MongoDB Inc. [MDB] This year’s low is -69.06%. Is there still time to buy?


MongoDB Inc. [NASDAQ: MDB] The price dropped by -6.24 percent to -$10.9. The company reported on November 15, 2022 that MongoDB, Inc. announced the date of its fiscal 2023 third quarter earnings call.


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MongoDB, Inc. (NASDAQ: MDB) announced today that it will report financial results for its fiscal 2023 third quarter for the three months ended October 31, 2022, after the close of U.S. financial markets on Tuesday, December 6, 2022.

In conjunction with this announcement, MongoDB will host a conference call on Tuesday, December 6, 2022 at 5:00 p.m. (Eastern Time) to discuss the company’s financial results and business outlook. A live webcast of the call will be available on the “Investor Relations” page of the Company’s website at http://investors.mongodb.com. To access the call by phone, please visit this link (registration link), and you will be provided with dial in details. To avoid delays, we encourage participants to dial into the conference call fifteen minutes prior to the scheduled start time. A replay of the webcast will also be available at http://investors.mongodb.com for a limited time.

2158755 shares were traded in the recent session while its average daily volume stood at 2.00M shares. MongoDB Inc. shares reached a high of $169.945 and declined to a low of $162.63 before ending the latest session at $163.79.

The one year MDB stock forecast points to a potential upside of 52.19. The Average Equity Rating for MDB stock is currently 2.00 which is trading near to a bullish pattern in the stock market.

Guru’s Opinion on MongoDB Inc. [MDB],

Based on careful and fact-backed analysis by Wall Street experts, the current consensus on the target price for MDB shares is $342.55 per share. Target prices and analysis on the performance of stocks are usually carefully studied by market experts, and the current Wall Street consensus on MDB stock is a recommendation set at 2.00. This rating represents a strong buy recommendation on a scale of 1 to 5, where 5 means strong sell, 4 represents sell, 3 indicates hold and 2 indicates buy.

Radburn, keeping his view on the stock neutral, in line with his previous recommendation on October 18, 2022, MongoDB Inc. An estimate is made for the shares. While these analysts kept the previous recommendation, Canaccord Genuity raised their target price to buy. The new note on price target was issued on October 10, 2022, which represents the official price target for MongoDB Inc stock. Earlier, the target price was once again increased to $300, while Trueist analysts maintained a Buy rating on MDB stock.

MongoDB Inc. The Average True Range (ATR) for is set at 13.90, The Price to Sales ratio for MDB stock over the trailing 12 months period is 9.51. The Price to Book ratio for the previous quarter was 16.75, the Price to Cash per share for the corresponding quarter was set at 28.56.

MDB Stock Performance Analysis:

MongoDB Inc. [MDB] Reached the green zone at the end of last week, in a positive trend and with a gain of 1.73. With this latest performance, MDB shares have declined by -11.35% in the last four-week period as well as by -33.24% in the last 6 months – referring to a -71.26% decline in the last year of trading. Not there.

Overbought and oversold stocks can be easily detected with the Relative Strength Index (RSI), where an RSI result of over 70 will result in overbought, and any rate below 30 will indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for MDB stock for the past two-week period is set at 44.18, with the RSI last trading hit at 45.92, and the three-week RSI for MongoDB Inc is set at 42.64. [MDB], The current moving average of this stock for last 50 days of trading is 191.51, while it was recorded at 173.52 for last one week and 297.19 for last 200 days.

MongoDB Inc. Insight into the fundamentals:

Operating margin for any stock indicates how profitable an investment will be, and MongoDB Inc. [MDB] The shares currently has an Operating Margin of -33.12 and Gross Margin at +69.26. MongoDB Inc. The net margin of currently stands at -35.12%.

The Return on Equity for this stock decreased to -92.76 while the Return on Assets stood at -15.91.

MongoDB Inc. Equally intriguing is its liquidity data, with a quick ratio of 4.00 and a current ratio set at 4.00.

MongoDB Inc. [MDB] internal status statement

Institutional investors currently hold approximately $10,165 million or 92.10% of MDB stock in their hands. The top three institutional holders of MDB stock are: Price T Rowe Associates Inc. /MD/ with an ownership of 6,839,286, which is approximately -17.183% of the company’s market cap and approximately 2.60% of total institutional ownership; Vanguard Group Inc. holds 6,127,231 shares of stock with an estimated value of $1.0 billion in MDB stock shares; and Capital World Investors currently hold $950.95 million in MDB stock, owning approximately 0.172% of the company’s market capitalization.

MongoDB Inc. Shares positions held by institutional investors in MongoDB Inc. increased at the end of December and at the time of the December reporting period, where 273 institutional holders held MongoDB Inc. I increased my position. [NASDAQ:MDB] By approximately 9,016,535 shares. Additionally, 261 investors reduced positions by approximately 8,600,037 shares, while 72 investors maintained positions by 44,445,841 shares. As per the latest SEC report filing, the mentioned changes put the institutional holdings at 62,062,413 shares. There were 75 new institutional investments in MDB stock for a total of 1,916,846 shares, while 87 institutional investors sold 2,120,332 shares during the same period.

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