The Week Ahead: Are Investors Really Too Optimistic About InMed Pharmaceuticals Inc (NASDAQ: INM)

InMed Pharmaceuticals Inc (NASDAQ:INM) currently has a daily average trading volume of 7.26M but it saw 636792 shares traded in last market. With a market cap of 0.93M USD, the company’s current market price of $0.28 came rising about 8.16 while comparing to the previous closing price of $0.26. In past 52 weeks, the stock remained buoying in the range of price level as high as $2.08 and as low as $0.12. In the recent trading on the day, stock has struck highest price mark of $0.252 while lowest mark touched by it was $0.279.

Taking a look at 20-day trading activity of InMed Pharmaceuticals Inc (INM) gives us an average price of $0.3191, while its current price level is -86.62% below from 52-week high level whereas it is 130.57% 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 $0.2573 while that of 200 days or SMA-200 reads an average of $0.3119. A closer look into the stock’s movement over the week reveals that its volatility is standing at 7.54% during that period while stretching the period over a month that increases to 19.68%. 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 50.25 which implies that the stock is in neutral territory.

Over the week, INM’s stock price is moving -4.03% down while it is 88.04% when we observe its performance for the past one month. Year-to-date it is -33.10% down and over the past year, the stock is showing a downside performance of -67.53%.

Currently, InMed Pharmaceuticals Inc’s total number of outstanding shares is 3.33M. Company’s return on investment (ROI) stands at -51.36% and return on equity (ROE) at -51.73%. Stock’s beta reads 0.77. Stock has a price to book (P/B) ratio of 0.16 while price to sale or P/S ratio amounts to 0.16. Its return on asset (ROA) is -43.26% on average.