Mira Pharmaceuticals Inc (NASDAQ:MIRA) does about 4.78M shares in volume on a normal day but saw 3319225 shares change hands in the recent trading day. The company now has a market cap of 32.07M USD. Its current market price is $2.17, marking a decrease of -10.70% compared to the previous close of $2.43. The 52 week high reached by this stock is $7.98 whilst the lowest price level in 52 weeks is $0.51.
Mira Pharmaceuticals Inc (MIRA) has a 20-day trading average at $1.68 and the current price is -72.81% off the 52-week high compared with 325.49% distance from its 52-week low. The 50-day simple moving average of the closing price is $1.12 and its 200-day simple moving average is $1.35. If we look at the stock’s price movements over the week, volatility stands at 26.90%, which increases to 38.95% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 54.57 to suggest the stock is neutral.
The consensus objective for the share price is $13.25, suggesting that the stock has a potential upside of 83.62% over the period.
Mira Pharmaceuticals Inc (MIRA) stock is down -19.93% over the week and 277.39% over the past month. Its price is 106.67% year-to-date.
The stock last released its quarterly earnings report for quarter ended 3/31/2024, with the company’s earnings per share (EPS) of -0.26 below consensus estimates by -0.18. The company’s next earnings report forecasts estimating quarterly EPS at -0.09 and -0.51 for whole year.
To reach the target analysts have set, the stock logically needs to grow 83.62 percent from here.
Outstanding shares total 14.78M with insiders holding 27.21% of the shares and institutional holders owning 4.54% of the company’s common stock. The company has a return on investment of -391.51% and return on equity of -1807.80%. The beta has a value of 3.98. Price to book ratio is 10.16.
