Seeking to outpace the market, investors engage in the art of selecting individual stocks. The right picks can play a pivotal role in boosting your wealth.
The price of Mind Medicine Inc (NASDAQ: MNMD) closed at $6.35 in the last session, up 0.63% from day before closing price of $6.31. In other words, the price has increased by $0.63 from its previous closing price. On the day, 0.89 million shares were traded. MNMD stock price reached its highest trading level at $6.65 during the session, while it also had its lowest trading level at $6.22.
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 7.25 and its Current Ratio is at 7.25. In the meantime, Its Debt-to-Equity ratio is 0.09 whereas as Long-Term Debt/Eq ratio is at 0.09.
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 Dec 26 ’24 when Barrow Robert sold 19,106 shares for $7.43 per share. The transaction valued at 141,958 led to the insider holds 526,666 shares of the business.
Liao Carrie sold 2,273 shares of MNMD for $16,888 on Dec 26 ’24. The Chief Accounting Officer now owns 97,270 shares after completing the transaction at $7.43 per share. On Dec 26 ’24, another insider, Karlin Dan, who serves as the Chief Medical Officer of the company, sold 6,643 shares for $7.43 each. As a result, the insider received 49,357 and left with 338,013 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 478589344 and an Enterprise Value of 226702080.
Stock Price History:
The Beta on a monthly basis for MNMD is 2.33, which has changed by -0.35923308 over the last 52 weeks, in comparison to a change of 0.09506309 over the same period for the S&P500. Over the past 52 weeks, MNMD has reached a high of $12.22, while it has fallen to a 52-week low of $5.03. The 50-Day Moving Average of the stock is -13.00%, while the 200-Day Moving Average is calculated to be -10.66%.
Shares Statistics:
According to the various share statistics, MNMD traded on average about 2.04M shares per day over the past 3-months and 1536780 shares per day over the past 10 days. A total of 75.10M shares are outstanding, with a floating share count of 73.35M. Insiders hold about 2.67% of the company’s shares, while institutions hold 54.71% stake in the company. Shares short for MNMD as of 1740700800 were 11805380 with a Short Ratio of 5.80, compared to 1738281600 on 10264839. Therefore, it implies a Short% of Shares Outstanding of 11805380 and a Short% of Float of 15.68.
Dividends & Splits
Against a Trailing Annual Dividend Yield of 0.0
