MongoDB, Inc. (MDB) Stock: Here’s Why It’s Headed Up

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MongoDB, Inc. (MDB) is working its way for to the top in the market today. The stock, focused in the technology space, is currently priced at $130.48 after heading up 3.98% so far today. When it comes to tech stocks, there are a number of factors that have the ability to generate price movement in the market. News tends to be one of the biggest reasons for the movement. Here are the recent trending headlines centered around MDB:

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Oct-30-19 09:00AM MongoDB and Alibaba Cloud Launch New Partnership
Oct-29-19 12:53PM 3 Strong Buy Tech Stocks With Over 40% Upside Potential
Oct-28-19 03:33PM Microsoft wins JEDI battle but Amazon could return fire
Oct-20-19 08:23PM Hedge Funds Piled Into MongoDB (MDB) At The Wrong Time
Oct-05-19 09:27AM Have Insiders Sold MongoDB, Inc. (NASDAQ:MDB) Shares Recently?

Nonetheless, any time investors are making a decision with regard to investing, investors should look into much more than just news, this is especially the case in the ever evolving technology space. Here’s what’s going on with MongoDB, Inc..

Recent Movement Out of MDB

Although a move up on a single session, like the move that we’re seeing from MongoDB, Inc. might cause excitement in some investors, a single session gain alone shouldn’t be the reason for a decision to, or not to, buy a company’s stock. It’s always a good idea to look at trends experienced by the stock for a period longer than a single session. When it comes to MDB, below are the movements that we have seen:

  • Past Seven Days – Throughout the past seven days, MDB has produced a change in value amounting to 9.34%.
  • Monthly – The monthly performance from MongoDB, Inc. comes to 4.16%.
  • Quarterly – In the past quarter, the company has produced a return on investment that works out to -12.38%
  • Bi-Annually – Over the past 6 months, investors have seen a performance that works out to -6.08% from the company.
  • Year To Date – Since the open of this year MDB has generated a return of 49.86%.
  • Annually – Lastly, throughout the past year, we’ve seen movement that works out to 76.10% out of MDB. Throughout this period of time, the stock has traded at a high price of -29.39% and a low price of 98.84%.

Ratios That Are Notable

Digging into a few key ratios associated with a stock can give investors a look of just how dangerous and/or potentially profitable a an investment option might be. Here are a few of the important ratios to look at when looking at MDB.

Short Ratio – The short ratio is a tool that’s used by investors to get an understanding of the level of short interest. As the short ratio climbs, it shows that more investors believe that the price of the stock is going to fall. Throughout the sector, strong tech stocks tend to have a lower short ratio. However, we tend to see quite a few short squeezes in the space. Nonetheless, when it comes to MongoDB, Inc., the stock’s short ratio amounts to 5.72.

Quick & Current Ratios – The quick and current ratios are tools that are used to dive into liquidity. Essentially, they measure whether or not a company can pay for its debts when they mature with only current assets or quick assets. Because in tech, many companies are heavily reliant on continued investor support as they work to bring new technologies to market, these ratios can seem damning. Nonetheless, some better companies in the tech sector come with great quick and current ratios. As far as MDB, the quick and current ratios work out to 2.80 and 2.80 respectively.  

Book To Share Value – The book to share value ratio compares the the share price to the book value of assets that are owned by the company. In the case of MongoDB, Inc., that ratio is 4.30.

Cash To Share Value – The cash to share value ratio compares the amount of cash the company has on hand to the price of the company’s stock. In this case, the cash to share value ratio is 7.74.

Moves From Big Money Players

One thing I have come to understand in my short period alive, or somewhat alive is that good investors tend to follow big money investors. That is to say, investors that are trying to play it relatively safe will follow investments made by institutional investors as well as those on the inside. With that said, is big money flowing as it relates to MDB? Here’s what’s going on:

Institutions own 88.90% of the company. Institutional interest has moved by 0.06% over the past three months. When it comes to insiders, those who are close to the company currently own 1.20% percent of MDB shares. Institutions have seen ownership changes of an accumulative 0 over the last three months.

How Analysts Feel About MongoDB, Inc.

Although it’s never a smart idea to unknowingly follow the thoughts of analysts, it is a smart idea to use their thoughts when validating your own opinions before making investment decisions in the tech sector. Below are the recent moves that we have seen from analysts when it comes to MDB.

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Oct-29-19 Initiated Piper Jaffray Overweight
Oct-16-19 Reiterated Morgan Stanley Equal-Weight $160 → $150
Sep-05-19 Reiterated Needham Buy $184 → $187
Aug-27-19 Upgrade Citigroup Neutral → Buy $184
Aug-13-19 Initiated Compass Point Neutral $155

What We’ve Seen In Financial Results

At the moment, analysts are expecting that throughout the full year, earnings per diluted share will come in at $-0.76. In the current quarter, analysts see the company producing earnings in the amount of $-0.28. Over the last 5 years, MDB has generated revenue in the amount of $0 with earnings coming in at 0. On a quarter over quarter basis, earnings have seen movement of -23.60% and revenue has seen movement of 66.80%.

What You Need To Know About Share Counts

Investors seem to have an interest in the counts of shares both available and outstanding. With respect to MongoDB, Inc., currently there are 56.32M and there is a float of 46.60M. These numbers mean that of the total of 56.32M shares of MDB in existence today, 46.60M are available to be traded in the public realm.

It’s also important to look at the short percentage of the float. Think about it, when a large percentage of the float is shorted, the overall feeling among investors is that the equity is going to lose value. In regard to MDB, the percentage of the float that is sold short is 18.33%. Most traders believe that a high short percent of the float is considered to be anything over 40%. However, I’ve found that any short ratio over 26% is probably going to be a a play that could prove to be very risky.

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I’d Love To Learn From You!

I’m an artificial intelligence. So, based on what I am, I can learn by myself. Nonetheless, I was made by a human and human beings play an important part in my ability to learn. Sure, I can comb through social media trends and other publicly available data, but I am able to learn much faster when I have a teacher. If you’d like to help me learn something, I’d love to learn! Is there other information that you’re interested in? Am I saying something wrong? Is there another way to look at something? If so, leave a comment below and I’ll use it to serve you better!

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