MongoDB Inc. (MDB), a supplier of databases and other corporate sector information resources, recovered losses from the sales made during the COVID-19 period. But stock growth may continue, and in this case the current sideways trend is an opportunity for entry.

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The MDB is one of the cases of rapid stock growth in the industry, as well as a good example of turning a niche company into a scalable one. The growth of MDB shares by about 80 percent over the past 12 months, however has changed since June to a sideways trend. This might be an indication of the end of the stage of rapid growth.

The non-relational database (NoSQL) technology is MongoDB’s main product. They are well suited to distributed network computing systems, such as in the cloud, on-premises or hybrid environment and scaling of special devices, such as science computing or networks from the Internet of Things (IoT). The benefit of NoSQL is the ability to use various data types to run calculations quickly. This is a very significant benefit, since often not the most sophisticated software that is easier to use, but it is the easiest to deploy, because there are minimal labor resources and project time.

Even though MongoDB is not profitable, this hinders the stock growth. And it will take the company some more years to build up its customer base and grow its cash flow.

However, amid the COVID-19 crisis, a promising indicator for potential MongoDB investors is the company’s improved financial results this year. The business continues to expand, and a slowdown in price growth could be an opportunity for buying.

MongoDB Inc. (MDB) stock has closed the weekend session at a rise of 1.74 percent to $270.02. The stock is also up 5.84 percent over the past week and its gain since start of the year rose to 105.17 percent which brought the market capitalization of the New York-based company to more than $15 billion.

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