On Tuesday, Mind Medicine Inc (NASDAQ: MNMD) opened lower -5.90% from the last session, before settling in for the closing price of $7.63. Price fluctuations for MNMD have ranged from $4.54 to $12.22 over the past 52 weeks.
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Company’s average yearly earnings per share was noted 41.32% at the time writing. With a float of $27.41 million, this company’s outstanding shares have now reached $81.59 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 Updates
A key investor’s attitude towards the stock of the Biotechnology industry is another important factor to consider. The insider ownership of Mind Medicine Inc is 2.67%, while institutional ownership is 146.46%. The most recent insider transaction that took place on Dec 26 ’24, was worth 141,958. In this transaction Chief Executive Officer of this company sold 19,106 shares at a rate of $7.43, taking the stock ownership to the 526,666 shares. Before that another transaction happened on Dec 26 ’24, when Company’s Chief Accounting Officer sold 2,273 for $7.43, making the entire transaction worth $16,888. This insider now owns 97,270 shares in total.
Mind Medicine Inc (MNMD) Performance Highlights and Predictions
Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.34 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 41.32% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 14.93% during the next five years compared to 2.29% growth over the previous five years of trading.
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 -0.29 in the next quarter and is forecasted to reach -1.49 in one year’s time.
Technical Analysis of Mind Medicine Inc (MNMD)
Mind Medicine Inc (NASDAQ: MNMD) saw its 5-day average volume 3.07 million, a positive change from its year-to-date volume of 2.45 million. As of the previous 9 days, the stock’s Stochastic %D was 6.68%. Additionally, its Average True Range was 0.86.
During the past 100 days, Mind Medicine Inc’s (MNMD) raw stochastic average was set at 39.74%, which indicates a significant increase from 5.79% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 126.12% in the past 14 days, which was higher than the 89.20% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $7.49, while its 200-day Moving Average is $7.26. Nevertheless, the first resistance level for the watch stands at $7.59 in the near term. At $8.00, the stock is likely to face the second major resistance level. The third major resistance level sits at $8.30. If the price goes on to break the first support level at $6.88, it is likely to go to the next support level at $6.57. Assuming the price breaks the second support level, the third support level stands at $6.16.
Mind Medicine Inc (NASDAQ: MNMD) Key Stats
There are currently 73,332K shares outstanding in the company with a market cap of 526.52 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.
