Beyond market trends, investors looking for superior returns explore the world of stock picking. The right selections can be a powerful driver for wealth accumulation.
As of close of business last night, Mind Medicine Inc’s stock clocked out at $9.22, down -7.80% from its previous closing price of $10.00. In other words, the price has decreased by -$7.80 from its previous closing price. On the day, 1.31 million shares were traded. MNMD stock price reached its highest trading level at $10.28 during the session, while it also had its lowest trading level at $9.21.
Ratios:
To gain a deeper understanding of MNMD’s stock, we examine its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 3.22 and its Current Ratio is at 3.22. In the meantime, Its Debt-to-Equity ratio is 0.18 whereas as Long-Term Debt/Eq ratio is at 0.18.
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, Leerink Partners on April 15, 2024, initiated with a Outperform rating and assigned the stock a target price of $20.
On December 05, 2023, Canaccord Genuity started tracking the stock assigning a Buy rating and target price of $9.
Insider Transactions:
Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on Mar 25 ’24 when Barrow Robert sold 16,519 shares for $9.50 per share. The transaction valued at 156,930 led to the insider holds 580,202 shares of the business.
Karlin Dan sold 6,578 shares of MNMD for $62,491 on Mar 25 ’24. The Chief Medical Officer now owns 358,452 shares after completing the transaction at $9.50 per share. On Dec 26 ’23, another insider, Barrow Robert, who serves as the Chief Executive Officer of the company, sold 13,237 shares for $3.63 each. As a result, the insider received 48,050 and left with 596,721 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 718723968 and an Enterprise Value of 295527296.
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 $2.41. The 50-Day Moving Average of the stock is 4.30%, while the 200-Day Moving Average is calculated to be 86.43%.
Shares Statistics:
It appears that MNMD traded 2.32M shares on average per day over the past three months and 1000430 shares per day over the past ten days. A total of 41.10M shares are outstanding, with a floating share count of 27.47M. Insiders hold about 2.46% of the company’s shares, while institutions hold 61.75% stake in the company. Shares short for MNMD as of 1713139200 were 6924134 with a Short Ratio of 2.99, compared to 1710460800 on 5865852. Therefore, it implies a Short% of Shares Outstanding of 6924134 and a Short% of Float of 9.879999999999999.
