With 14.78M Outstanding Shares, Can Mira Pharmaceuticals Inc (NASDAQ: MIRA) Deliver Big Short-Term Gains?

Mira Pharmaceuticals Inc (NASDAQ:MIRA) currently has a daily average trading volume of 5.69M but it saw 1108613 shares traded in last market. With a market cap of 17.29M USD, the company’s current market price of $1.17 came falling about -10.69 while comparing to the previous closing price of $1.31. In past 52 weeks, the stock remained buoying in the range of price level as high as $6.48 and as low as $0.51. In the recent trading on the day, stock has struck highest price mark of $1.17 while lowest mark touched by it was $1.315.

Taking a look at 20-day trading activity of Mira Pharmaceuticals Inc (MIRA) gives us an average price of $1.6265, while its current price level is -81.94% below from 52-week high level whereas it is 129.41% 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 $1.7888 while that of 200 days or SMA-200 reads an average of $1.2189. A closer look into the stock’s movement over the week reveals that its volatility is standing at 9.13% during that period while stretching the period over a month that increases to 11.65%. 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 36.84 which implies that the stock is in neutral territory.

Over the week, MIRA’s stock price is moving -17.02% down while it is -34.27% when we observe its performance for the past one month. Year-to-date it is 11.43% up and over the past year, the stock is showing a downside performance of -73.41%.

Currently, Mira Pharmaceuticals Inc’s total number of outstanding shares is 14.78M. Company’s return on investment (ROI) stands at -576.14% and return on equity (ROE) at -748.59%. Stock’s beta reads 4.61. Stock has a price to book (P/B) ratio of 7.79. Its return on asset (ROA) is -373.77% on average.