Financial Metrics Exploration: Understanding Clearmind Medicine Inc (CMND) Through Ratios

Kevin Freeman

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The closing price of Clearmind Medicine Inc (NASDAQ: CMND) was $2.29 for the day, down -5.76% from the previous closing price of $2.43. In other words, the price has decreased by -$5.76 from its previous closing price. On the day, 75638.0 shares were traded. CMND stock price reached its highest trading level at $2.43 during the session, while it also had its lowest trading level at $2.23.

Ratios:

Our analysis of CMND’s different ratios will help us gain a deeper understanding of the company. 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 3434532 and an Enterprise Value of -3155029.

Stock Price History:

The Beta on a monthly basis for CMND is -1.19, which has changed by -0.96105766 over the last 52 weeks, in comparison to a change of 0.14446163 over the same period for the S&P500. Over the past 52 weeks, CMND has reached a high of $87.20, while it has fallen to a 52-week low of $2.36. The 50-Day Moving Average of the stock is -86.95%, while the 200-Day Moving Average is calculated to be -93.34%.

Shares Statistics:

CMND traded an average of 362.47K shares per day over the past three months and 332602 shares per day over the past ten days. A total of 5.38M shares are outstanding, with a floating share count of 2.36M. Insiders hold about 25.61% of the company’s shares, while institutions hold 0.22% stake in the company. Shares short for CMND as of 1764288000 were 7021 with a Short Ratio of 0.08, compared to 1761868800 on 6441. Therefore, it implies a Short% of Shares Outstanding of 7021 and a Short% of Float of 0.02.

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