During the last session, Mind Medicine Inc (NASDAQ:MNMD)’s traded shares were 1.07 million, with the beta value of the company hitting 1.66. At the end of the trading day, the stock’s price was $7.09, reflecting an intraday loss of -5.72% or -$0.43. The 52-week high for the MNMD share is $12.22, that puts it down -72.36 from that peak though still a striking 63.19% gain since the share price plummeted to a 52-week low of $2.61. The company’s market capitalization is $519.92M, and the average intraday trading volume over the past 10 days was 2.83 million shares, and the average trade volume was 1.08 million 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 1.12. 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 -0.3.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Mind Medicine Inc (NASDAQ:MNMD) trade information
Mind Medicine Inc (MNMD) registered a -5.72% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -5.72% in intraday trading to $7.09, hitting a weekly high. The stock’s 5-day price performance is -15.49%, and it has moved by 13.99% in 30 days. Based on these gigs, the overall price performance for the year is 164.55%. The short interest in Mind Medicine Inc (NASDAQ:MNMD) is 9.98 million shares and it means that shorts have 16.07 day(s) to cover.
The consensus price target of analysts on Wall Street is $20, which implies an increase of 64.55% 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 -210.3% off the target high and -97.46% 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 -10.82% during the last six months, with a year-to-date growth rate more than the industry average at 35.66% against 18.00. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to grow 49.49% this quarter and then jump 71.05% 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 40.94% in 2024.
MNMD Dividends
Mind Medicine Inc is due to release its next quarterly earnings in December. 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 1.14% of total outstanding shares while institutional holders control 68.10%, with the float percentage being 68.88%.
