MongoDB Inc (NASDAQ:MDB) price on Thursday, March 20, fall -0.40% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $189.30.
A look at the stock’s price movement, the close in the last trading session was $190.06, moving within a range at $187.69 and $194.9. The beta value (5-Year monthly) was 1.298. Turning to its 52-week performance, $387.19 and $173.13 were the 52-week high and 52-week low respectively. Overall, MDB moved -35.83% over the past month.
MongoDB Inc’s market cap currently stands at around $14.10 billion, with investors looking forward to this quarter’s earnings report slated for on 2025-Mar-04.
Analysts have a consensus estimate of 527.73M for the company’s revenue for the quarter, with a low and high estimate of 519.1M and 543M respectively. The average forecast suggests up to a 17.13% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 2.28B, representing a 13.70% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that MDB is a 100% Sell. On the other hand, the stock is on average a 100% Sell as suggested by medium term indicators while long term indicators are putting the stock in 50% Sell category.
28 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 6 analyst(s) rate the stock as a Hold, 20 recommend MDB as a Buy and 1 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 1 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
MDB’s current price about -15.11% and -24.60% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 32.06, while 7-day volatility ratio is 4.36% and 6.03% in the 30-day chart. Further, MongoDB Inc (MDB) has a beta value of 1.45, and an average true range (ATR) of 13.95. Analysts have given the company’s stock an average 52-week price target of $347, forecast between a low of $225 and high of $400. Looking at the price targets, the low is -18.86% off current price level while to achieve the yearly target high, price needs to move -111.3%. Nonetheless, investors will most likely welcome a -83.31% jump to $347 which is the analysts’ median price.
If we refocus on MongoDB Inc (NASDAQ:MDB), historical trading data shows that trading volumes averaged 3.32 over the past 10 days and 2.17 million over the past 3 months. The company’s latest data on shares outstanding shows there are 80.47 million shares.
The 3.54% of MongoDB Inc’s shares are in the hands of company insiders while institutional holders own 88.96% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 1.65 million on 2025-02-28, giving us a short ratio of 1.12. The data shows that as of 2025-02-28 short interest in MongoDB Inc (MDB) stood at 212.0 of shares outstanding, with shares short falling to 1.95 million registered in 2025-01-31. Current price change has pushed the stock -18.69% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the MDB stock continues to rise going into the next quarter.
