Are Mira Pharmaceuticals Inc (NASDAQ: MIRA) Shares Ready For A Higher Price Run?

In the last trading session, 4.07 million shares of the Mira Pharmaceuticals Inc (NASDAQ:MIRA) were traded, and its beta was 4.38. Most recently the company’s share price was $1.85, and it changed around -$0.02 or -1.07% from the last close, which brings the market valuation of the company to $27.34M. MIRA currently trades at a discount to its 52-week high of $6.77, offering almost -265.95% off that amount. The share price’s 52-week low was $0.51, which indicates that the current value has risen by an impressive 72.43% since then. We note from Mira Pharmaceuticals Inc’s average daily trading volume that its 10-day average is 1.39 million shares, with the 3-month average coming to 4.97 million.

Mira Pharmaceuticals Inc (NASDAQ:MIRA) trade information

Instantly MIRA has showed a red trend with a performance of -1.07% at the end of last trading. The performance over the last five days has remained in the red territory. The rise to weekly highs of 2.0100 on recent trading dayincreased the stock’s daily price by 7.96%. The company’s shares are currently up 76.19% year-to-date, but still down -4.15% over the last five days. On the other hand, Mira Pharmaceuticals Inc (NASDAQ:MIRA) is -39.14% down in the 30-day period. We can see from the shorts that 0.45 million shares have been sold at a short interest cover period of 0.03 day(s).

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Mira Pharmaceuticals Inc (MIRA) estimates and forecasts

Mira Pharmaceuticals Inc share prices are performing particularly well not compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen 85.00 percent over the past six months and at a 6.25% annual growth rate that is well below the industry average of 18.30%.

MIRA Dividends

Mira Pharmaceuticals Inc’s next quarterly earnings report is expected to be released on 2024-Aug-13.

Mira Pharmaceuticals Inc (NASDAQ:MIRA)’s Major holders

Upon looking at major shareholders, it appears that insiders hold 27.21% of Mira Pharmaceuticals Inc shares, and 4.88% of them are in the hands of institutional investors. The stock currently has a share float of 6.71%.

The former held 9.46 shares worth $17491.0, making up 0.06% of all outstanding shares.