Mind Medicine Inc (NASDAQ: MNMD) is 94.26% higher on its value in year-to-date trading and has touched a low of $2.92 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 $7.48 in the last trading session, with the day’s loss setting it -0.37%.
Currently trading at $7.11, the stock is -9.01% and 5.95% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.02 million and changing -4.95% at the moment leaves the stock -6.38% off its SMA200. MNMD registered 103.72% gain for a year compared to 6-month loss of -1.46%. The firm has a 50-day simple moving average (SMA 50) of $6.6879 and a 200-day simple moving average (SMA200) of $7.582125.
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The stock witnessed a 15.61% gain in the last 1 month and extending the period to 3 months gives it a 19.60%, and is -13.92% down 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 8.09% over the week and 10.61% over the month.
Mind Medicine Inc (MNMD) has around 57 employees, a market worth around $521.39M and $0.00M in sales. Distance from 52-week low is 143.49% and -41.82% from its 52-week high. The company has generated returns on investments over the last 12 months (-34.14%).
The EPS is expected to grow by 40.94% this year
215.0 institutions hold shares in Mind Medicine Inc (MNMD), with institutional investors hold 68.92% of the company’s shares. The shares outstanding are 81.59M, and float is at 27.25M with Short Float at 36.90%. Institutions hold 68.14% of the Float.
Mind Medicine Inc (MNMD) Insider Activity
The most recent transaction is an insider purchase by GRYSKA DAVID W, the company’s Director. SEC filings show that GRYSKA DAVID W bought 2,500 shares of the company’s common stock on Dec 05 ’24 at a price of $7.17 per share for a total of $17925.0. Following the purchase, the insider now owns 19851.0 shares.
Still, SEC filings show that on Sep 25 ’24, Liao Carrie (Chief Accounting Officer) disposed off 2,352 shares at an average price of $5.98 for $14065.0. The insider now directly holds 99,543 shares of Mind Medicine Inc (MNMD).
