Mind Medicine Inc (NASDAQ:MNMD) has a beta value of 1.70 and has seen 2.2 million shares traded in the last trading session. The company, currently valued at $594.72M, closed the last trade at $8.11 per share which meant it gained $0.42 on the day or 5.46% during that session. The MNMD stock price is -50.68% off its 52-week high price of $12.22 and 56.97% above the 52-week low of $3.49. If we look at the company’s 10-day average daily trading volume, we find that it stood at 1.24 million shares traded. The 3-month trading volume is 1.27 million shares.
The consensus among analysts is that Mind Medicine Inc (MNMD) is Buy stock at the moment, with a recommendation rating of 1.11. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 0 out of 2 have rated it as a Hold, with 2 advising it as a Buy. 0 have rated the stock as Underweight.
Mind Medicine Inc (NASDAQ:MNMD) trade information
Sporting 5.46% in the green in last session, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the MNMD stock price touched $8.11 or saw a rise of 8.15%. Year-to-date, Mind Medicine Inc shares have moved 16.52%, while the 5-day performance has seen it change 21.04%. Over the past 30 days, the shares of Mind Medicine Inc (NASDAQ:MNMD) have changed 14.06%. Short interest in the company has seen 9.44 million shares shorted with days to cover at 6.41.
Wall Street analysts have a consensus price target for the stock at $14, which means that the shares’ value could jump 42.07% from current levels. The projected low price target is $14.0 while the price target rests at a high of $14.0. In that case, then, we find that the current price level is -72.63% off the targeted high while a plunge would see the stock gain -72.63% from current levels.
Mind Medicine Inc (MNMD) estimates and forecasts
Figures show that Mind Medicine Inc shares have outperformed across the wider relevant industry. The company’s shares have gained 14.23% over the past 6 months, with this year growth rate of 35.66%, compared to 16.90% for the industry.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was 2.29% over the past 5 years.
MNMD Dividends
Mind Medicine Inc is expected to release its next earnings report in February this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Mind Medicine Inc (NASDAQ:MNMD)’s Major holders
Insiders own 0.70% of the company shares, while shares held by institutions stand at 68.17% with a share float percentage of 68.65%. Investors are also buoyed by the number of investors in a company, with Mind Medicine Inc having a total of 213.0 institutions that hold shares in the company.
