MongoDB posted its quarterly earnings results, that surpassed analysts’ expectations.
The database software company’s earnings came in at $0.20 per share for the quarter, beating the consensus estimate of loss of ($1.34), MarketWatch Earnings reports.
Revenue for the quarter climbed +57.1% year over year to $285.45 million in the quarter, well above analysts’ expectations of $267.10 million.
MongoDB’s subscription revenues (accounting for 96.2% of total revenues) surged +57.3% year over year, while services revenues were up + 53.5% year over year.
Looking ahead, MongoDB projects revenues between $279 million and $282 million for second-quarter fiscal 2023. Adverse macro-economic environment is expected to hurt revenues in the range of $4-$5 million. The company anticipates non-GAAP net loss in the range of -31 cents and -28 cents per share.
For full fiscal -year 2023, MongoDB now projects revenues in the range of $1.172 billion and $1.192 billion (vs. prior guidance range of $1.151-$1.181 billion). Adverse macro-economic condition is expected to hurt revenues in the range of $30-$35 million. It expects non-GAAP net loss in the range of -31 cents to -16 cents per share.
The RSI Indicator for MDB moved out of oversold territory on April 22, 2024. This could be a sign that the stock is shifting from a downward trend to an upward trend. Traders may want to buy the stock or call options. The A.I.dvisor looked at 28 similar instances when the indicator left oversold territory. In of the 28 cases the stock moved higher. This puts the odds of a move higher at .
The Momentum Indicator moved above the 0 level on April 23, 2024. You may want to consider a long position or call options on MDB as a result. In of 74 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .
The Moving Average Convergence Divergence (MACD) for MDB just turned positive on March 28, 2024. Looking at past instances where MDB's MACD turned positive, the stock continued to rise in of 44 cases over the following month. The odds of a continued upward trend are .
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where MDB advanced for three days, in of 333 cases, the price rose further within the following month. The odds of a continued upward trend are .
The Stochastic Oscillator may be shifting from an upward trend to a downward trend. In of 70 cases where MDB's Stochastic Oscillator exited the overbought zone, the price fell further within the following month. The odds of a continued downward trend are .
MDB moved below its 50-day moving average on April 29, 2024 date and that indicates a change from an upward trend to a downward trend.
The 50-day moving average for MDB moved below the 200-day moving average on April 25, 2024. This could be a long-term bearish signal for the stock as the stock shifts to an downward trend.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where MDB declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
MDB broke above its upper Bollinger Band on April 26, 2024. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
The Aroon Indicator for MDB entered a downward trend on April 25, 2024. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. MDB’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating well-balanced risk and returns. The average Profit vs. Risk Rating rating for the industry is 90, placing this stock slightly better than average.
The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is slightly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (24.272) is normal, around the industry mean (29.992). P/E Ratio (0.000) is within average values for comparable stocks, (155.575). Projected Growth (PEG Ratio) (1.654) is also within normal values, averaging (2.725). Dividend Yield (0.000) settles around the average of (0.081) among similar stocks. P/S Ratio (15.083) is also within normal values, averaging (55.531).
The Tickeron Seasonality Score of (best 1 - 100 worst) indicates that the company is significantly overvalued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.
The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating weak sales and an unprofitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to worse than average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
a developer of MongoDB database
Industry PackagedSoftware