MongoDB Inc [NASDAQ: MDB] loss -16.92% on the last trading session, reaching $290.90 price per share at the time.
If compared to the average trading volume of 1.35M shares, MDB reached a trading volume of 10209247 in the most recent trading day, which is why market watchdogs consider the stock to be active.
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Here is what top equities market gurus are saying about MongoDB Inc [MDB]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for MDB shares is $388.69 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on MDB stock is a recommendation set at 1.69. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Guggenheim have made an estimate for MongoDB Inc shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on June 03, 2024. While these analysts kept the previous recommendation, Loop Capital raised their target price to Buy. The new note on the price target was released on April 23, 2024, representing the official price target for MongoDB Inc stock. Previously, the target price had yet another drop from $410 to $295, while Redburn Atlantic kept a Sell rating on MDB stock. On March 08, 2024, analysts increased their price target for MDB shares from 405 to 430.
The Average True Range (ATR) for MongoDB Inc is set at 18.64, with the Price to Sales ratio for MDB stock in the period of the last 12 months amounting to 11.22. The Price to Book ratio for the last quarter was 14.41, with the Price to Cash per share for the same quarter was set at 31.16. Price to Free Cash Flow for MDB in the course of the last twelve months was 136.77 with Quick ratio for the last quarter at 4.85.
Trading performance analysis for MDB stock
MongoDB Inc [MDB] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -10.22. With this latest performance, MDB shares gained by 0.30% in over the last four-week period, additionally plugging by 29.98% over the last 6 months – not to mention a drop of -23.81% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for MDB stock in for the last two-week period is set at 43.43, with the RSI for the last a single of trading hit 37.39, and the three-weeks RSI is set at 46.79 for MongoDB Inc [MDB]. The present Moving Average for the last 50 days of trading for this stock 290.24, while it was recorded at 332.01 for the last single week of trading, and 299.53 for the last 200 days.
MongoDB Inc [MDB]: A deeper dive into fundamental analysis
MongoDB Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 4.85 and a Current Ratio set at 1.64.
MongoDB Inc [MDB]: An earnings per share (EPS) analysis
The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for MDB. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for MongoDB Inc go to 14.20%.
An analysis of Institutional ownership at MongoDB Inc [MDB]
There are presently around $94.73%, or 97.85%% of MDB stock, in the hands of institutional investors. The top three institutional holders of MDB stocks are: VANGUARD GROUP INC with ownership of 7.09 million shares, which is approximately 9.7133%. BLACKROCK INC., holding 6.12 million shares of the stock with an approximate value of $$1.53 billion in MDB stocks shares; and BLACKROCK INC., currently with $$1.27 billion in MDB stock with ownership which is approximately 6.9871%.
