Mira Pharmaceuticals Inc (MIRA) 20 Days SMA touches -22.42%: The odds favor the bear

A new trading day began on Monday, with Mira Pharmaceuticals Inc (NASDAQ: MIRA) stock price down -5.81% from the previous day of trading, before settling in for the closing price of $1.55. MIRA’s price has ranged from $0.51 to $6.48 over the past 52 weeks.

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Meanwhile, its annual earnings per share averaged 15.62%. With a float of $9.96 million, this company’s outstanding shares have now reached $14.78 million.

The firm has a total of 3 workers. Let’s measure their productivity. In terms of profitability, gross margin is 0.0%, operating margin of 0.0%, and the pretax margin is 0.0%.

Mira Pharmaceuticals Inc (MIRA) Insider Activity

As we move forward, let’s examine how large-scale investors are investing in this stock of the Drug Manufacturers – General Industry. The insider ownership of Mira Pharmaceuticals Inc is 32.64%, while institutional ownership is 4.82%. The most recent insider transaction that took place on Sep 04 ’24, was worth 18,000. Before that another transaction happened on Aug 28 ’24, when Company’s 10% Owner sold 200,000 for $1.96, making the entire transaction worth $392,000. This insider now owns 2,540,270 shares in total.

Mira Pharmaceuticals Inc (MIRA) Earnings and Forecasts

Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.16 per share during the current fiscal year.

According to the Wall Street analysts, stocks earnings will be around 15.62% per share during the next fiscal year.

Mira Pharmaceuticals Inc (NASDAQ: MIRA) Trading Performance Indicators

Here are Mira Pharmaceuticals Inc’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 3.68.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.84, a number that is poised to hit -0.15 in the next quarter and is forecasted to reach -0.57 in one year’s time.

Technical Analysis of Mira Pharmaceuticals Inc (MIRA)

Analysing the last 5-days average volume posted by the [Mira Pharmaceuticals Inc, MIRA], we can find that recorded value of 0.51 million was lower than the volume posted last year of 2.34 million. As of the previous 9 days, the stock’s Stochastic %D was 2.96%. Additionally, its Average True Range was 0.28.

During the past 100 days, Mira Pharmaceuticals Inc’s (MIRA) raw stochastic average was set at 21.11%, which indicates a significant increase from 1.59% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 114.76% in the past 14 days, which was lower than the 351.87% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $1.6887, while its 200-day Moving Average is $1.2989. Now, the first resistance to watch is $1.5533. This is followed by the second major resistance level at $1.6467. The third major resistance level sits at $1.7033. If the price goes on to break the first support level at $1.4033, it is likely to go to the next support level at $1.3467. Should the price break the second support level, the third support level stands at $1.2533.

Mira Pharmaceuticals Inc (NASDAQ: MIRA) Key Stats

With a market capitalization of 21.58 million, the company has a total of 14,781K Shares Outstanding. Currently, annual sales are 0 K while annual income is -11,980 K. The company’s previous quarter sales were 0 K while its latest quarter income was -1,690 K.