MongoDB Inc (MDB) Down -54.23% From Its 52-Week High, But Growth Potential Is Changing Over Time

MongoDB Inc (NASDAQ:MDB) currently has a daily average trading volume of 1.61M but it saw 1802667 shares traded in last market. With a market cap of 17.11B USD, the company’s current market price of $233.24 came rising about 0.47 while comparing to the previous closing price of $232.15. In past 52 weeks, the stock remained buoying in the range of price level as high as $509.62 and as low as $225.25.

Taking a look at 20-day trading activity of MongoDB Inc (MDB) gives us an average price of $330.63, while its current price level is -54.23% below from 52-week high level whereas it is 3.55% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $346.08 while that of 200 days or SMA-200 reads an average of $377.76. A closer look into the stock’s movement over the week reveals that its volatility is standing at 6.02% during that period while stretching the period over a month that decreases to 3.79%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 15.07 which implies that the stock is in oversold territory.

Redburn Atlantic issued its recommendations for the stock as it downgraded the price target for the stock in the range of between $410 and $295.

Over the week, MDB’s stock price is moving -30.17% down while it is -36.22% when we observe its performance for the past one month. Year-to-date it is -42.95% down and over the past year, the stock is showing a downside performance of -39.97%.

Currently, MongoDB Inc’s total number of outstanding shares is 72.74M. Company’s return on investment (ROI) stands at -8.19% and return on equity (ROE) at -19.69%. It has a 77.94 of forward P/E ratio. Stock’s beta reads 1.13. Stock has a price to book (P/B) ratio of 13.48 while price to sale or P/S ratio amounts to 9.69. Its return on asset (ROA) is -7.23% on average.