On Friday, Mind Medicine Inc (NASDAQ: MNMD) opened higher 6.63% from the last session, before settling in for the closing price of $7.09. Price fluctuations for MNMD have ranged from $2.69 to $12.22 over the past 52 weeks.
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Company’s average yearly earnings per share was noted 40.94% at the time writing. With a float of $27.25 million, this company’s outstanding shares have now reached $41.10 million.
Let’s look at the performance matrix of the company that is accounted for 57 employees. In terms of profitability, gross margin is 72.78%, operating margin of -1935.9%, and the pretax margin is -2021.54%.
Mind Medicine Inc (MNMD) Insider and Institutional Ownership
A key investor’s attitude towards the stock of the Biotechnology industry is another important factor to consider. The most recent insider transaction that took place on Sep 25 ’24, was worth 26,487. Before that another transaction happened on Sep 25 ’24, when Company’s Chief Accounting Officer sold 2,352 for $5.98, making the entire transaction worth $14,065. This insider now owns 99,543 shares in total.
Mind Medicine Inc (MNMD) Latest Financial update
If we go through the results of last quarter, which was made public on 9/30/2024, the company posted -0.59 earnings per share (EPS) for the quarter, coming under the agreed prediction (set at -0.48) by -0.11. Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.33 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 40.94% per share during the next fiscal year.
Mind Medicine Inc (NASDAQ: MNMD) Trading Performance Indicators
Check out the current performance indicators for Mind Medicine Inc (MNMD). In the past quarter, the stock posted a quick ratio of 9.00.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -2.09, a number that is poised to hit -0.31 in the next quarter and is forecasted to reach -1.42 in one year’s time.
Technical Analysis of Mind Medicine Inc (MNMD)
Mind Medicine Inc (NASDAQ: MNMD) saw its 5-day average volume 1.56 million, a positive change from its year-to-date volume of 1.45 million. As of the previous 9 days, the stock’s Stochastic %D was 21.90%. Additionally, its Average True Range was 0.70.
During the past 100 days, Mind Medicine Inc’s (MNMD) raw stochastic average was set at 52.46%, which indicates a significant increase from 41.28% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 117.93% in the past 14 days, which was higher than the 75.51% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $6.44, while its 200-day Moving Average is $7.47. Nevertheless, the first resistance level for the watch stands at $7.80 in the near term. At $8.03, the stock is likely to face the second major resistance level. The third major resistance level sits at $8.41. If the price goes on to break the first support level at $7.19, it is likely to go to the next support level at $6.81. The third support level lies at $6.58 if the price breaches the second support level.
Mind Medicine Inc (NASDAQ: MNMD) Key Stats
There are currently 73,332K shares outstanding in the company with a market cap of 591.14 million. Presently, the company’s annual sales total 0 K according to its annual income of -95,730 K. Last quarter, the company’s sales amounted to 0 K and its income totaled -13,680 K.
