Those aiming for above-average market returns often engage in the meticulous process of stock picking. Choosing the right stocks can make a substantial difference in your wealth.
The price of MIND Technology Inc (NASDAQ: MIND) closed at $7.18 in the last session, up 13.97% from day before closing price of $6.30. In other words, the price has increased by $13.97 from its previous closing price. On the day, 0.9 million shares were traded. MIND stock price reached its highest trading level at $7.29 during the session, while it also had its lowest trading level at $6.2.
Ratios:
We take a closer look at MIND’s different ratios to gain a better understanding of the stock. For the most recent quarter (mrq), Quick Ratio is recorded 1.40 and its Current Ratio is at 3.12. In the meantime, Its Debt-to-Equity ratio is 0.06 whereas as Long-Term Debt/Eq ratio is at 0.03.
On May 19, 2014, Global Hunter Securities Downgraded its rating to Accumulate which previously was Buy and also lowered its target price recommendation from $17 to $15.
Global Hunter Securities reiterated its Buy rating for the stock on July 13, 2011, while the target price for the stock was revised from $22 to $25.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, MIND now has a Market Capitalization of 57220436 and an Enterprise Value of 85081272. As of this moment, MIND’s Price-to-Earnings (P/E) ratio for their current fiscal year is 15.79, and their Forward P/E ratio for the next fiscal year is 9.32. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.05. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.27 while its Price-to-Book (P/B) ratio in mrq is 2.27. Its current Enterprise Value per Revenue stands at 2.235 whereas that against EBITDA is 22.586.
Stock Price History:
Over the past 52 weeks, MIND has reached a high of $6.98, while it has fallen to a 52-week low of $3.05. The 50-Day Moving Average of the stock is 79.14%, while the 200-Day Moving Average is calculated to be 64.28%.
Shares Statistics:
According to the various share statistics, MIND traded on average about 162.79K shares per day over the past 3-months and 736950 shares per day over the past 10 days. A total of 7.97M shares are outstanding, with a floating share count of 7.80M. Insiders hold about 2.11% of the company’s shares, while institutions hold 11.93% stake in the company. Shares short for MIND as of 1732838400 were 22708 with a Short Ratio of 0.14, compared to 1730332800 on 21867. Therefore, it implies a Short% of Shares Outstanding of 22708 and a Short% of Float of 0.29.