MongoDB Inc.’s (MDB) Volatility Reaches 4.81%: Don’t Be Comfortable – Stocks Register

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Posted on mongodb google news. Visit mongodb google news

MongoDB Inc. (NASDAQ:MDB) price on Thursday, January 12, rose 0.95% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $190.61.

A look at the stock’s price movement, the close in the last trading session was $188.82, moving within a range at $183.205 and $190.91. The beta value (5-Year monthly) was 1.16. Turning to its 52-week performance, $471.96 and $135.15 were the 52-week high and 52-week low respectively. Overall, MDB moved -6.19% over the past month.

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MongoDB Inc.’s market cap currently stands at around $13.39 billion, with investors looking forward to this quarter’s earnings report slated for Mar 06, 2023 – Mar 10, 2023. Analysts project the company’s earnings per share (EPS) to be -$0.17, which has seen fiscal year 2023 EPS growth forecast to increase to -$0.31 and about $0.12 for fiscal year 2024. Per the data, EPS growth is expected to be 47.50% for 2023 and 138.70% for the next financial year.

Analysts have a consensus estimate of $303.47 million for the company’s revenue for the quarter, with a low and high estimate of $300.91 million and $318.18 million respectively. Wall Street analysts have also projected the company’s year-on-year revenue for 2023 to grow to $1.21 billion, representing a 38.30% jump on that reported in the last financial year.

Revisions could be used as tool to get short term price movement insight, and for the company that in the past seven days was no upward and no downward review(s). Turning to the stock’s technical picture we see that short term indicators suggest on average that MDB is a 50% Sell. On the other hand, the stock is on average a 50% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.

25 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 4 analyst(s) rate the stock as a Hold, 19 recommend MDB as a Buy and 2 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 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 -1.07% and 9.43% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 53.58, while 7-day volatility ratio is 4.81% and 5.40% in the 30-day chart. Further, MongoDB Inc. (MDB) has a beta value of 0.95, and an average true range (ATR) of 10.92. Analysts have given the company’s stock an average 52-week price target of $250.70, forecast between a low of $170.00 and high of $325.00. Looking at the price targets, the low is 10.81% off current price level while to achieve the yearly target high, price needs to move -70.51%. Nonetheless, investors will most likely welcome a -25.91% jump to $240.00 which is the analysts’ median price.

In the market, a comparison of MongoDB Inc. (MDB) and its peers suggest the former has performed considerably stronger. Data shows MDB’s intraday price has changed 0.95% in last session and -57.05% over the past year. Comparatively, Progress Software Corporation (PRGS) has moved 1.31% on the day and only 14.01% in the past 12 months. Looking at another peer, we see that Pixelworks Inc. (PXLW) price has gained 6.19% on the day. However, the stock is -44.62% off its price a year ago. Elsewhere, the overall performance for the S&P 500 and Dow Jones Industrial shows that the indexes are up 0.34% and 0.64% respectively in the last trading.

If we refocus on MongoDB Inc. (NASDAQ:MDB), historical trading data shows that trading volumes averaged 1.49 million over the past 10 days and 2.13 million over the past 3 months. The company’s latest data on shares outstanding shows there are 68.92 million shares.

The 2.60% of MongoDB Inc.’s shares are in the hands of company insiders while institutional holders own 92.40% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 3.83 million on Oct 13, 2022, giving us a short ratio of 1.89. The data shows that as of Oct 13, 2022 short interest in MongoDB Inc. (MDB) stood at 5.58% of shares outstanding, with shares short falling to 4.12 million registered in Sep 14, 2022. Current price change has pushed the stock -3.17% 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.

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

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