MongoDB Inc (NASDAQ: MDB) Has Fallen -72.42% From Its Highs, What Comes Next?

MongoDB Inc (NASDAQ:MDB)’s traded shares stood at 0.84 million during the latest session, with the company’s beta value hitting 1.41. At the last check today, the stock’s price was $214.59, to imply an increase of 1.89% or $3.99 in intraday trading. The MDB share’s 52-week high remains $370.00, putting it -72.42% down since that peak but still an impressive 34.4% since price per share fell to its 52-week low of $140.78.

Analysts have given a consensus recommendation of Buy for MongoDB Inc (MDB), translating to a mean rating of 1.63. Of 28 analyst(s) looking at the stock, 1 analyst(s) give MDB a Sell rating. 1 of those analysts rate the stock as Overweight while 6 advise Hold as 20 recommend it as a Buy.

MongoDB Inc (NASDAQ:MDB) trade information

After registering a 1.89% upside in the latest session, MongoDB Inc (MDB) has traded red over the past five days. The 5-day price performance for the stock is -4.79%, and 9.54% over 30 days. With these gigs, the year-to-date price performance is -7.83%.

The extremes give us $160 and $350 for target low and target high price respectively. As such, MDB has been trading -63.1% off suggested target high and 25.44% from its likely low.

An assessment of the company’s 5-year growth patterns shows that annual earnings grew an estimated 11.21% for the past 5-year period. While 2025 is set for a -13.85% return in earnings, projections for the next 5 years are at 11.10% annually.

MDB Dividends

MongoDB Inc has its next earnings report out in July. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too.

The next major institution holding the largest number of shares is BLACKROCK INC. with 6.12 million shares, or about 8.3218% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $1.53 billion.

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