During the last session, Mind Medicine Inc (NASDAQ:MNMD)’s traded shares were 0.6 million, with the beta value of the company hitting 1.62. At the end of the trading day, the stock’s price was $5.41, reflecting an intraday gain of 4.64% or $0.24. The 52-week high for the MNMD share is $12.22, that puts it down -125.88 from that peak though still a striking 55.45% gain since the share price plummeted to a 52-week low of $2.41. The company’s market capitalization is $152.35M, and the average intraday trading volume over the past 10 days was 0.5 million shares, and the average trade volume was 876.66K shares over the past three months.
Mind Medicine Inc (MNMD) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 1.10. MNMD has a Sell rating from 0 analyst(s) out of 2 analysts who have looked at this stock. 0 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 2 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be -0.28.
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Mind Medicine Inc (NASDAQ:MNMD) trade information
Mind Medicine Inc (MNMD) registered a 4.64% upside in the last session and has traded in the red over the past 5 sessions. The stock spiked 4.64% in intraday trading to $5.41, hitting a weekly high. The stock’s 5-day price performance is -2.87%, and it has moved by -12.46% in 30 days. Based on these gigs, the overall price performance for the year is 88.50%. The short interest in Mind Medicine Inc (NASDAQ:MNMD) is 10.36 million shares and it means that shorts have 13.34 day(s) to cover.
The consensus price target of analysts on Wall Street is $20, which implies an increase of 72.95% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $14 and $22 respectively. As a result, MNMD is trading at a discount of -306.65% off the target high and -158.78% off the low.
Mind Medicine Inc (MNMD) estimates and forecasts
Statistics show that Mind Medicine Inc has outperformed its competitors in share price, compared to the industry in which it operates. Mind Medicine Inc (MNMD) shares have gone down -44.05% during the last six months, with a year-to-date growth rate more than the industry average at 34.84% against 17.50. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to grow 37.80% this quarter and then jump 47.50% in the quarter after that.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 2.29%. While earnings are projected to return 38.36% in 2024.
MNMD Dividends
Mind Medicine Inc is due to release its next quarterly earnings on 2024-Oct-31. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Mind Medicine Inc (NASDAQ:MNMD)’s Major holders
Mind Medicine Inc insiders own 1.04% of total outstanding shares while institutional holders control 52.20%, with the float percentage being 52.75%.
