Can Mira Pharmaceuticals Inc’s (MIRA) hike of 10.60% in a week be considered a lucky break?

Shaun Noe

On Monday, Mira Pharmaceuticals Inc (NASDAQ: MIRA) opened higher 11.33% from the last session, before settling in for the closing price of $1.5. Price fluctuations for MIRA have ranged from $0.73 to $2.56 over the past 52 weeks.

Annual sales at Healthcare sector company slipped by -224.25% over the past five years. Company’s average yearly earnings per share was noted 42.86% at the time writing. With a float of $11.15 million, this company’s outstanding shares have now reached $17.39 million.

Mira Pharmaceuticals Inc (MIRA) Insider and Institutional Ownership

A key investor’s attitude towards the stock of the Drug Manufacturers – General industry is another important factor to consider. The insider ownership of Mira Pharmaceuticals Inc is 41.55%, while institutional ownership is 5.40%. The most recent insider transaction that took place on Nov 19 ’24, was worth 77,020. In this transaction Chief Executive Officer of this company sold 55,410 shares at a rate of $1.39, taking the stock ownership to the 1,105,790 shares. Before that another transaction happened on Nov 20 ’24, when Company’s Chief Executive Officer sold 44,590 for $1.27, making the entire transaction worth $56,629. This insider now owns 1,061,200 shares in total.

Mira Pharmaceuticals Inc (MIRA) Latest Financial update

If we go through the results of last quarter, which was made public on 9/30/2024, the company posted -0.14 earnings per share (EPS) for the quarter, besting the agreed prediction (set at -0.15) by 0.01. Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.05 per share during the current fiscal year.

According to the Wall Street analysts, stocks earnings will be around 42.86% per share during the next fiscal year.

Mira Pharmaceuticals Inc (NASDAQ: MIRA) Trading Performance Indicators

Check out the current performance indicators for Mira Pharmaceuticals Inc (MIRA). In the past quarter, the stock posted a quick ratio of 2.79.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.48, a number that is poised to hit -0.08 in the next quarter and is forecasted to reach 0.22 in one year’s time.

Technical Analysis of Mira Pharmaceuticals Inc (MIRA)

Mira Pharmaceuticals Inc (NASDAQ: MIRA) saw its 5-day average volume 1.16 million, a negative change from its year-to-date volume of 1.8 million. As of the previous 9 days, the stock’s Stochastic %D was 26.00%.

During the past 100 days, Mira Pharmaceuticals Inc’s (MIRA) raw stochastic average was set at 43.48%, which indicates a significant increase from 35.00% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 0.1759 in the past 14 days, which was higher than the 0.1101 volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $1.3981, while its 200-day Moving Average is $1.2667. Nevertheless, the first resistance level for the watch stands at $1.7333 in the near term. At $1.7965, the stock is likely to face the second major resistance level. The third major resistance level sits at $1.9131. If the price goes on to break the first support level at $1.5535, it is likely to go to the next support level at $1.4369. The third support level lies at $1.3737 if the price breaches the second support level.

Mira Pharmaceuticals Inc (NASDAQ: MIRA) Key Stats

There are currently 19,069K shares outstanding in the company with a market cap of 31.85 million. Presently, the company’s annual sales total 0 K according to its annual income of -7,850 K. Last quarter, the company’s sales amounted to 0 K and its income totaled -1,540 K.

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