In the last trading session, 2.07 million Medicinova Inc (NASDAQ:MNOV) shares changed hands as the company’s beta touched 0.76. With the company’s per share price at $2.28 changed hands at $0.75 or 49.02% during last session, the market valuation stood at $111.82M. MNOV’s last price was a premium, traded about 5.26% off its 52-week high of $2.16. The share price had its 52-week low at $1.12, which suggests the last value was 50.88% up since then. When we look at Medicinova Inc’s average trading volume, we note the 10-day average is 0.22 million shares, with the 3-month average coming to 39.29K.
Medicinova Inc (NASDAQ:MNOV) trade information
Instantly MNOV was in green as seen at the end of in last trading. With action 41.61%, the performance over the past five days has been green. The company’s shares are showing year-to-date upside of 52.00%, with the 5-day performance at 41.61% in the green. However, in the 30-day time frame, Medicinova Inc (NASDAQ:MNOV) is 28.81% up. Looking at the short shares, we see there were 0.2 million shares sold at short interest cover period of 8.91 days.
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Medicinova Inc (MNOV) estimates and forecasts
Data shows that the Medicinova Inc share is performing relatively much not better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot 54.05% over the past 6 months, a -35.29% in annual growth rate that is considerably lower than the industry average of 17.10%.
The company’s revenue for the corresponding quarters a year ago was 1M.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 13.30%. The 2024 estimates are for Medicinova Inc earnings to decrease by -35.29%, but the outlook for the next 5-year period is at 20.00% per year.
MNOV Dividends
Medicinova Inc is expected to release its next quarterly earnings report in December.
Medicinova Inc (NASDAQ:MNOV)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 2.98% of Medicinova Inc shares while 21.03% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 21.68%. There are 21.03% institutions holding the Medicinova Inc stock share, with ESSEX WOODLANDS MANAGEMENT, INC. the top institutional holder. As of 2024-06-30, the company held 2.2549% of the shares, roughly 1.11 million MNOV shares worth $1.59 million.
BLACKROCK INC. holds the second largest percentage of outstanding shares, with 1.4169% or 0.69 million shares worth $1.0 million as of 2024-06-30.
