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As of close of business last night, Mind Medicine Inc’s stock clocked out at $7.49, down -7.99% from its previous closing price of $8.14. In other words, the price has decreased by -$7.99 from its previous closing price. On the day, 1.33 million shares were traded. MNMD stock price reached its highest trading level at $8.2934 during the session, while it also had its lowest trading level at $7.26.
Ratios:
To gain a deeper understanding of MNMD’s stock, we examine its different ratios. 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:
Investing in insider trades can also provide an investor with insight into how management views future stock prices. 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 548887744 and an Enterprise Value of 277914688.
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 12.40%, while the 200-Day Moving Average is calculated to be -1.12%.
Shares Statistics:
It appears that MNMD traded 1.10M shares on average per day over the past three months and 1392490 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 1731628800 were 10054736 with a Short Ratio of 9.12, compared to 1728950400 on 10212923. Therefore, it implies a Short% of Shares Outstanding of 10054736 and a Short% of Float of 13.719999999999999.
