Breaking: MongoDB, Inc. (NASDAQ: $MDB) Spike 77%

The price of MongoDB, Inc. (NASDAQ: MDB) surge 77% yesterday extending the gains to extended market and premarket trading sessions consecutively.

Currently up 22%, should the asset break the ceiling of the symmetrical triangle formed the stock might be eyeing the $500 resistant albeit market condition.

MongoDB Just Surged to a New 52-Week High, the company posted stronger-than-expected quarterly results and a solid forecast.

Shares of MongoDB soared nearly 80% Tuesday, a day after the company reported adjusted earnings of $1.32 per share on revenue that increased 19% year-over-year to $628.3 million.1 Analysts surveyed by Visible Alpha had expected $0.82 and $594.3 million, respectively.

Financial Performance
In 2024, MongoDB's revenue was $2.01 billion, an increase of 19.22% compared to the previous year's $1.68 billion. Losses were -$129.07 million, -26.91% less than in 2023.

bout MDB
MongoDB, Inc., together with its subsidiaries, provides general purpose database platform worldwide. The company provides MongoDB Atlas, a hosted multi-cloud database-as-a-service solution; MongoDB Enterprise Advanced, a commercial database server for enterprise customers to run in the cloud, on-premises, or in a hybrid environment; and Community Server, a free-to-download version of its database, which includes the functionality that developers need to get started with MongoDB.