After finishing at $412.01 in the prior trading day, MongoDB Inc (NASDAQ: MDB) closed at $383.42, down -6.94%. In other words, the price has decreased by -$28.59 from its previous closing price. On the day, 6249373 shares were traded.
Ratios:
Our goal is to gain a better understanding of MDB by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 13.73 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 220.91. For the most recent quarter (mrq), Quick Ratio is recorded 4.56 and its Current Ratio is at 4.24. In the meantime, Its Debt-to-Equity ratio is 1.11 whereas as Long-Term Debt/Eq ratio is at 1.10.
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, DA Davidson on March 08, 2024, Upgraded its rating to Buy and sets its target price to $430 from $405 previously.
On January 04, 2024, UBS Downgraded its rating to Neutral which previously was Buy and also lowered its target price recommendation from $475 to $410.
On November 16, 2023, Wells Fargo started tracking the stock assigning a Overweight rating and target price of $500.Wells Fargo initiated its Overweight rating on November 16, 2023, with a $500 target price.
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 Mar 04 ’24 when MERRIMAN DWIGHT A sold 6,000 shares for $432.15 per share. The transaction valued at 2,592,885 led to the insider holds 1,160,784 shares of the business.
Ittycheria Dev sold 33,000 shares of MDB for $14,478,288 on Mar 01 ’24. The President & CEO now owns 198,166 shares after completing the transaction at $438.74 per share. On Mar 01 ’24, another insider, MERRIMAN DWIGHT A, who serves as the Director of the company, sold 2,000 shares for $436.81 each. As a result, the insider received 873,613 and left with 524,896 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 27.89B and an Enterprise Value of 27.06B. For the stock, the TTM Price-to-Sale (P/S) ratio is 16.44 while its Price-to-Book (P/B) ratio in mrq is 26.09. Its current Enterprise Value per Revenue stands at 17.06 whereas that against EBITDA is -203.45.
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 $189.59. The 50-Day Moving Average of the stock is 422.49, while the 200-Day Moving Average is calculated to be 386.91.
Shares Statistics:
The stock has traded on average 1.46M shares per day over the past 3-months and 1.99M shares per day over the last 10 days, according to various share statistics. A total of 72.74M shares are outstanding, with a floating share count of 69.52M. Insiders hold about 3.69% of the company’s shares, while institutions hold 90.16% stake in the company. Shares short for MDB as of Feb 15, 2024 were 3.31M with a Short Ratio of 2.27, compared to 4.1M on Jan 12, 2024. Therefore, it implies a Short% of Shares Outstanding of 4.58% and a Short% of Float of 5.33%.
Earnings Estimates
Its stock is currently analyzed by 23 different market analysts. On average, analysts expect EPS of $0.62 for the current quarter, with a high estimate of $0.8 and a low estimate of $0.4, while EPS last year was $0.56. The consensus estimate for the next quarter is $0.82, with high estimates of $1.16 and low estimates of $0.54.
Analysts are recommending an EPS of between $4.72 and $2.57 for the fiscal current year, implying an average EPS of $3.34. EPS for the following year is $4.49, with 22 analysts recommending between $7.93 and $3.08.
Revenue Estimates
A total of 31 analysts have provided revenue estimates for MDB’s current fiscal year. The highest revenue estimate was $2.21B, while the lowest revenue estimate was $1.95B, resulting in an average revenue estimate of $2.03B. In the same quarter a year ago, actual revenue was $1.68B, up 20.50% from the average estimate. Based on 26 analysts’ estimates, the company’s revenue will be $2.55B in the next fiscal year. The high estimate is $2.86B and the low estimate is $2.32B. The average revenue growth estimate for next year is up 25.50% from the average revenue estimate for this year.
