Mainz Biomed N.V. (MYNZ) Is Now En Route to Higher Prices

Mainz Biomed N.V. (NASDAQ: MYNZ) is -78.53% lower on its value in year-to-date trading and has touched a low of $0.19 and a high of $3.39 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The MYNZ stock was last observed hovering at around $0.25 in the last trading session, with the day’s loss setting it 0.0%.

Currently trading at $0.25, the stock is -14.25% and -24.76% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.57 million and changing 0.81% at the moment leaves the stock -66.05% off its SMA200. MYNZ registered -91.89% loss for a year compared to 6-month loss of -75.59%. The firm has a 50-day simple moving average (SMA 50) of $0.329 and a 200-day simple moving average (SMA200) of $0.729155.

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The stock witnessed a -31.31% gain in the last 1 month and extending the period to 3 months gives it a -27.87%, and is 24.38% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 12.70% over the week and 14.85% over the month.

Profit margin for the company is -2936.50%. Distance from 52-week low is 34.45% and -92.66% from its 52-week high. The company has generated returns on investments over the last 12 months (-595.61%).

with sales reaching $220k over the same period., but quarterly earnings will post 34.10% year-over-year. Quarterly sales are estimated to shrink -12.00% in year-over-year returns.

Mainz Biomed N.V. (MYNZ) Top Institutional Holders

The shares outstanding are 21.17M, and float is at 17.15M with Short Float at 4.20%.

The top institutional shareholder in the company is NORTHERN TRUST CORP with over 29934.0 shares valued at $12004.0. The investor’s holdings represent 0.1414% of the MYNZ Shares outstanding. As of 2024-06-30, the second largest holder is VONTOBEL HOLDING LTD. with 25000.0 shares valued at $10025.0 to account for 0.1181 of the shares outstanding. The other top investors are GEODE CAPITAL MANAGEMENT, LLC which holds 15189.0 shares representing 0.0718% and valued at over $6090.0, while XTX TOPCO LTD holds 0.0537 of the shares totaling 11358.0 with a market value of $4555.0.