Mind Medicine Inc (NASDAQ:MNMD) price closed higher on Monday, April 15, jumping 1.14% above its previous close.
A look at the daily price movement shows that the last close reads $9.67. Taking into account the 52-week price action we note that the stock hit a 52-week high of $12.22 and 52-week low of $2.41. The stock added 20.15% on its value in the past month.
Mind Medicine Inc, which has a market valuation of $275.40 million. Analysts tracking MNMD have forecast the quarterly EPS to shrink by -0.42 per share this quarter, while the same analysts predict the annual EPS to hit -$1.55 for the year 2024 and up to -$1.47 for 2025. In this case, analysts estimate an annual EPS growth of 36.50% for the year and 5.20% for the next year.
On average, analysts have forecast the company’s revenue for the quarter will hit -$, with the likely lows of -$ and highs of -$. Staying with the analyst view, there is a consensus estimate of -$ for the company’s annual revenue in 2024.
Revisions to the company’s EPS highlights a short term direction of a stock’s price movement, which in the last 7 days came up with — upward and — downward reviews. On the technical perspective front, indicators give MNMD a short term outlook of 50% Buy on average. Looking at the stock’s medium term indicators we note that it is averaging as a 100% Buy, while an average of long term indicators are currently assigning the stock as 100% Buy.
The overview shows that MNMD’s price is at present -3.24% off the SMA20 and 31.67% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 53.15, with weekly volatility standing at 10.61%. The indicator jumps to 11.01% when calculated based on the past 30 days. Mind Medicine Inc (NASDAQ:MNMD)’s beta value is holding at -6.88, while the average true range (ATR) indicator is currently reading 1.02.
An analysis of the Mind Medicine Inc (NASDAQ:MNMD) stock in terms of its daily trading volume indicates that the 3-month average is 2.19 million.
Current records show that the company has 41.10M in outstanding shares. The insiders’ percentage holdings are 4.34% of outstanding shares while the percentage share held by institutions stands at 61.39%. But the 167.21% upside, the stock’s price has registered year-to-date as of last trading, will likely reignite investor interest given the prospect of it rallying even higher.
