MongoDB Inc (NASDAQ: MDB) on Tuesday, soared 0.76% from the previous trading day, before settling in for the closing price of $347.17. Within the past 52 weeks, MDB’s price has moved between $212.52 and $509.62.
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A company in the Technology sector has jumped its sales by 44.79% annually for the last half of the decade. The company achieved an average annual earnings per share of -23.13%. With a float of $70.06 million, this company’s outstanding shares have now reached $72.74 million.
In an organization with 5037 employees, it is important to assess its efficiency.
MongoDB Inc (MDB) Insider and Institutional Ownership
Observing investor behavior towards Software – Infrastructure industry stocks is more important than anything else. The insider ownership of MongoDB Inc is 3.68%, while institutional ownership is 89.43%. The most recent insider transaction that took place on Apr 08 ’24, was worth 730,000. In this transaction Director of this company sold 2,000 shares at a rate of $365.00, taking the stock ownership to the 1,154,784 shares. Before that another transaction happened on Apr 04 ’24, when Company’s Chief Revenue Officer sold 4,726 for $350.00, making the entire transaction worth $1,654,100. This insider now owns 35,992 shares in total.
MongoDB Inc (MDB) Latest Financial update
According to the Wall Street analysts, stocks earnings will be around -23.13% per share during the next fiscal year.
MongoDB Inc (NASDAQ: MDB) Trading Performance Indicators
MongoDB Inc (MDB) is currently performing well based on its current performance indicators. A quick ratio of 4.24 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 15.12. Likewise, its price to free cash flow for the trailing twelve months is 220.49.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -2.48, a number that is poised to hit 0.40 in the next quarter and is forecasted to reach 3.53 in one year’s time.
Technical Analysis of MongoDB Inc (MDB)
Let’s dig in a bit further. During the last 5-days, its volume was 1.05 million. That was inferior than the volume of 1.39 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 41.11%. Additionally, its Average True Range was 12.71.
During the past 100 days, MongoDB Inc’s (MDB) raw stochastic average was set at 7.25%, which indicates a significant decrease from 41.52% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 32.02% in the past 14 days, which was lower than the 45.89% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $400.49, while its 200-day Moving Average is $386.91. However, in the short run, MongoDB Inc’s stock first resistance to watch stands at $353.44. Second resistance stands at $357.07. The third major resistance level sits at $363.62. If the price goes on to break the first support level at $343.25, it is likely to go to the next support level at $336.70. The third support level lies at $333.07 if the price breaches the second support level.
MongoDB Inc (NASDAQ: MDB) Key Stats
Market capitalization of the company is 25.44 billion based on 72,831K outstanding shares. Right now, sales total 1,683 M and income totals -176,600 K. The company made 458,000 K in profit during its latest quarter, and -55,460 K in sales during its previous quarter.
