Is MIND Technology Inc (NASDAQ: MIND) Stock On Course For Another Boom Or Bust?

During the last session, MIND Technology Inc (NASDAQ:MIND)’s traded shares were 0.55 million, with the beta value of the company hitting 0.91. At the end of the trading day, the stock’s price was $9.08, reflecting an intraday gain of 5.70% or $0.49. The 52-week high for the MIND share is $8.63, that puts it up 4.96 from that peak though still a striking 66.41% gain since the share price plummeted to a 52-week low of $3.05. The company’s market capitalization is $72.37M, and the average intraday trading volume over the past 10 days was 0.37 million shares, and the average trade volume was 298.96K shares over the past three months.

MIND Technology Inc (NASDAQ:MIND) trade information

MIND Technology Inc (MIND) registered a 5.70% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 5.70% in intraday trading to $9.08, hitting a weekly high. The stock’s 5-day price performance is 18.08%, and it has moved by 19.47% in 30 days. Based on these gigs, the overall price performance for the year is 51.59%. The short interest in MIND Technology Inc (NASDAQ:MIND) is 22708.0 shares and it means that shorts have 0.44 day(s) to cover.

MIND Technology Inc (MIND) estimates and forecasts

In the rating firms’ projections, revenue will increase 20.57% compared to the previous financial year.

As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 12.2M as predicted by 1 analyst(s).

An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 25.21%. While earnings are projected to return 116.09% in 2025.

MIND Dividends

MIND Technology Inc is due to release its next quarterly earnings in February. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.

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

MIND Technology Inc insiders own 2.11% of total outstanding shares while institutional holders control 11.94%, with the float percentage being 12.20%.

Also, the Mutual Funds coming in first place with the largest holdings of MIND Technology Inc (MIND) shares are North Square Inv Tr-North Square Kennedy MicroCap Fund and Vanguard Extended Market Index Fund . Data provided on Sep 30, 2024 indicates that North Square Inv Tr-North Square Kennedy MicroCap Fund owns about 26.33 shares. This amounts to just over 0.33 percent of the company’s overall shares, with a $0.24 million market value. The same data shows that the other fund manager holds slightly less at 11.43, or about 0.14% of the stock, which is worth about $0.1 million.