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After finishing at $6.14 in the prior trading day, Mind Medicine Inc (NASDAQ: MNMD) closed at $6.06, down -1.30%. In other words, the price has decreased by -$1.30 from its previous closing price. On the day, 0.59 million shares were traded. MNMD stock price reached its highest trading level at $6.18 during the session, while it also had its lowest trading level at $5.87.
Ratios:
Our goal is to gain a better understanding of MNMD by taking a closer look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 5.92 and its Current Ratio is at 5.92. In the meantime, Its Debt-to-Equity ratio is 0.12 whereas as Long-Term Debt/Eq ratio is at 0.12.
Upgrades & Downgrades
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:
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 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 444390080 and an Enterprise Value of 218317520.
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 1.07%, while the 200-Day Moving Average is calculated to be -15.95%.
Shares Statistics:
The stock has traded on average 795.56K shares per day over the past 3-months and 569370 shares per day over the last 10 days, according to various share statistics. A total of 41.10M shares are outstanding, with a floating share count of 27.28M. Insiders hold about 3.15% of the company’s shares, while institutions hold 144.31% stake in the company. Shares short for MNMD as of 1728950400 were 10212923 with a Short Ratio of 12.84, compared to 1726185600 on 9446090. Therefore, it implies a Short% of Shares Outstanding of 10212923 and a Short% of Float of 12.550001.
