On Monday Medicinova Inc (NASDAQ: MNOV) opened lower -9.64% from the last session, before settling in for the closing price of $1.66. Price fluctuations for MNOV have ranged from $1.13 to $2.55 over the past 52 weeks.
Healthcare Sector giant saw their annual sales surged by 5.56% over the last five years. Company’s average yearly earnings per share was noted -116.39% at the time writing. With a float of $46.48 million, this company’s outstanding shares have now reached $49.05 million.
The firm has a total of 13 workers. Let’s measure their productivity.
Medicinova Inc (MNOV) Insider Activity
A key investor’s attitude towards the stock of the Biotechnology industry is another important factor to consider. The insider ownership of Medicinova Inc is 5.24%, while institutional ownership is 19.51%.
Medicinova Inc (MNOV) Earnings and Forecasts
If we go through the results of last quarter, which was made public on 9/30/2024, the company posted -0.06 earnings per share (EPS) for the quarter, besting the agreed prediction (set at -0.06) by 0. Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.12 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -116.39% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will plunge by -20.11% during the next five years compared to 5.56% growth over the previous five years of trading.
Medicinova Inc (NASDAQ: MNOV) Trading Performance Indicators
Check out the current performance indicators for Medicinova Inc (MNOV). In the past quarter, the stock posted a quick ratio of 13.26. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 565.92.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.24, a number that is poised to hit -0.12 in the next quarter and is forecasted to reach -0.38 in one year’s time.
Technical Analysis of Medicinova Inc (MNOV)
Analysing the last 5-days average volume posted by the [Medicinova Inc, MNOV], we can find that recorded value of 11.19 million was better than the volume posted last year of 0.29 million. As of the previous 9 days, the stock’s Stochastic %D was 46.51%.
During the past 100 days, Medicinova Inc’s (MNOV) raw stochastic average was set at 41.92%, which indicates a significant increase from 41.92% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 0.0883 in the past 14 days, which was higher than the 0.0536 volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $1.2709, while its 200-day Moving Average is $1.4292. Now, the first resistance to watch is $1.6300. This is followed by the second major resistance level at $1.7600. The third major resistance level sits at $1.8300. If the price goes on to break the first support level at $1.4300, it is likely to go to the next support level at $1.3600. Should the price break the second support level, the third support level stands at $1.2300.
Medicinova Inc (NASDAQ: MNOV) Key Stats
There are currently 49,050K shares outstanding in the company with a market cap of 73.57 million. Presently, the company’s annual sales total 0 K according to its annual income of -11,040 K. Last quarter, the company’s sales amounted to 130 K and its income totaled -3,280 K.
