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MongoDB Inc. (MDB) Reveals an Earnings Mystery – News Heater

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Posted on mongodb google news. Visit mongodb google news

MongoDB Inc. (NASDAQ:MDB) went up by 7.58% from its latest closing price compared to the recent 1-year high of $471.96. The company’s stock price has collected 13.22% of gains in the last five trading sessions. Barron’s reported on 09/01/22 that MongoDB Stock Falls Sharply as Fiscal-Year Forecast Disappoints

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Plus, the 36-month beta value for MDB is at 0.93. Opinions of the stock are interesting as 19 analysts out of 25 who provided ratings for MongoDB Inc. declared the stock was a “buy,” while 2 rated the stock as “overweight,” 4 rated it as “hold,” and 0 as “sell.”

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The average price from analysts is $248.52, which is $27.9 above the current price. MDB currently public float of 66.20M and currently shorts hold a 6.80% ratio of that float. Today, the average trading volume of MDB was 2.07M shares.

MDB’s Market Performance

MDB stocks went up by 13.22% for the week, with a monthly jump of 18.62% and a quarterly performance of 17.25%, while its annual performance rate touched -36.28%. The volatility ratio for the week stands at 7.72% while the volatility levels for the past 30 days are set at 6.20% for MongoDB Inc. The simple moving average for the period of the last 20 days is 16.59% for MDB stocks with a simple moving average of -10.24% for the last 200 days.

Analysts’ Opinion of MDB

Many brokerage firms have already submitted their reports for MDB stocks, with Guggenheim repeating the rating for MDB by listing it as a “Neutral.” The predicted price for MDB in the upcoming period, according to Guggenheim is $205 based on the research report published on January 27th of the current year 2023.

Wedbush, on the other hand, stated in their research note that they expect to see MDB reach a price target of $240. The rating they have provided for MDB stocks is “Outperform” according to the report published on December 15th, 2022.

JMP Securities gave a rating of “Mkt Outperform” to MDB, setting the target price at $215 in the report published on December 07th of the previous year.

MDB Trading at 22.97% from the 50-Day Moving Average

After a stumble in the market that brought MDB to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -52.54% of loss for the given period.

Volatility was left at 6.20%, however, over the last 30 days, the volatility rate increased by 7.72%, as shares surge +18.64% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +30.94% upper at present.

During the last 5 trading sessions, MDB rose by +13.22%, which changed the moving average for the period of 200-days by -45.38% in comparison to the 20-day moving average, which settled at $193.90. In addition, MongoDB Inc. saw 13.80% in overturn over a single year, with a tendency to cut further gains.

Insider Trading

Reports are indicating that there were more than several insider trading activities at MDB starting from Pech Cedric, who sale 328 shares at the price of $199.31 back on Jan 03. After this action, Pech Cedric now owns 33,829 shares of MongoDB Inc., valued at $65,374 using the latest closing price.

Bull Thomas, the Principal Accounting Officer of MongoDB Inc., sale 399 shares at $199.31 during a trade that took place back on Jan 03, which means that Bull Thomas is holding 16,203 shares at $79,525 based on the most recent closing price.

Stock Fundamentals for MDB

Current profitability levels for the company are sitting at:

  • -33.12 for the present operating margin
  • +69.26 for the gross margin

The net margin for MongoDB Inc. stands at -35.12. Equity return is now at value -54.30, with -14.90 for asset returns.

The liquidity ratio also appears to be rather interesting for investors as it stands at 3.90.

Article originally posted on mongodb google news. Visit mongodb google news

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