While MongoDB Inc has overperformed by 2.22%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, MDB fell by -41.61%, with highs and lows ranging from $509.62 to $212.74, whereas the simple moving average jumped by 5.79% in the last 200 days.
On January 21, 2025, China Renaissance started tracking MongoDB Inc (NASDAQ: MDB) recommending Buy. A report published by Cantor Fitzgerald on January 17, 2025, Initiated its previous ‘Overweight’ rating for MDB. Guggenheim also Upgraded MDB shares as ‘Buy’, setting a target price of $300 on the company’s shares in a report dated January 06, 2025. Rosenblatt Initiated an Buy rating on December 17, 2024, and assigned a price target of $350. Monness Crespi & Hardt December 16, 2024d its ‘Neutral’ rating to ‘Sell’ for MDB, as published in its report on December 16, 2024. Macquarie’s report from December 12, 2024 suggests a price prediction of $300 for MDB shares, giving the stock a ‘Neutral’ rating. Guggenheim also rated the stock as ‘Neutral’.
Analysis of MongoDB Inc (MDB)
Further, the quarter-over-quarter increase in sales is 22.28%, showing a positive trend in the upcoming months.
To gain a thorough understanding of MongoDB Inc’s future performance, several well-rounded types of analysis and research techniques can be used, with equity being among the most crucial. The goal here is to ensure that your current return on equity of -16.23% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 1.64, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
It is also very valuable to look at average volume as an indicator of volatility for a stock, and MDB is recording an average volume of 2.10M. On a monthly basis, the volatility of the stock is set at 4.06%, whereas on a weekly basis, it is put at 3.41%, with a gain of 3.70% over the past seven days. Furthermore, long-term investors anticipate a median target price of $364.97, showing growth from the present price of $292.46, which can serve as yet another indication of whether MDB is worth investing in or should be passed over.
How Do You Analyze MongoDB Inc Shares?
The number of employees owning shares of the company should also be considered in addition to the fundamentals. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 4.04%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 89.51% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
MDB shares are owned by institutional investors to the tune of 89.51% at present.
