MIND Technology Inc (NASDAQ:MIND) does about 162.79K shares in volume on a normal day but saw 900408 shares change hands in the recent trading day. The company now has a market cap of 57.22M USD. Its current market price is $7.18, marking an increase of 13.97% compared to the previous close of $6.30. The 52 week high reached by this stock is $6.98 whilst the lowest price level in 52 weeks is $3.05.
MIND Technology Inc (MIND) has a 20-day trading average at $4.51 and the current price is 2.87% off the 52-week high compared with 135.41% distance from its 52-week low. The 50-day simple moving average of the closing price is $4.01 and its 200-day simple moving average is $4.37. If we look at the stock’s price movements over the week, volatility stands at 17.24%, which decreases to 6.39% 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 91.22 to suggest the stock is overbought.
The consensus objective for the share price is $8.00, suggesting that the stock has a potential upside of 10.25% over the period.
Global Hunter Securities downgraded the stock to “Accumulate” from Buy on May 19, 2014 at a price target of $17-$15. Global Hunter Securities reiterated its price target at $22-$25.
The current price level is 59.17%, 79.14%, and 64.28% away from its SMA20, SMA50, and SMA200 respectively, with the MIND price moving below the 50-day SMA on current market day. MIND Technology Inc (MIND) stock is up 69.74% over the week and 87.22% over the past month. Its price is 8.95% year-to-date and 34.20% over the past year.
The company’s next earnings report forecasts estimating quarterly EPS at 0.18 and 0.56 for whole year. In addition, estimates put the company’s current quarterly revenue at an average of $12.2M.
To reach the target analysts have set, the stock logically needs to grow 10.25 percent from here.
Outstanding shares total 7.97M with insiders holding 2.11% of the shares and institutional holders owning 11.94% of the company’s common stock. The company has a return on investment of 5.08% and return on equity of 19.54%. The price to earnings ratio (P/E ratio) amounts to 15.79 while the forward price to earnings ratio is 9.32. The beta has a value of 1.13. Price to book ratio is 2.27 and price to sales ratio is 1.27.
