Beyond market trends, investors keen on maximizing returns delve into the world of stock picking. The right selections can be instrumental in catapulting your wealth.
The price of Mind Medicine Inc (NASDAQ: MNMD) closed at $6.54 in the last session, up 2.67% from day before closing price of $6.37. In other words, the price has increased by $2.67 from its previous closing price. On the day, 0.78 million shares were traded. MNMD stock price reached its highest trading level at $6.56 during the session, while it also had its lowest trading level at $6.3192.
Ratios:
We take a closer look at MNMD’s different ratios to gain a better understanding of the stock. For the most recent quarter (mrq), Quick Ratio is recorded 7.27 and its Current Ratio is at 7.27. In the meantime, Its Debt-to-Equity ratio is 0.10 whereas as Long-Term Debt/Eq ratio is at 0.10.
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:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Mar 25 ’25 when Barrow Robert sold 21,208 shares for $6.74 per share. The transaction valued at 142,942 led to the insider holds 856,556 shares of the business.
Karlin Daniel sold 6,836 shares of MNMD for $46,075 on Mar 25 ’25. The Chief Medical Officer now owns 446,177 shares after completing the transaction at $6.74 per share. On Mar 25 ’25, another insider, Sullivan Mark, who serves as the Chief Legal Officer of the company, sold 6,576 shares for $6.74 each. As a result, the insider received 44,322 and left with 316,621 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, MNMD now has a Market Capitalization of 494118560 and an Enterprise Value of 303713344.
Stock Price History:
The Beta on a monthly basis for MNMD is 2.83, which has changed by -0.24393064 over the last 52 weeks, in comparison to a change of 0.11241627 over the same period for the S&P500. Over the past 52 weeks, MNMD has reached a high of $10.44, while it has fallen to a 52-week low of $4.70. The 50-Day Moving Average of the stock is 5.84%, while the 200-Day Moving Average is calculated to be -3.16%.
Shares Statistics:
According to the various share statistics, MNMD traded on average about 1.50M shares per day over the past 3-months and 862730 shares per day over the past 10 days. A total of 75.51M shares are outstanding, with a floating share count of 72.88M. Insiders hold about 3.53% of the company’s shares, while institutions hold 53.77% stake in the company. Shares short for MNMD as of 1745971200 were 10740893 with a Short Ratio of 7.17, compared to 1743379200 on 11336926. Therefore, it implies a Short% of Shares Outstanding of 10740893 and a Short% of Float of 14.330000000000002.
Dividends & Splits
Against a Trailing Annual Dividend Yield of 0.0
