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Who are the Institutional Holders in Mind Medicine Inc (MNMD)?

Mind Medicine Inc (NASDAQ: MNMD) is 125.68% higher on its value in year-to-date trading and has touched a low of $2.91 and a high of $12.22 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 MNMD stock was last observed hovering at around $8.11 in the last trading session, with the day’s gains setting it 0.15%.

Currently trading at $8.26, the stock is 10.65% and 26.17% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.09 million and changing 1.85% at the moment leaves the stock 9.83% off its SMA200. MNMD registered 169.93% gain for a year compared to 6-month loss of -6.24%. The firm has a 50-day simple moving average (SMA 50) of $6.5467 and a 200-day simple moving average (SMA200) of $7.520525.

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The stock witnessed a 28.06% gain in the last 1 month and extending the period to 3 months gives it a 37.44%, and is 9.84% 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 8.35% over the week and 9.87% over the month.

Mind Medicine Inc (MNMD) has around 57 employees, a market worth around $616.92M and $0.00M in sales. Distance from 52-week low is 183.85% and -32.41% from its 52-week high. The company has generated returns on investments over the last 12 months (-34.14%).

Mind Medicine Inc quarterly earnings per share for the current quarter are estimated at -0.3.The EPS is expected to grow by 40.94% this year, but quarterly earnings will post 0.00% year-over-year. Quarterly sales are estimated to shrink 0.00% in year-over-year returns.

213.0 institutions hold shares in Mind Medicine Inc (MNMD), with institutional investors hold 68.90% of the company’s shares. The shares outstanding are 41.10M, and float is at 27.25M with Short Float at 36.90%. Institutions hold 68.12% of the Float.

Mind Medicine Inc (MNMD) Insider Activity

Mind Medicine Inc disclosed in a document filed with the SEC on Sep 25 ’24 that Liao Carrie (Chief Accounting Officer) sold a total of 2,352 shares of the company’s common stock. The trade occurred on Sep 25 ’24 and was made at $5.98 per share for $14065.0. Following the transaction, the insider now directly holds 99543.0 shares of the MNMD stock.

Still, SEC filings show that on Sep 25 ’24, Barrow Robert (Chief Executive Officer) disposed off 19,771 shares at an average price of $5.98 for $0.12 million. The insider now directly holds 545,772 shares of Mind Medicine Inc (MNMD).

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