MongoDB, Inc. (NASDAQ:MDB) Currently 4.38% Below Its 52-week High But The Upside Potential …

In last trading session, MongoDB, Inc. (NASDAQ:MDB) saw 599,648 shares changing hands with its beta currently measuring 0. Company’s recent per share price level of $277.63 trading at $5.62 or 2.07% at ring of the bell on the day assigns it a market valuation of $16.34 Billion. That closing price of MDB’s stock is at a discount of -4.38% from its 52-week high price of $289.79 and is indicating a premium of 66.21% from its 52-week low price of $93.81. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 646.4 Million shares which gives us an average trading volume of 740.94 Million if we extend that period to 3-months.

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For MongoDB, Inc. (MDB), analysts’ consensus is at an average recommendation of Overweight while assigning it a mean rating of 2.1. Splitting up the data highlights that, out of 15 analysts covering the stock, none rated the stock as a Sell while none recommended an Overweight rating for the stock. 6 suggested the stock as a Hold whereas 9 see the stock as a Buy. None analyst(s) advised it as an Underweight. The company is expected to be making an EPS of -$0.44 in the current quarter.

Upright in the green today for gaining 2.07%, in the last five days MDB remained trading in the green while hitting it’s week-highest on Monday, Nov 30 when the stock touched $289.79 price level, adding 4.2% to its value on the day. MongoDB, Inc.’s shares saw a change of 110.95% in year-to-date performance and have moved 2.82% in past 5-day. MongoDB, Inc. (NASDAQ:MDB) showed a performance of 13.47% in past 30-days. Number of shares sold short was 8.17 Million shares which calculate 0.01 days to cover the short interests.

Wall Street analysts have assigned a consensus price target of $288.27 to the stock, which implies a rise of 3.83% to its current value. Analysts have been projecting $245 as a low price target for the stock while placing it at a high target of $331. It follows that stock’s current price would jump +19.22% in reaching the projected high whereas dropping to the targeted low would mean a loss of -11.75% for stock’s current value.

MongoDB, Inc. (MDB) estimates and forecasts

Statistics highlight that MongoDB, Inc. is scoring comparatively higher than the scores of other players of the relevant industry. The company added +36.17% of value to its shares in past 6 months, showing an annual growth rate of 24% while that of industry is 8.2. Apart from that, the company came lowering its revenue forecast for fiscal year 2020. The company is estimating its revenue growth to decline by -69.2% in the current quarter and calculating -72% decline in the next quarter. This year revenue growth is estimated to rise 31.2% from the last financial year’s standing.

11 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $136Million for the same. And 11 analysts are in estimates of company making revenue of $144.1 Million in the next quarter that will end in January 01, 2021.

Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of -14.9% during past 5 years. In 2020, company’s earnings growth rate is likely to be around -64.9% while estimates for its earnings growth in next 5 years are of 0%

MongoDB, Inc. (NASDAQ:MDB)’s Major holders

Insiders are in possession of 2.92% of company’s total shares while institution are holding 91.15% percent of that, with stock having share float percentage of 93.89%. Investors also watch the number of corporate investors in a company very closely, which is 552 institutions for MongoDB, Inc. that are currently holding shares of the company. Capital World Investors is the top institutional holder at MDB for having 7.21 Million shares of worth $1.67 Billion. And as of September 29, 2020, it was holding 12.25% of the company’s outstanding shares.

The second largest institutional holder is FMR, LLC, which was holding about 5.56 Million shares on September 29, 2020. The number of shares represents firm’s hold over 9.45% of outstanding shares, having a total worth of $1.29 Billion.

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On the other hand, Growth Fund Of America Inc and Smallcap World Fund are the top two Mutual Funds which own company’s shares. As of September 29, 2020, the former fund manager was holding 4691341 shares of worth $1.09 Billion or 7.97% of the total outstanding shares. The later fund manager was in possession of 2.81 Million shares on September 29, 2020, making its stake of worth around $650.87 Million in the company or a holder of 4.78% of company’s stock.

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