From Nasdaq: 2024-11-08 18:15:05

In the latest trading session, MongoDB (MDB) closed at $290.04, down 1.39% from the previous day, underperforming the S&P 500. The stock has seen a 0.49% increase over the past month, falling behind the Computer and Technology sector. Market watchers anticipate an EPS of $0.69 and revenue of $495.23 million in MongoDB’s upcoming financial report.

Investors should pay attention to MongoDB’s valuation metrics, including a Forward P/E ratio of 121.15, higher than the industry average. The stock also has a PEG ratio of 11.65, indicating a premium compared to the industry average. The Internet – Software industry, to which MongoDB belongs, holds a Zacks Industry Rank of 59, in the top 24% of all industries.

With trillions allocated for infrastructure spending in the U.S., 5 stocks are positioned to benefit greatly from this surge in investment. These stocks are poised to profit from the opportunities in AI data centers, renewable energy, and more. Discover how to capitalize on the trillion-dollar infrastructure boom with this free report.



Read more at Nasdaq: MongoDB (MDB) Stock Declines While Market Improves: Some Information for Investors