In terms of market performance, Mind Medicine Inc had a somewhat regular. The highest value for the stock in the past year was $12.22 on 04/04/24, while the lowest value was $2.91 on 11/28/23.
52-week price history of MNMD Stock
A stock’s 52-week high and low prices can reveal a great deal about its present condition and potential future performance. Mind Medicine Inc’s current trading price is -33.63% away from its 52-week high, while its distance from the 52-week low is 178.69%. The stock’s price range during this period has fluctuated between $2.91 and $12.22. Shares of the company, which operates in the Healthcare sector, recorded a trading volume of around 1.91 million for the day, which was evidently higher than the average daily volume of 1.08 million over the last three months.
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Financial Performance and Market Capitalization
Mind Medicine Inc (MNMD) has experienced a quarterly rise of 38.28% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 594.72M and boasts a workforce of 57 employees.
Moving average and trading volume data
Based on Barchart.com data, the company’s moving average over the 100-day period was 6.81, with a change in price of +1.28. Similarly, Mind Medicine Inc recorded 1,068,022 in trading volume during the last 100 days, posting a change of +18.74%.
MNMD Debt-to-equity ratio analysis
The debt-to-equity (D/E) ratio is a valuable metric that offers insight into a company’s financial health and standing in the market. This ratio is calculated by dividing a company’s current total liabilities by its shareholders’ equity. The D/E ratio illustrates the extent of debt a company is utilizing to support its assets in relation to the value of its shareholders’ equity. At the time of writing, the total D/E ratio for MNMD stands at 0.09. Similarly, the long-term debt-to-equity ratio is also 0.09.
MNMD Stock Stochastic Average
Mind Medicine Inc’s raw stochastic average for the past 50 days is currently at 63.88%. This represents a surge from the raw stochastic average of the last 20 days, which was recorded at 56.28%. Additionally, the company’s Stochastic %K and %D values for the past 20 days were 47.49% and 41.54%, respectively.
MNMD Stock Price Performance Analysis
Depending on how one views it, the stock price performance for the year has been a mixed bag, resulting in either an optimistic or pessimistic outlook. The metric has seen a significant gain of 121.58% since the start of this calendar year. Looking back over the last six months, we can see a stronger performance of -8.98%. Over the past 30 days, the price of MNMD has fallen by 21.95%. And in the last five days, it has surged by 12.64%.
