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Mira Pharmaceuticals Inc (MIRA) Is Now En Route to Higher Prices

Mira Pharmaceuticals Inc (NASDAQ: MIRA) is 64.76% higher on its value in year-to-date trading and has touched a low of $0.51 and a high of $6.40 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The MIRA stock was last observed hovering at around $1.57 in the last trading session, with the day’s gains setting it 0.16%.

Currently trading at $1.73, the stock is 48.50% and 27.13% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 4.93 million and changing 10.19% at the moment leaves the stock 47.47% off its SMA200. MIRA registered -24.45% loss for a year compared to 6-month gain of 103.55%. The firm has a 50-day simple moving average (SMA 50) of $1.3608 and a 200-day simple moving average (SMA200) of $1.173135.

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The stock witnessed a 33.08% loss in the last 1 month and extending the period to 3 months gives it a -17.62%, and is 64.76% 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 20.80% over the week and 10.48% over the month.

Mira Pharmaceuticals Inc (MIRA) has around 3 employees, a market worth around $25.57M and $0.00M in sales. Distance from 52-week low is 239.22% and -72.97% from its 52-week high. The company has generated returns on investments over the last 12 months (-576.14%).

The EPS is expected to grow by 21.88% this year.

Mira Pharmaceuticals Inc (MIRA) Top Institutional Holders

14.0 institutions hold shares in Mira Pharmaceuticals Inc (MIRA), with institutional investors hold 6.91% of the company’s shares. The shares outstanding are 14.78M, and float is at 9.96M with Short Float at 3.44%. Institutions hold 5.03% of the Float.

Mira Pharmaceuticals Inc (MIRA) Insider Activity

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Mira Pharmaceuticals Inc disclosed in a document filed with the SEC on Aug 28 ’24 that McNulty Brian Patrick (10% Owner) sold a total of 200,000 shares of the company’s common stock. The trade occurred on Aug 28 ’24 and was made at $1.96 per share for $0.39 million. Following the transaction, the insider now directly holds 2.54 million shares of the MIRA stock.

Still, SEC filings show that on May 21 ’24, Aminov Erez (Chief Executive Officer) acquired 8,700 shares at an average price of $0.94 for $8176.0. The insider now directly holds 382,200 shares of Mira Pharmaceuticals Inc (MIRA).

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