-21.44% percent quarterly performance for ProMIS Neurosciences Inc (PMN) is not indicative of the underlying story

Steve Mayer

ProMIS Neurosciences Inc (NASDAQ: PMN) on Friday, soared 10.01% from the previous trading day, before settling in for the closing price of $0.38. Within the past 52 weeks, PMN’s price has moved between $0.35 and $1.59.

The company achieved an average annual earnings per share of -933.33%. With a float of $20.96 million, this company’s outstanding shares have now reached $53.81 million.

ProMIS Neurosciences Inc (PMN) Insider Activity

Observing investor behavior towards Biotechnology industry stocks is more important than anything else. The insider ownership of ProMIS Neurosciences Inc is 35.89%, while institutional ownership is 12.17%. The most recent insider transaction that took place on Oct 03 ’25, was worth 14,929. In this transaction Principal Accounting Officer of this company bought 30,392 shares at a rate of $0.49, taking the stock ownership to the 45,389 shares. Before that another transaction happened on Feb 10 ’25, when Company’s Chief Scientific Officer bought 15,000 for $0.97, making the entire transaction worth $14,595. This insider now owns 16,617 shares in total.

ProMIS Neurosciences Inc (PMN) Earnings and Forecasts

As on 12/31/2024, Multinational firm has announced its last quarter scores, in which it reported -0.03 earnings per share (EPS) for the period topping the consensus outlook (set at -0.2) by 0.17. Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.22 per share during the current fiscal year.

ProMIS Neurosciences Inc (NASDAQ: PMN) Trading Performance Indicators

ProMIS Neurosciences Inc (PMN) is currently performing well based on its current performance indicators. A quick ratio of 1.76 was reported for the most recent quarter.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.75, a number that is poised to hit -0.19 in the next quarter and is forecasted to reach -0.52 in one year’s time.

Technical Analysis of ProMIS Neurosciences Inc (PMN)

Looking closely at ProMIS Neurosciences Inc (NASDAQ: PMN), its last 5-days average volume was 0.86 million, which is a drop from its year-to-date volume of 2.41 million. As of the previous 9 days, the stock’s Stochastic %D was 55.15%.

During the past 100 days, ProMIS Neurosciences Inc’s (PMN) raw stochastic average was set at 5.65%, which indicates a significant decrease from 69.31% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 0.0393 in the past 14 days, which was lower than the 0.0682 volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $0.4351, while its 200-day Moving Average is $0.5700. However, in the short run, ProMIS Neurosciences Inc’s stock first resistance to watch stands at $0.4500. Second resistance stands at $0.4800. The third major resistance level sits at $0.5100. If the price goes on to break the first support level at $0.3900, it is likely to go to the next support level at $0.3600. Should the price break the second support level, the third support level stands at $0.3300.

ProMIS Neurosciences Inc (NASDAQ: PMN) Key Stats

Market capitalization of the company is 22.60 million based on 53,811K outstanding shares. Right now, sales total 0 K and income totals 2,780 K. The company made 0 K in profit during its latest quarter, and -11,580 K in sales during its previous quarter.

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