TECH - MongoDB Stock Drops Despite Earnings Beat: Buy-The-Dip Opportunity? | Benzinga
MongoDB Inc (NASDAQ:MDB), reported its fourth-quarter earnings on March 7. The stock is down 7% since then, despite the company reporting a 82.98% surprise on EPS and a 5.60% surprise on revenue. Nonetheless, the report failed to lift the stock as guidance fell short of estimates.
Related: MongoDB’s Concerns About Outlook Despite Strong Q4 Results: Analysts Revise Forecasts
Having delivered 82%+ price returns over the past year, MongoDB’s stock is down over 10% so far this year.
Let’s looks at some technical indicators to see whether the stock is offering a buy-the-dip opportunity here.
MongoDb Stock Technical Setup Post Q4 Earnings
Charts indicate that the ...