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In last trading session, MongoDB Inc. (NASDAQ:MDB) saw 1.56 million shares changing hands with its beta currently measuring 0.91. Company’s recent per share price level of $307.57 trading at $23.25 or 8.18% at ring of the bell on the day assigns it a market valuation of $21.06B. That closing price of MDB’s stock is at a discount of -91.83% from its 52-week high price of $590.00 and is indicating a premium of 30.62% from its 52-week low price of $213.39. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 1.5 million shares which gives us an average trading volume of 1.78 million if we extend that period to 3-months.
For MongoDB Inc. (MDB), analysts’ consensus is at an average recommendation of an Overweight while assigning it a mean rating of 2.00. Splitting up the data highlights that, out of 23 analysts covering the stock, 2 rated the stock as a Sell while 3 recommended an Overweight rating for the stock. 3 suggested the stock as a Hold whereas 15 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of -$0.09 in the current quarter.
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Upright in the green during last session for gaining 8.18%, in the last five days MDB remained trading in the green while hitting it’s week-highest on Wednesday, 07/20/22 when the stock touched $307.57 price level, adding 1.1% to its value on the day. MongoDB Inc.’s shares saw a change of -41.90% in year-to-date performance and have moved 4.17% in past 5-day. MongoDB Inc. (NASDAQ:MDB) showed a performance of 23.15% in past 30-days. Number of shares sold short was 4.12 million shares which calculate 4.04 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of $367.75 to the stock, which implies a rise of 16.36% to its current value. Analysts have been projecting $270.00 as a low price target for the stock while placing it at a high target of $500.00. It follows that stock’s current price would drop -62.56% in reaching the projected high whereas dropping to the targeted low would mean a gain of 12.22% for stock’s current value.
MongoDB Inc. (MDB) estimates and forecasts
Statistics highlight that MongoDB Inc. is scoring comparatively higher than the scores of other players of the relevant industry. The company lost -20.58% of value to its shares in past 6 months, showing an annual growth rate of 54.24% while that of industry is 3.40. Apart from that, the company came raising its revenue forecast for fiscal year 2022. The company is estimating its revenue growth to increase by 40.00% in the current quarter and calculating 41.70% increase in the next quarter. This year revenue growth is estimated to rise 35.20% from the last financial year’s standing.
14 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $266.45 million for the same. And 14 analysts are in estimates of company making revenue of $277.85 million in the next quarter that will end on Jul 2022.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of 3.70% during past 5 years.
MongoDB Inc. is more likely to be releasing its next quarterly report between March 07 and March 11 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.
MongoDB Inc. (NASDAQ:MDB)’s Major holders
Insiders are in possession of 5.59% of company’s total shares while institution are holding 89.29 percent of that, with stock having share float percentage of 94.58%. Investors also watch the number of corporate investors in a company very closely, which is 89.29% institutions for MongoDB Inc. that are currently holding shares of the company. Price (T.Rowe) Associates Inc is the top institutional holder at MDB for having 7.16 million shares of worth $3.79 billion. And as of Dec 30, 2021, it was holding 10.60% of the company’s outstanding shares.
The second largest institutional holder is Capital World Investors, which was holding about 6.53 million shares on Dec 30, 2021. The number of shares represents firm’s hold over 9.67% of outstanding shares, having a total worth of $3.46 billion.
On the other hand, Growth Fund Of America Inc and Vanguard Total Stock Market Index Fund are the top two Mutual Funds which own company’s shares. As of Feb 27, 2022, the former fund manager was holding 4.77 million shares of worth $1.82 billion or 7.06% of the total outstanding shares. The later fund manager was in possession of 1.79 million shares on Dec 30, 2021, making its stake of worth around $945.81 million in the company or a holder of 2.64% of company’s stock.