Bullish Signal: Stock Chart Of MongoDB, Inc. (MDB) Triggers Buyers Today

MongoDB, Inc. (MDB), a Software—Infrastructure corporation, was a bullish stock in the previous trading session. MongoDB, Inc. (MDB) shares opened the market for trading at $158.73 and closed the day at $162.13 with positive move of +1.92%. The increase move in MongoDB, Inc. (MDB) beat the move in the NASDAQ, a tech heavy index, for the day which lossed -0.31% in previous trading session.

MongoDB, Inc. (MDB) is focused on the Software—Infrastructure sector. This stock market sector has seen some action from traders in recent days. Bullish traders of MongoDB, Inc. (MDB) will be looking for positive upcoming earnings whereas bearish traders of MongoDB, Inc. (MDB) will be looking for negative earnings. The last time MongoDB, Inc. (MDB) had an earnings surprise was on Qtr Ending 01/20 when they reported -$0.68 compared to an estimate of -$0.64 which was a difference of -$0.04 resulting in a change of -6.25%. Current earnings estimates are to be released for Current Qtr 04/2020 on MongoDB, Inc. (MDB) and out of 5 Wall Street estimates the average is saying -$0.69. The high estimate is saying -$0.66 whereas the low estimate is saying -$0.72 and the prior year MongoDB, Inc. (MDB) announced earnings at -$0.48 a growth rate est. (year over year) of -43.75%.

The market performance of MongoDB, Inc. (MDB) has varied recently. Year to date MongoDB, Inc. (MDB)’s shares are up 23.19%. Over the past 12 weeks MongoDB, Inc. (MDB) is down -0.90% and over the last 4 weeks MongoDB, Inc. (MDB) is up 29.62%. MongoDB, Inc. (MDB) current income statement shows revenue (ttm) of $421.72M. Gross Profit is $296.36M. This puts the current EBITDA of MongoDB, Inc. (MDB) at $-130.51M.

Wall street traders might also notice recent changes to stock analyst estimates for MongoDB, Inc. (MDB). The stock is trading with an RSI (relative strength index) of 59.71 indicating MongoDB, Inc. (MDB) is neither overbought nor oversold. Technically, MDB’s short term support levels are around $3.54, $2.82 and $1.97 on the downside. MDBs short term resistance levels are $6.00, $5.50 and $5.32 on the upside. The market cap of MongoDB, Inc. (MDB) is $9.333B and institutions hold 99.49% of the stock. The outstanding share count stands at 57.65M while the short float (shares short) stands at 17.56%.

Stock market research shows that these earning estimate changes look to be directly correlated with short-term shares prices. The traders can look to capitalize on the basis of ranking. MongoDB, Inc. (MDB) has short term rating of Bullish (0.33), Intermediate rating of Bullish (0.38) and long-term rating of Neutral (0.06) giving MongoDB, Inc. (MDB) an overall rating of Bullish (0.25).

The EPS growth this year on MongoDB, Inc. (MDB) is decreased -64.90% and is expected to increase 38.30% next year. However, quarterly earnings (EPS) growth year over year on MongoDB, Inc. (MDB) has decreased by -712.40% and quarterly revenue (Sales) growth year over year stands at 28.20%. Gross margin is detected at 70.30% that represents the percent of total sales revenue that the company retains after direct cost of goods sold. Net profit margin (ttm) is -41.60% while return on equity (ttm) is -89.00%.

Recent Developments:

2020-03-17 – Mongodb Reports Q4 Loss Per Share Of $1.10.
2020-02-11 – Mongodb Board Increases Size To Ten Directors – SEC Filing.
2020-01-10 – MongoDB Announces Pricing Of Upsized $1.0 Bln Convertible Senior Notes Offering.
2020-01-08 – Mongodb Announces Proposed Private Offering Of $750 Mln Of Convertible Senior Notes.
2019-12-09 – Mongodb Inc Q3 Non-Gaap Loss Per Share $0.26.

About Company:

MongoDB, Inc. provides general purpose database platform. Its products include MongoDB Enterprise Advanced, MongoDB Enterprise for OEM, MongoDB Professional, MongoDB Stitch, MongoDB Atlas, Development Support, Ops Manager, Cloud Manager, Compass, Connector for business intelligence, and Connector for Spark.

Leave a Comment