in the category of 50% Buy while long term indicators on average have been pointing out that it is a 50% Sell.
The stock’s technical analysis shows that the PEG ratio is about 0, with the price of MDB currently trading nearly 0.42% and -11.37% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 44.01, while the 7-day volatility ratio is showing 3.66% which for the 30-day chart, stands at 3.65%. Furthermore, MongoDB Inc (MDB)’s beta value is 1.22, and its average true range (ATR) is 14.46.
A comparison of MongoDB Inc (MDB) with its peers suggests the former has fared considerably weaker in the market. MDB showed an intraday change of 5.55% in last session, and over the past year, it grew by 59.19%%.
Data on historical trading for MongoDB Inc (NASDAQ:MDB) indicates that the trading volumes over the past 10 days have averaged 1.12 million and over the past 3 months, they’ve averaged 1.40 million. According to company’s latest data on outstanding shares, there are 72.74 million shares outstanding.
Nearly 3.71% of MongoDB Inc’s shares belong to company insiders and institutional investors own 89.48% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 3.26 million shares as on Mar 15, 2024, resulting in a short ratio of 1.96. According to the data, the short interest in MongoDB Inc (MDB) stood at 4.47% of shares outstanding as of Mar 15, 2024; the number of short shares registered in Feb 15, 2024 reached 3.31 million. The stock has fallen by -11.26% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the MDB stock heading into the next quarter.
