The pursuit of market outperformance leads investors to the practice of hand-picking stocks. Skillful choices can be a catalyst for significant wealth enhancement.
The closing price of Mind Medicine Inc (NASDAQ: MNMD) was $7.16 for the day, up 1.99% from the previous closing price of $7.02. In other words, the price has increased by $1.99 from its previous closing price. On the day, 1.18 million shares were traded. MNMD stock price reached its highest trading level at $7.29 during the session, while it also had its lowest trading level at $6.91.
Ratios:
Our analysis of MNMD’s different ratios will help us gain a deeper understanding of the company. 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.
On July 24, 2024, ROTH MKM started tracking the stock assigning a Buy rating and target price of $36.
On May 29, 2024, Robert W. Baird started tracking the stock assigning a Outperform rating and target price of $27.Robert W. Baird initiated its Outperform rating on May 29, 2024, with a $27 target price.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Dec 05 ’24 when GRYSKA DAVID W bought 2,500 shares for $7.17 per share. The transaction valued at 17,925 led to the insider holds 19,851 shares of the business.
Sullivan, Mark bought 4,430 shares of MNMD for $26,487 on Sep 25 ’24. On Sep 25 ’24, another insider, Liao Carrie, who serves as the Chief Accounting Officer of the company, sold 2,352 shares for $5.98 each. As a result, the insider received 14,065 and left with 99,543 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 525054944 and an Enterprise Value of 254081904.
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 $2.92. The 50-Day Moving Average of the stock is 3.82%, while the 200-Day Moving Average is calculated to be -6.47%.
Shares Statistics:
MNMD traded an average of 1.14M shares per day over the past three months and 1048480 shares per day over the past ten days. A total of 81.59M shares are outstanding, with a floating share count of 27.25M. Shares short for MNMD as of 1732838400 were 9707406 with a Short Ratio of 8.54, compared to 1730332800 on 9983900. Therefore, it implies a Short% of Shares Outstanding of 9707406 and a Short% of Float of 13.25.
Earnings Estimates
The market rating for Mind Medicine Inc (MNMD) is a result of the insights provided by 5.0 analysts actively involved in the assessment.The consensus estimate for the next quarter is -$0.33, with high estimates of -$0.31 and low estimates of -$0.34.
Analysts are recommending an EPS of between -$1.26 and -$1.71 for the fiscal current year, implying an average EPS of -$1.43. EPS for the following year is -$1.48, with 6.0 analysts recommending between -$1.31 and -$1.6.
