Consistent Unprofitability And Low Market Share Make MongoDB Unattractive

Nov. 26, 2022 11:35 PM ETMongoDB, Inc. (MDB)AMZN, ORCL, MSFT16 Comments
Motek Moyen profile picture
Motek Moyen
6.77K Followers

Summary

  • The YTD performance of MongoDB is -69%. Don’t average down. This database company’s stock has more downside risk.
  • Seeking Alpha Quant AI has a sell rating for MDB. EMA and RSI indicators are bearish for this stock.
  • The first version of MongoDB was shipped in 2009. As per Enlyft’s tracking, MongoDB’s market share is below 5%.
  • The low market share of MongoDB is depressing. This company’s average 5-year revenue CAGR is 53%.
  • It is disappointing that a 5-year revenue CAGR of 53% has not made MongoDB profitable. Management should raise that pricing for MongoDB Atlas.

MongoDB headquarters in Silicon Valley

Sundry Photography

MongoDB, Inc. (NASDAQ:MDB) is a leading NoSQL software provider for the fast-growing $16.9 billion Database-as-a-Service industry. MDB's YTD performance is -69%. Trading at less than $151, MDB trades far below its 52-week high of $570.58. I opine that

MDB is still significantly overvalued

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MongoDB is a midget with just 4% marketshare

Enlyft.com

a price increase for mongodb software is urgently needed

Enlyft.com

MongoDB has many rivals including amazon

decipherzone.com

I am bearish but Wall Street is very bullish on MDB

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buy msft or orcl instead of mdb

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This article was written by

Motek Moyen profile picture
6.77K Followers
Motek Moyen is a financial analyst, technician, and Adobe multimedia content creator. He studied Mathematics, Commercial Advertising, and Computer Science in the 1990s. He does not trade stocks.

Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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