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The closing price of Mind Medicine Inc (NASDAQ: MNMD) was $7.76 for the day, down -7.51% from the previous closing price of $8.39. In other words, the price has decreased by -$7.51 from its previous closing price. On the day, 5.45 million shares were traded. MNMD stock price reached its highest trading level at $9.85 during the session, while it also had its lowest trading level at $7.73.
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 Sep 25 ’24 when Sullivan, Mark bought 4,430 shares for $5.98 per share.
Liao Carrie sold 2,352 shares of MNMD for $14,065 on Sep 25 ’24. The Chief Accounting Officer now owns 99,543 shares after completing the transaction at $5.98 per share. On Sep 25 ’24, another insider, Barrow Robert, who serves as the Chief Executive Officer of the company, sold 19,771 shares for $5.98 each. As a result, the insider received 118,231 and left with 545,772 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 569053952 and an Enterprise Value of 298080928.
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 $2.42. The 50-Day Moving Average of the stock is 22.74%, while the 200-Day Moving Average is calculated to be 4.99%.
Shares Statistics:
MNMD traded an average of 969.08K shares per day over the past three months and 2614910 shares per day over the past ten days. A total of 41.10M shares are outstanding, with a floating share count of 27.25M. Shares short for MNMD as of 1730332800 were 9983900 with a Short Ratio of 10.30, compared to 1727654400 on 10362529. Therefore, it implies a Short% of Shares Outstanding of 9983900 and a Short% of Float of 13.63.
