MongoDB Inc (NASDAQ: MDB) closed the day trading at $339.82 down -2.30% from the previous closing price of $347.82. In other words, the price has decreased by -$8.00 from its previous closing price. On the day, 1694149 shares were traded. MDB stock price reached its highest trading level at $345.02 during the session, while it also had its lowest trading level at $338.51.
Ratios:
For a better understanding of MDB, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 12.26 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 214.20. For the most recent quarter (mrq), Quick Ratio is recorded 4.24 and its Current Ratio is at 4.24. In the meantime, Its Debt-to-Equity ratio is 1.15 whereas as Long-Term Debt/Eq ratio is at 1.13.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, Redburn Atlantic on March 19, 2024, Downgraded its rating to Sell and sets its target price to $295 from $410 previously.
On March 08, 2024, DA Davidson Upgraded its rating to Buy which previously was Neutral and also upped its target price recommendation from $405 to $430.
UBS Downgraded its Buy to Neutral on January 04, 2024, whereas the target price for the stock was revised from $475 to $410.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Apr 03 ’24 when Pech Cedric sold 4,726 shares for $343.36 per share. The transaction valued at 1,622,719 led to the insider holds 40,718 shares of the business.
MERRIMAN DWIGHT A sold 4,000 shares of MDB for $1,364,500 on Apr 03 ’24. The Director now owns 1,156,784 shares after completing the transaction at $341.12 per share. On Apr 02 ’24, another insider, Ittycheria Dev, who serves as the President & CEO of the company, sold 17,160 shares for $348.11 each. As a result, the insider received 5,973,591 and left with 226,073 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, MDB now has a Market Capitalization of 25.34B and an Enterprise Value of 24.51B. For the stock, the TTM Price-to-Sale (P/S) ratio is 14.69 while its Price-to-Book (P/B) ratio in mrq is 23.12. Its current Enterprise Value per Revenue stands at 14.56 whereas that against EBITDA is -200.88.
Stock Price History:
Over the past 52 weeks, MDB has reached a high of $509.62, while it has fallen to a 52-week low of $198.72. The 50-Day Moving Average of the stock is 410.71, while the 200-Day Moving Average is calculated to be 388.37.
Shares Statistics:
Over the past 3-months, MDB traded about 1.40M shares per day on average, while over the past 10 days, MDB traded about 1.05M shares per day. A total of 72.74M shares are outstanding, with a floating share count of 70.05M. Insiders hold about 3.71% of the company’s shares, while institutions hold 90.13% stake in the company. Shares short for MDB as of Mar 15, 2024 were 3.26M with a Short Ratio of 2.33, compared to 3.31M on Feb 15, 2024. Therefore, it implies a Short% of Shares Outstanding of 4.47% and a Short% of Float of 5.20%.
Earnings Estimates
Current recommendations for the stock of the company come from 25 analysts. On average, analysts expect EPS of $0.4 for the current quarter, with a high estimate of $0.83 and a low estimate of $0.34, while EPS last year was $0.56. The consensus estimate for the next quarter is $0.58, with high estimates of $0.78 and low estimates of $0.37.
Analysts are recommending an EPS of between $4.41 and $2.29 for the fiscal current year, implying an average EPS of $2.5. EPS for the following year is $3.5, with 29 analysts recommending between $7.95 and $2.83.
Revenue Estimates
A total of 29 analysts have provided revenue estimates for MDB’s current fiscal year. The highest revenue estimate was $2.07B, while the lowest revenue estimate was $1.91B, resulting in an average revenue estimate of $1.94B. In the same quarter a year ago, actual revenue was $1.68B, up 15.10% from the average estimate. Based on 29 analysts’ estimates, the company’s revenue will be $2.33B in the next fiscal year. The high estimate is $2.58B and the low estimate is $2.19B. The average revenue growth estimate for next year is up 20.50% from the average revenue estimate for this year.
