Mind Medicine Inc (NASDAQ:MNMD) Jumps 0.23 Percent, But More Could Be Coming.

In last trading session, Mind Medicine Inc (NASDAQ:MNMD) saw 0.48 million shares changing hands with its beta currently measuring -7.17. Company’s recent per share price level of $4.41 trading at $0.01 or 0.23% at ring of the bell on the day assigns it a market valuation of $124.19M. That closing price of MNMD’s stock is at a discount of -13.61% from its 52-week high price of $5.01 and is indicating a premium of 45.35% from its 52-week low price of $2.41. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 0.5 million shares which gives us an average trading volume of 604.08K if we extend that period to 3-months.

Mind Medicine Inc (NASDAQ:MNMD) trade information

Upright in the green during last session for gaining 0.23%, in the last five days MNMD remained trading in the green while hitting it’s week-highest on Friday, 02/09/24 when the stock touched $4.41 price level, adding 1.56% to its value on the day. Mind Medicine Inc’s shares saw a change of 20.49% in year-to-date performance and have moved 8.35% in past 5-day. Mind Medicine Inc (NASDAQ:MNMD) showed a performance of 5.00% in past 30-days. Number of shares sold short was 3.22 million shares which calculate 3.53 days to cover the short interests.

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Mind Medicine Inc (MNMD) estimates and forecasts

Statistics highlight that Mind Medicine Inc is scoring comparatively lower than the scores of other players of the relevant industry. The company added 2.80% of value to its shares in past 6 months, showing an annual growth rate of -11.00% while that of industry is 15.80. Apart from that, the company came lowering its revenue forecast for fiscal year 2024. The company is estimating its revenue growth to decrease by -187.50% in the current quarter and calculating 35.40% increase in the next quarter.

Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of 17.62% during past 5 years.

MNMD Dividends

Mind Medicine Inc is more likely to be releasing its next quarterly report between March 07 and March 11 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.

Mind Medicine Inc (NASDAQ:MNMD)’s Major holders

Insiders are in possession of 4.36% of company’s total shares while institution are holding 11.03 percent of that, with stock having share float percentage of 11.53%. Investors also watch the number of corporate investors in a company very closely, which is 11.03% institutions for Mind Medicine Inc that are currently holding shares of the company. Vanguard Group Inc is the top institutional holder at MNMD for having 0.57 million shares of worth $2.5 million. And as of Sep 29, 2023, it was holding 1.38% of the company’s outstanding shares.

The second largest institutional holder is Blackrock Inc., which was holding about 0.55 million shares on Sep 29, 2023. The number of shares represents firm’s hold over 1.33% of outstanding shares, having a total worth of $2.42 million.

On the other hand, Vanguard Extended Market Index Fund and Fidelity Extended Market Index Fund are the top two Mutual Funds which own company’s shares. As of Sep 29, 2023, the former fund manager was holding 0.55 million shares of worth $2.43 million or 1.34% of the total outstanding shares. The later fund manager was in possession of 0.19 million shares on Dec 30, 2023, making its stake of worth around $0.83 million in the company or a holder of 0.46% of company’s stock.

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