MongoDB, Inc. (NASDAQ:MDB) shares, dropped in value on Wednesday, Apr 07, with the stock price down by -3.95% to the previous day’s close as weak demand from buyers trailed the stock to $284.79.
Actively observing the price movement in the last trading, the stock closed the session at $296.5, falling within a range of $281.85 and $298.65. The value of beta (5-year monthly) was 0.71 whereas the PE ratio was 0 over 12-month period. Referring to stock’s 52-week performance, its high was $428.96, and the low was $129.1. On the whole, MDB has fluctuated by -0.79% over the past month.
With the market capitalization of MongoDB, Inc. currently standing at about $16.05 Billion, investors are eagerly awaiting this quarter’s results, scheduled for Jun 02, 2021- Jun 07, 2021. The company’s Forward Dividend Ratio is 0, with its dividend yield at 0%. As a result, investors may see a weakening in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be -$0.37, which is expected to decline to -$0.99 for fiscal year 2021 and then to about -$1 by fiscal year 2022. Data indicates that the EPS growth is expected to be 0.46% in 2021, while the next year’s EPS growth is forecast to be -0.31%.
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 Hold.
16 analyst(s) have assigned their ratings of the stock’s forecast evaluation on a scale of 1.00-5.00 to indicate a strong buy to a strong sell recommendation. The stock is rated as a Hold by 4 analyst(s), 12 recommend it as a Buy and no body called the MDB stock Outperform. In the meantime, none analyst(s) believe the stock as Underperform and none think it is a Sell. Thus, investors eager to increase their holdings of the company’s stock will have an opportunity to do so as the average rating for the stock is Overweight.
The stock’s technical analysis shows that the PEG ratio is about 0, with the price of MDB currently trading nearly -3.7% and -18.17% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 42, while the 7-day volatility ratio is showing 4.61% which for the 30-day chart, stands at 5.41%. Furthermore, MongoDB, Inc. (MDB)’s beta value is 0.71, and its average true range (ATR) is 18.68. The company’s stock has been forecasted to trade at an average price of $386.5 over the course of the next 52 weeks, with a low of $300 and a high of $445. Based on these price targets, the low is 5.34 off current price, whereas the price has to move +56.26% to reach the yearly target high. Additionally, analysts’ median price of $395 is likely to be welcomed by investors because it represents an increase of +38.7% from the current levels.
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 -3.95% in last session, and over the past year, it grew by +115.02%. In comparison, Paypal Holdings (PYPL) has moved higher at +0.95% on the day and was up +151.4% over the past 12 months. On the other hand, the price of Square (SQ) has risen 3.64% on the day. The stock, however, is off 386.16% from where it was a year ago. Additionally, there is a decline of -395% for Zoom Video Communications Cl A (ZM) in last trading while the stock has seen an overall apprecation of 115.02% over the past year. The PE ratio stands at 0 for MongoDB, Inc., compared to 72.24 for Paypal Holdings, and 851.11 for Square. Other than that, the overall performance of the S&P 500 during the last trading session shows that it gained 0.15%. Meanwhile, the Dow Jones Industrial improved by 0.05%.
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Data on historical trading for MongoDB, Inc. (NASDAQ:MDB) indicates that the trading volumes over the past 10 days have averaged 1.37 Million and over the past 3 months, they’ve averaged 881.13 Million. According to company’s latest data on outstanding shares, there are 60.9 Million shares outstanding.
Nearly 5.34% of MongoDB, Inc.’s shares belong to company insiders and institutional investors own 87.86% of the company’s shares, according to Thomson Reuters’ data. The data on short interest also indicates that stock shorts accounted for 5.83 Million shares as on March 14, 2021, resulting in a short ratio of 5.63. According to the data, the short interest in MongoDB, Inc. (MDB) stood at 9.58% of shares outstanding as of March 14, 2021; the number of short shares registered in February reached 5.83 Million. The stock has fallen by -20.68% since the beginning of the year, thereby showing the risk of a further decline. This could cause investors’ confidence to be optimistic about the MDB stock heading into the next quarter.