In last trading session, Mind Medicine Inc (NASDAQ:MNMD) saw 3.47 million shares changing hands with its beta currently measuring 1.64. Company’s recent per share price level of $7.52 trading at $0.77 or 11.41% at ring of the bell on the day assigns it a market valuation of $551.46M. That closing price of MNMD’s stock is at a discount of -62.5% from its 52-week high price of $12.22 and is indicating a premium of 67.95% 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 0.78 million shares which gives us an average trading volume of 812.25K if we extend that period to 3-months.
For Mind Medicine Inc (MNMD), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 1.10. Splitting up the data highlights that, out of 2 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 0 suggested the stock as a Hold whereas 2 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of -0.28 in the current quarter.
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Mind Medicine Inc (NASDAQ:MNMD) trade information
Upright in the green during last session for gaining 11.41%, in the last five days MNMD remained trading in the green while hitting it’s week-highest on Thursday, 11/07/24 when the stock touched $7.52 price level, adding 6.47% to its value on the day. Mind Medicine Inc’s shares saw a change of 105.46% in year-to-date performance and have moved 19.37% in past 5-day. Mind Medicine Inc (NASDAQ:MNMD) showed a performance of 43.24% in past 30-days. Number of shares sold short was 10.21 million shares which calculate 14.93 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 20 to the stock, which implies a rise of 62.4% to its current value. Analysts have been projecting 14 as a low price target for the stock while placing it at a high target of 22. It follows that stock’s current price would drop -86.17% in reaching the projected high whereas dropping to the targeted low would mean a loss of -86.17% for stock’s current value.
Mind Medicine Inc (MNMD) estimates and forecasts
Statistics highlight that Mind Medicine Inc is scoring comparatively higher than the scores of other players of the relevant industry. The company lost -17.54% of value to its shares in past 6 months, showing an annual growth rate of 34.84% while that of industry is 16.60. Apart from that, the company came raising its revenue forecast for fiscal year 2024.
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 2.29% during past 5 years.
Mind Medicine Inc (NASDAQ:MNMD)’s Major holders
Insiders are in possession of 1.14% of company’s total shares while institution are holding 57.42 percent of that, with stock having share float percentage of 58.08%. Investors also watch the number of corporate investors in a company very closely, which is 57.42% institutions for Mind Medicine Inc that are currently holding shares of the company.
