Mind Medicine Inc (NASDAQ: MNMD) : Investors Should Not Dump MNMD Stock In 2024

In the last trading session, 1.09 million Mind Medicine Inc (NASDAQ:MNMD) shares changed hands as the company’s beta touched -7.26. With the company’s per share price at $10.00 changed hands at $0.48 or 5.04% during last session, the market valuation stood at $281.60M. MNMD’s last price was a discount, traded about -22.2% off its 52-week high of $12.22. The share price had its 52-week low at $2.41, which suggests the last value was 75.9% up since then. When we look at Mind Medicine Inc’s average trading volume, we note the 3-month average coming to 2.32 million.

Mind Medicine Inc (NASDAQ:MNMD) trade information

Instantly MNMD was in green as seen at the end of in last trading. With action 17.37%, the performance over the past five days has been green. The jump to weekly highs of 10.34 added 5.04% to the stock’s daily price. The company’s shares are showing year-to-date upside of 173.22%, with the 5-day performance at 17.37% in the green. However, in the 30-day time frame, Mind Medicine Inc (NASDAQ:MNMD) is -7.41% down.

Mind Medicine Inc (MNMD) estimates and forecasts

Data shows that the Mind Medicine Inc share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot 301.61% over the past 6 months, a 29.51% in annual growth rate that is considerably higher than the industry average of 13.00%.

Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 2.29%. The 2024 estimates are for Mind Medicine Inc earnings to increase by 35.25%.

MNMD Dividends

Mind Medicine Inc is expected to release its next quarterly earnings report in June.