In yesterday’s Wall Street session, MongoDB Inc (NASDAQ:MDB) shares traded at $290.79, up 18.34% from the previous session.
MDB stock price is now 18.17% away from the 50-day moving average and -15.58% away from the 200-day moving average. The market capitalization of the company currently stands at $21.33B.
Top 5 Artificial Intelligence Stocks to Buy for 2024
By now, you're well aware of the artificial intelligence boom. You know Big Tech has been investing billions of dollars into it.
According to Next Move Strategy Consulting, the AI market – currently valued at about $100 billion – cold grow twenty-fold by 2030 to more than $2 trillion. That means you may want to strongly consider these top AI stocks. Get our free report, "Top 5 AI Stocks to Buy in 2024."
Click here to automatically get the our FREE Report & Special Offer "5 Best AI Stocks to Invest In"
Sponsored
On April 23, 2024, Loop Capital recently initiated its ‘Buy’ rating on the stock quoting a target price of $415, while ‘Redburn Atlantic’ rates the stock as ‘Sell’
In other news, MERRIMAN DWIGHT A, Director bought 1,500 shares of the company’s stock on Aug 30 ’24. The stock was bought for $435,456 at an average price of $290.30. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 30 ’24, Director MERRIMAN DWIGHT A bought 1,000 shares of the business’s stock. A total of $290,260 was incurred on buying the stock at an average price of $290.26. A total of 3.62% of the company’s stock is owned by insiders.
During the past 12 months, MongoDB Inc has had a low of $212.74 and a high of $509.62. As of last week, the company has a debt-to-equity ratio of 0.90, a current ratio of 4.85, and a quick ratio of 4.85. The fifty day moving average price for MDB is $247.4746 and a two-hundred day moving average price translates $344.00644 for the stock.
The latest earnings results from MongoDB Inc (NASDAQ: MDB) was released for 2024-07-31. The net profit margin was -12.08% and return on equity was -19.56% for MDB. The company reported revenue of $450.56 million for the quarter, compared to $368.28 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 22.34 percent.
