It is trading at rather expensive levels at just over 20.11x price/book and 18.28x price/sales. Compared to others, MongoDB, Inc. is in a different league with regards to profitability, having net margins of -54.7%. To put some perspective around this, the industry’s average net margin is 11.72%. MDB’s ROE is -61.2%, which is considerably worse than the industry’s ROE of 15.46%. It’s very liquid in the near term, with a current ratio of 3.4. The stock has a debt/capital of 1.08.
MongoDB, Inc. (NASDAQ:MDB) is now worth $3.94B thanks to -13.18% drop in recent trade and currently has a price tag of $75.2. The shares traded as low as $72.91 and had $81.5 an intraday high earlier Thursday. Trading activity significantly improved as the volume at ready counter increased to 5,914,362 shares versus 1,568,190 in average daily trading volume over the past 20 days. So far this year, the volume has averaged about 2,021,571 shares. The stock is now 198.89% above against its bear-market low of $25.16 on February 06, 2018. It has retreated -23.98% since it’s 52-week high of $93.23 reached in December. Now the market price is up 161.2% on the year and down -10.2% YTD.
MDB’s 50 day simple moving average (SMA 50) price is $80.43 and its 200-day simple moving average (SMA 200) price is $63.1. The company’s stock currently has a total float of 35.21M shares. Its weekly volatility is hovering around 8.14% and felt 7.57% volatility in price over a month. On the upside, the share price will test short term resistance at around $80.16. On a downside, the stock is likely to find some support, which begins at $71.57. The failure to get near-term support could push it to $67.95.
Separately, it has been reported that multiple insider activity took place at MongoDB, Inc. (MDB). Chief Marketing Officer Eisenberg Meagen sold 7,291 shares for $32,036 in transaction occurred on 2019/01/08. After making this transaction, the Chief Marketing Officer owns a direct stake of 629,213 shares, worth $2,409,107, as per the last closing price. On 2019/01/02 Ittycheria Dev, President & CEO at MDB, dumped 20,965 shares at an average price of $79.79 per share. The selling total is valued at $10,182,982.
Principal Accounting Officer, Bull Thomas had divested 754 shares for $7,111 through a trade on 2019/01/02. Following this activity, the insider holds 61,345 shares worth $534,747 as of recent close. Wall Street’s most bullish MongoDB, Inc. (NASDAQ:MDB) analysts are predicting the share price to blow past $110 per share during the next 12 months. The current median share price forecast by them is $95, suggesting that the stock could increase 26.33% in that time frame. The average price target of $92.31 calls for a nearly 22.75% increase in the stock price.
It had seen a change in price target from analysts at Needham, who reiterated the stock at Buy on December 06 but moved PT from $85 to $91. Analysts at Monness Crespi & Hardt, maintained the company shares at Buy on December 06 but switched target price from $90 to $110. Brokerage firm Canaccord Genuity, looks cautious as they stick to prior recommendation of Buy, in a call on December 06. However, they did change the target price from $78 to $95. Oppenheimer, released new analyst coverage on October 17, calling the stock is Outperform.
MDB Oct-18 results exceeded expectations. The company raked in -$0.3 per share, -98.78% change on the same period last year. That was better than consensus for -$0.4. Revenue for the recent quarter stood at $64.99 million, up 57% on last year and above the $60.25 million predicted by analysts. For this quarter, Wall Street analysts forecast revenue in a range of $69.1 million to $79.96 million, which should be compared with $60.54 million generated last year. EPS is seen in a range of -$0.46 to -$0.23, against the -$0.34 reported a year ago.