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After finishing at $48.94 in the prior trading day, Bright Minds Biosciences Inc (NASDAQ: DRUG) closed at $47.64, down -2.66%. In other words, the price has decreased by -$2.66 from its previous closing price. On the day, 0.77 million shares were traded. DRUG stock price reached its highest trading level at $52.5 during the session, while it also had its lowest trading level at $47.0.
Ratios:
Our goal is to gain a better understanding of DRUG by taking a closer look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 35.08 and its Current Ratio is at 35.08. In the meantime, Its Debt-to-Equity ratio is 0.00 whereas as Long-Term Debt/Eq ratio is at 0.00.
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 Oct 15 ’24 when Cormorant Asset Management, LP bought 372,591 shares for $5.53 per share. The transaction valued at 2,061,574 led to the insider holds 825,000 shares of the business.
Cormorant Asset Management, LP bought 50,000 shares of DRUG for $1,172,813 on Oct 16 ’24. The 10% Owner now owns 875,000 shares after completing the transaction at $23.46 per share.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, DRUG now has a Market Capitalization of 212657328 and an Enterprise Value of 206480960.
Stock Price History:
Over the past 52 weeks, DRUG has reached a high of $79.02, while it has fallen to a 52-week low of $0.93. The 50-Day Moving Average of the stock is 404.86%, while the 200-Day Moving Average is calculated to be 1315.50%.
Shares Statistics:
The stock has traded on average 2.91M shares per day over the past 3-months and 16219780 shares per day over the last 10 days, according to various share statistics. A total of 3.77M shares are outstanding, with a floating share count of 3.06M. Insiders hold about 31.53% of the company’s shares, while institutions hold 45.31% stake in the company. Shares short for DRUG as of 1728950400 were 1165473 with a Short Ratio of 0.40, compared to 1726185600 on 105846. Therefore, it implies a Short% of Shares Outstanding of 1165473 and a Short% of Float of 32.560003.
