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During the last session, MongoDB Inc. (NASDAQ:MDB)’s traded shares were 1.15 million, with the beta value of the company hitting 0.93. At the end of the trading day, the stock’s price was $295.26, reflecting an intraday gain of 1.38% or $4.02. The 52-week high for the MDB share is $590.00, that puts it down -99.82 from that peak though still a striking 27.73% gain since the share price plummeted to a 52-week low of $213.39. The company’s market capitalization is $20.20B, and the average trade volume was 1.73 million shares over the past three months.
MongoDB Inc. (MDB) received a consensus recommendation of an Overweight from analysts. That translates to a mean rating of 2.00. MDB has a Sell rating from 2 analyst(s) out of 23 analysts who have looked at this stock. 3 analyst(s) recommend to Hold the stock while 3 suggest Overweight, and 15 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be -$0.09.
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MongoDB Inc. (MDB) registered a 1.38% upside in the last session and has traded in the red over the past 5 sessions. The stock spiked 1.38% in intraday trading to $295.26 this Wednesday, 07/13/22, hitting a weekly high. The stock’s 5-day price performance is -2.97%, and it has moved by 9.88% in 30 days. Based on these gigs, the overall price performance for the year is -15.95%.
The consensus price target of analysts on Wall Street is $371.19, which implies an increase of 20.46% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $270.00 and $500.00 respectively. As a result, MDB is trading at a discount of -69.34% off the target high and 8.56% off the low.
MongoDB Inc. (MDB) estimates and forecasts
Statistics show that MongoDB Inc. has outperformed its competitors in share price, compared to the industry in which it operates. MongoDB Inc. (MDB) shares have gone down -32.12% during the last six months, with a year-to-date growth rate more than the industry average at 54.24% against 3.50. Yet analysts are ramping up their growth forecast for the fiscal year 2022. Revenue is predicted to grow 40.00% this quarter and then jump 41.70% in the quarter after that. In the rating firms’ projections, revenue will increase 35.20% compared to the previous financial year.
Revenue for the current quarter is expected to be $266.45 million as predicted by 14 analyst(s). Meanwhile, a consensus of 14 analyst(s) estimates revenue growth to $277.85 million by the end of Jul 2022.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 3.70%. While earnings are projected to return -5.00% in 2022.
MongoDB Inc. is due to release its next quarterly earnings between March 07 and March 11. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
MongoDB Inc. (NASDAQ:MDB)’s Major holders
MongoDB Inc. insiders own 5.59% of total outstanding shares while institutional holders control 89.29%, with the float percentage being 94.58%. Price (T.Rowe) Associates Inc is the largest shareholder of the company, while 793 institutions own stock in it. As of Dec 30, 2021, the company held over 7.16 million shares (or 10.60% of all shares), a total value of $3.79 billion in shares.
The next largest institutional holding, with 6.53 million shares, is of Capital World Investors’s that is approximately 9.67% of outstanding shares. At the market price on Dec 30, 2021, these shares were valued at $3.46 billion.
Also, the Mutual Funds coming in first place with the largest holdings of MongoDB Inc. (MDB) shares are Growth Fund Of America Inc and Vanguard Total Stock Market Index Fund. Data provided on Feb 27, 2022 indicates that Growth Fund Of America Inc owns about 4.77 million shares. This amounts to just over 7.06 percent of the company’s overall shares, with a $1.82 billion market value. The same data shows that the other fund manager holds slightly less at 1.79 million, or about 2.64% of the stock, which is worth about $945.81 million.