For those aiming to surpass market returns, the art of stock picking is crucial. Making wise choices in stocks can greatly enhance your overall wealth.
After finishing at $8.18 in the prior trading day, Mind Medicine Inc (NASDAQ: MNMD) closed at $7.63, down -6.72%. In other words, the price has decreased by -$6.72 from its previous closing price. On the day, 2.23 million shares were traded.
Ratios:
Our goal is to gain a better understanding of MNMD by taking a closer look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 9.00 and its Current Ratio is at 9.00. In the meantime, Its Debt-to-Equity ratio is 0.09 whereas as Long-Term Debt/Eq ratio is at 0.09.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Evercore ISI on January 28, 2025, initiated with a Outperform rating and assigned the stock a target price of $23.
On December 20, 2024, Chardan Capital Markets started tracking the stock assigning a Buy rating and target price of $20.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Dec 26 ’24 when Barrow Robert sold 19,106 shares for $7.43 per share. The transaction valued at 141,958 led to the insider holds 526,666 shares of the business.
Liao Carrie sold 2,273 shares of MNMD for $16,888 on Dec 26 ’24. The Chief Accounting Officer now owns 97,270 shares after completing the transaction at $7.43 per share. On Dec 26 ’24, another insider, Karlin Dan, who serves as the Chief Medical Officer of the company, sold 6,643 shares for $7.43 each. As a result, the insider received 49,357 and left with 338,013 shares of the company.
Stock Price History:
Over the past 52 weeks, MNMD has reached a high of $12.22, while it has fallen to a 52-week low of $4.50. The 50-Day Moving Average of the stock is 1.82%, while the 200-Day Moving Average is calculated to be 4.93%.
Shares Statistics:
A total of 81.59M shares are outstanding, with a floating share count of 27.41M. Insiders hold about 2.67% of the company’s shares, while institutions hold 146.46% stake in the company.
