Overall market sentiment has been high on Mongodb Inc (MDB) stock lately. MDB receives a Bullish rating from InvestorsObserver's Stock Sentiment Indicator.
What is Stock Sentiment?
In investing, sentiment generally means whether or not a given security is in favor with investors. It is typically a pretty short-term metric that relies entirely on technical analysis. That means it doesn’t incorporate anything to do with the health or profitability of the underlying company.
Recent trends are a good indicator of current market sentiments. In its most basic form, stocks that are trending up are desirable by investors while stocks currently falling must be unattractive.
InvestorsObserver's Sentimental Indicator tracks both changes in price and volume to analyze the most recent trends. Typically an increase in volume indicates ongoing trends are getting stronger, while a decrease in volume usually signals an end to the current trend.
Available options can also represent current sentiments for a given stock. Since investors are able to bet on future trends of stocks using options, we consider the ratio of calls to puts when analyzing market sentiments .
What's Happening With MDB Stock Today?
Mongodb Inc (MDB) stock has risen 1.77% while the S&P 500 is lower by -0.18% as of 1:48 PM on Monday, Apr 12. MDB has risen $5.27 from the previous closing price of $297.96 on volume of 311,558 shares. Over the past year the S&P 500 is higher by 49.24% while MDB has risen 113.69%. MDB lost -$4.53 per share in the over the last 12 months.
More About Mongodb Inc
MongoDB Inc is a US-based general-purpose database platform. The company provides a database platform to run applications at scale across a varied range of use cases in the cloud, on-premise, and in a hybrid environment. The platform addresses the performance, scalability, flexibility and reliability demands of modern applications while maintaining the core capabilities of legacy databases. The commercial database products of the company include MongoDB Enterprise Server, MongoDB Atlas, Community Server, MongoDB Stitch, and others. The company also provides professional services to customers, including consulting and training. The majority of the company's revenue comes from the United States.