In the last trading session, 1.33 million Mind Medicine Inc (NASDAQ:MNMD) shares changed hands as the company’s beta touched 1.69. With the company’s per share price at $7.49 changed hands at -$0.65 or -7.99% during last session, the market valuation stood at $548.88M. MNMD’s last price was a discount, traded about -63.15% off its 52-week high of $12.22. The share price had its 52-week low at $2.92, which suggests the last value was 61.01% up since then. When we look at Mind Medicine Inc’s average trading volume, we note the 10-day average is 1.39 million shares, with the 3-month average coming to 1.10 million.
Analysts gave the Mind Medicine Inc (MNMD) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.12. If we narrow down to specifics, the data shows that 0 out of 2 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 0 recommended MNMD as a Hold, 2 felt it is a Buy and 0 rated the stock as Underweight. Mind Medicine Inc’s EPS for the current quarter is 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
Instantly MNMD was in red as seen at the end of in last trading. With action -1.64%, the performance over the past five days has been red. The company’s shares are showing year-to-date upside of 104.51%, with the 5-day performance at -1.64% in the red. However, in the 30-day time frame, Mind Medicine Inc (NASDAQ:MNMD) is 21.91% up. Looking at the short shares, we see there were 10.05 million shares sold at short interest cover period of 6.76 days.
The consensus price target for the stock as assigned by Wall Street analysts is 20, meaning bulls need an upside of 62.55% from its current market value. According to analyst projections, MNMD’s forecast low is 14 with 22 as the target high. To hit the forecast high, the stock’s price needs a -193.72% plunge from its current level, while the stock would need to soar -86.92% for it to hit the projected low.
Mind Medicine Inc (MNMD) estimates and forecasts
Data shows that the Mind Medicine Inc share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot -9.27% over the past 6 months, a 35.66% in annual growth rate that is considerably higher than the industry average of 17.60%.
According to analysts, the company will likely register a growth in its current quarter sales, forecast at 0.00%. The estimates for the next quarter sales put growth at 0.00%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 2.29%. The 2024 estimates are for Mind Medicine Inc earnings to increase by 40.94%.
MNMD Dividends
Mind Medicine Inc is expected to release its next quarterly earnings report in January.
Mind Medicine Inc (NASDAQ:MNMD)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 1.14% of Mind Medicine Inc shares while 68.13% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 68.91%.
