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MongoDB Inc. (NASDAQ:MDB) has a beta value of 0.93 and has seen 0.44 million shares traded in the recent trading session. The company, currently valued at $13.73B, closed the recent trade at $200.70 per share which meant it lost -$6.35 on the day or -3.07% during that session. The MDB stock price is -135.16% off its 52-week high price of $471.96 and 32.66% above the 52-week low of $135.15. If we look at the company’s 10-day average daily trading volume, we find that it stood at 1.34 million shares traded. The 3-month trading volume is 2.09 million shares.
The consensus among analysts is that MongoDB Inc. (MDB) is a Buy stock at the moment, with a recommendation rating of 1.90. 0 analysts rate the stock as a Sell, while 2 rate it as Overweight. 4 out of 25 have rated it as a Hold, with 19 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is -$0.17.
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Sporting -3.07% in the red today, the stock has traded in the green over the last five days, with the highest price hit on Monday, 01/23/23 when the MDB stock price touched $200.70 or saw a rise of 5.46%. Year-to-date, MongoDB Inc. shares have moved 5.19%, while the 5-day performance has seen it change 4.82%. Over the past 30 days, the shares of MongoDB Inc. (NASDAQ:MDB) have changed 3.46%. Short interest in the company has seen 3.83 million shares shorted with days to cover at 1.89.
Wall Street analysts have a consensus price target for the stock at $250.70, which means that the shares’ value could jump 19.94% from the levels at last check today. The projected low price target is $170.00 while the price target rests at a high of $325.00. In that case, then, we find that the latest price level in today’s session is -61.93% off the targeted high while a plunge would see the stock lose 15.3% from the levels at last check today.
MongoDB Inc. (MDB) estimates and forecasts
Figures show that MongoDB Inc. shares have outperformed across the wider relevant industry. The company’s shares have lost -31.35% over the past 6 months, with this year growth rate of 152.54%, compared to 7.20% for the industry. Other than that, the company has, however, increased its growth outlook for the 2023 fiscal year revenue. Growth estimates for the current quarter are -54.50% and -44.40% for the next quarter. Revenue growth from the last financial year stood is estimated to be 38.30%.
17 analysts offering their estimates for the company have set an average revenue estimate of $303.47 million for the current quarter. 17 have an estimated revenue figure of $315.11 million for the next quarter concluding in Jan 2023.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was 3.70% over the past 5 years.
MongoDB Inc. is expected to release its next earnings report between March 06 and March 10 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
MongoDB Inc. (NASDAQ:MDB)’s Major holders
Insiders own 3.66% of the company shares, while shares held by institutions stand at 91.48% with a share float percentage of 94.96%. Investors are also buoyed by the number of investors in a company, with MongoDB Inc. having a total of 786 institutions that hold shares in the company. The top two institutional holders are Price (T.Rowe) Associates Inc with over 8.26 million shares worth more than $2.14 billion. As of Jun 29, 2022, Price (T.Rowe) Associates Inc held 12.02% of shares outstanding.
The other major institutional holder is Vanguard Group, Inc. (The), with the holding of over 6.06 million shares as of Jun 29, 2022. The firm’s total holdings are worth over $1.57 billion and represent 8.83% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Growth Fund Of America Inc and Vanguard Total Stock Market Index Fund. As of Sep 29, 2022, the former fund manager holds about 7.32% shares in the company for having 5.03 million shares of worth $998.61 million while later fund manager owns 1.9 million shares of worth $494.23 million as of Jun 29, 2022, which makes it owner of about 2.77% of company’s outstanding stock.