Look Past The Setbacks And Give Mainz Biomed N.V. (NASDAQ: MYNZ) Another Chance

Mainz Biomed N.V. (NASDAQ:MYNZ) currently has a daily average trading volume of 835.44K but it saw 1208463 shares traded in last market. With a market cap of 7.20M USD, the company’s current market price of $0.33 came falling about -8.74 while comparing to the previous closing price of $0.36. In past 52 weeks, the stock remained buoying in the range of price level as high as $4.38 and as low as $0.31. In the recent trading on the day, stock has struck highest price mark of $0.311 while lowest mark touched by it was $0.376.

Taking a look at 20-day trading activity of Mainz Biomed N.V. (MYNZ) gives us an average price of $0.3787, while its current price level is -92.49% below from 52-week high level whereas it is 7.52% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $0.4908 while that of 200 days or SMA-200 reads an average of $0.9710. A closer look into the stock’s movement over the week reveals that its volatility is standing at 18.64% during that period while stretching the period over a month that decreases to 16.94%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 42.18 which implies that the stock is in neutral territory.

Over the week, MYNZ’s stock price is moving -19.76% down while it is -18.89% when we observe its performance for the past one month. Year-to-date it is -71.64% down and over the past year, the stock is showing a downside performance of -91.04%.

Currently, Mainz Biomed N.V.’s total number of outstanding shares is 21.17M. Company’s return on investment (ROI) stands at -595.61%. Stock’s beta reads 0.26. Stock has a price to book (P/B) ratio of 2.14 while price to sale or P/S ratio amounts to 8.00.