In the last trading session, 1.23 million shares of the Mind Medicine Inc (NASDAQ:MNMD) were traded, and its beta was 1.69. Most recently the company’s share price was $7.44, and it changed around $0.33 or 4.64% from the last close, which brings the market valuation of the company to $570.91M. MNMD currently trades at a discount to its 52-week high of $12.22, offering almost -64.25% off that amount. The share price’s 52-week low was $2.92, which indicates that the current value has risen by an impressive 60.75% since then. We note from Mind Medicine Inc’s average daily trading volume that its 10-day average is 1.16 million shares, with the 3-month average coming to 1.10 million.
Mind Medicine Inc stock received a consensus recommendation rating of Buy, based on a mean score of 1.12. If we narrow it down even further, the data shows that 0 out of 9 analysts rate the stock as a Sell; another 4 rate it as Overweight. Among the rest, 0 recommended MNMD as a Hold, whereas 5 deemed it a Buy, and 0 rated it as Underweight. Mind Medicine Inc is expected to report earnings per share of -0.3 for the current quarter.
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Mind Medicine Inc (NASDAQ:MNMD) trade information
Instantly MNMD has showed a green trend with a performance of 4.64% at the end of last trading. The performance over the last five days has remained in the red territory. The rise to weekly highs of 8.56 on recent trading dayincreased the stock’s daily price by 13.08%. The company’s shares are currently up 103.28% year-to-date, but still down -8.94% over the last five days. On the other hand, Mind Medicine Inc (NASDAQ:MNMD) is 10.22% up in the 30-day period. We can see from the shorts that 10.05 million shares have been sold at a short interest cover period of 6.76 day(s).
The consensus price target as assigned by Wall Street analysts is $14, which translates to bulls needing to increase their stock price by 46.86% from its current value. Analyst projections state that MNMD is forecast to be at a low of $14 and a high of $14.
Mind Medicine Inc (MNMD) estimates and forecasts
Mind Medicine Inc share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen 2.62 percent over the past six months and at a 35.66% annual growth rate that is well above the industry average of 17.10%.
Forecasts for the next quarter put sales growth at 0.00%.
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 2.29%.
MNMD Dividends
Mind Medicine Inc’s next quarterly earnings report is expected to be released in January.
Mind Medicine Inc (NASDAQ:MNMD)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 1.14% of Mind Medicine Inc shares, and 68.14% of them are in the hands of institutional investors. The stock currently has a share float of 68.93%.
