Ratios Reveal: Breaking Down Clearmind Medicine Inc (CMND)’s Financial Health

Nora Barnes

The pursuit of outperformance leads many investors to carefully choose individual stocks. Picking the right ones can be a game-changer for growing your wealth.

Clearmind Medicine Inc (NASDAQ: CMND) closed the day trading at $0.13 down -2.34% from the previous closing price of $0.13. In other words, the price has decreased by -$2.34 from its previous closing price. On the day, 6.6 million shares were traded. CMND stock price reached its highest trading level at $0.1313 during the session, while it also had its lowest trading level at $0.1218.

Ratios:

For a better understanding of CMND, let’s look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 1.32 and its Current Ratio is at 1.32. In the meantime, Its Debt-to-Equity ratio is 0.03 whereas as Long-Term Debt/Eq ratio is at 0.00.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, CMND now has a Market Capitalization of 5679348 and an Enterprise Value of -2762265.

Stock Price History:

The Beta on a monthly basis for CMND is -1.18, which has changed by -0.9097902 over the last 52 weeks, in comparison to a change of 0.13506866 over the same period for the S&P500. Over the past 52 weeks, CMND has reached a high of $2.18, while it has fallen to a 52-week low of $0.10. The 50-Day Moving Average of the stock is -80.87%, while the 200-Day Moving Average is calculated to be -86.14%.

Shares Statistics:

Over the past 3-months, CMND traded about 12.72M shares per day on average, while over the past 10 days, CMND traded about 27888630 shares per day. A total of 5.38M shares are outstanding, with a floating share count of 1.20M. Insiders hold about 1.71% of the company’s shares, while institutions hold 8.87% stake in the company. Shares short for CMND as of 1763078400 were 2849281 with a Short Ratio of 0.22, compared to 1760486400 on 153024. Therefore, it implies a Short% of Shares Outstanding of 2849281 and a Short% of Float of 17.26.

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