Mainz Biomed N.V (NASDAQ:MYNZ) Shares Plunged -13.73% In A Week – But Can It Maintain Its Gains?

In last trading session, Mainz Biomed N.V (NASDAQ:MYNZ) saw 1.9 million shares changing hands with its beta currently measuring 0.08. Company’s recent per share price level of $0.22 trading at -$0.02 or -7.06% at ring of the bell on the day assigns it a market valuation of $4.81M. That closing price of MYNZ’s stock is at a discount of -1440.91% from its 52-week high price of $3.39 and is indicating a premium of 13.64% from its 52-week low price of $0.19. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 2.45 million shares which gives us an average trading volume of 2.12 million if we extend that period to 3-months.

Mainz Biomed N.V (NASDAQ:MYNZ) trade information

Upright in the red during last session for losing -7.06%, in the last five days MYNZ remained trading in the red while hitting it’s week-highest on Thursday, 10/31/24 when the stock touched $0.22 price level, adding 15.71% to its value on the day. Mainz Biomed N.V’s shares saw a change of -81.03% in year-to-date performance and have moved -13.73% in past 5-day. Mainz Biomed N.V (NASDAQ:MYNZ) showed a performance of -24.14% in past 30-days. Number of shares sold short was 1.7 million shares which calculate 0.66 days to cover the short interests.

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Mainz Biomed N.V (MYNZ) estimates and forecasts

Statistics highlight that Mainz Biomed N.V is scoring comparatively higher than the scores of other players of the relevant industry. The company lost -69.44% of value to its shares in past 6 months, showing an annual growth rate of 45.68% while that of industry is 17.00. Apart from that, the company came raising its revenue forecast for fiscal year 2024. This year revenue growth is estimated to rise 34.10% from the last financial year’s standing.

2 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 220k for the same. And 2 analysts are in estimates of company making revenue of 300k in the next quarter.

Mainz Biomed N.V (NASDAQ:MYNZ)’s Major holders

NORTHERN TRUST CORP is the top institutional holder at MYNZ for having 29934.0 shares of worth $12004.0. And as of 2024-06-30, it was holding 0.1414 of the company’s outstanding shares.

The second largest institutional holder is VONTOBEL HOLDING LTD., which was holding about 25000.0 shares on 2024-06-30. The number of shares represents firm’s hold over 0.1181 of outstanding shares, having a total worth of $10025.0.