MIND Technology Inc (NASDAQ: MIND): Stock Forecast For 2024 Sees A An Incline Of 11.16%

EVTL

In today’s recent session, 1.96 million shares of the MIND Technology Inc (NASDAQ:MIND) have been traded, and its beta is 1.14. Most recently the company’s share price was $5.79, and it changed around $1.56 or 36.91% from the last close, which brings the market valuation of the company to $46.15M. MIND at last check was trading at a discount to its 52-week high of $6.98, offering almost -20.55% off that amount. The share price’s 52-week low was $3.05, which indicates that the recent value has risen by an impressive 47.32% since then. We note from MIND Technology Inc’s average daily trading volume that its 10-day average is 0.1 million shares, with the 3-month average coming to 72.42K.

MIND Technology Inc (NASDAQ:MIND) trade information

Instantly MIND has been showing a green trend so far today with a performance of 36.91% on intraday trading today. The performance over the last five days has remained in the green territory. The rise to weekly highs of 5.85 on recent trading dayincreased the stock’s daily price by 1.03%. The company’s shares are currently down -12.12% year-to-date, but still up 47.36% over the last five days. On the other hand, MIND Technology Inc (NASDAQ:MIND) is 51.60% up in the 30-day period. We can see from the shorts that 22708.0 shares have been sold at a short interest cover period of 0.44 day(s).

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 Technology Inc (MIND) estimates and forecasts

The year-over-year growth rate is expected to be 13.57%, up from the previous year.

Consensus estimates provided by 1 financial analysts predict the company will bring in an average of 11.5M in revenue for the current quarter. Analysts predict that the company’s current quarter sales will drop, forecast at -14.04%.

Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 25.21%. MIND Technology Inc earnings are expected to increase by 114.94% in 2024, but the outlook is positive 15.00% per year for the next five years.

MIND Dividends

MIND Technology Inc’s next quarterly earnings report is expected to be released in January.

MIND Technology Inc (NASDAQ:MIND)’s Major holders

Upon looking at major shareholders, it appears that insiders hold 2.11% of MIND Technology Inc shares, and 11.94% of them are in the hands of institutional investors. The stock currently has a share float of 12.20%.