Mira Pharmaceuticals Inc (MIRA) recent quarterly performance of 196.59% is not showing the real picture

Mira Pharmaceuticals Inc (NASDAQ: MIRA) started the day on Thursday, with a price increase of 15.71% at $2.43, before settling in for the price of $2.10 at the close. Taking a more long-term approach, MIRA posted a 52-week range of $0.51-$7.98.

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The company of the Healthcare sector’s yearbook sales growth during the past 5- year span was recorded 0.00%. Nevertheless, stock’s Earnings Per Share (EPS) this year is 19.53%. This publicly-traded company’s shares outstanding now amounts to $14.78 million, simultaneously with a float of $9.75 million. The organization now has a market capitalization sitting at $35.92 million. At the time of writing, stock’s 50-day Moving Average stood at $1.10, while the 200-day Moving Average is $1.35.

Mira Pharmaceuticals Inc (MIRA) Ownership Facts and Figures

Now let’s turn our focus to how large-scale investors are working with this stock of the Drug Manufacturers – General Industry. Mira Pharmaceuticals Inc’s current insider ownership accounts for 34.05%, in contrast to 4.34% institutional ownership. According to the most recent insider trade that took place on May 21 ’24, this organization’s Chief Executive Officer bought 8,700 shares at the rate of 0.94, making the entire transaction reach 8,176 in total value, affecting insider ownership by 382,200. Preceding that transaction, on Dec 11 ’23, Company’s 10% Owner sold 46,005 for 1.55, making the whole transaction’s value amount to 71,496. This particular insider is now the holder of 660,000 in total.

Mira Pharmaceuticals Inc (MIRA) Earnings and Revenue Records

Mira Pharmaceuticals Inc’s EPS increase for this current 12-month fiscal period is 19.53% and is forecasted to reach -0.39 in the upcoming year.

Mira Pharmaceuticals Inc (NASDAQ: MIRA) Trading Performance Indicators

Let’s observe the current performance indicators for Mira Pharmaceuticals Inc (MIRA). It’s Quick Ratio in the last reported quarter now stands at 5.70. The Stock has managed to achieve an average true range (ATR) of 0.63.

In the same vein, MIRA’s Diluted EPS (Earnings per Share) trailing twelve months is recorded -0.81, a figure that is expected to reach -0.09 in the next quarter, and analysts are predicting that it will be -0.39 at the market close of one year from today.

Technical Analysis of Mira Pharmaceuticals Inc (MIRA)

If we take a close look at the recent performances of Mira Pharmaceuticals Inc (NASDAQ: MIRA), its last 5-days Average volume was 3.5 million that shows progress from its year to date volume of 2.35 million. During the previous 9 days, stock’s Stochastic %D was recorded 34.15% While, its Average True Range was 0.76.

Raw Stochastic average of Mira Pharmaceuticals Inc (MIRA) in the period of the previous 100 days is set at 42.67%, which indicates a major rise in contrast to 41.28% during the last 2-weeks. If we go through the volatility metrics of the stock, In the past 14-days, Company’s historic volatility was 894.25% that was higher than 353.73% volatility it exhibited in the past 100-days period.