The Week Ahead: Are Investors Really Too Optimistic About Clearmind Medicine Inc (NASDAQ: CMND)

Clearmind Medicine Inc (NASDAQ:CMND) currently has a daily average trading volume of 262.72K but it saw 51778201 shares traded in last market. With a market cap of 10.63M USD, the company’s current market price of $1.72 came rising about 40.98 while comparing to the previous closing price of $1.22. In past 52 weeks, the stock remained buoying in the range of price level as high as $3.58 and as low as $0.92. In the recent trading on the day, stock has struck highest price mark of $1.545 while lowest mark touched by it was $2.18.

Taking a look at 20-day trading activity of Clearmind Medicine Inc (CMND) gives us an average price of $1.3302, while its current price level is -51.96% below from 52-week high level whereas it is 86.85% 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 $1.3950 while that of 200 days or SMA-200 reads an average of $1.3307. A closer look into the stock’s movement over the week reveals that its volatility is standing at 17.62% during that period while stretching the period over a month that decreases to 9.29%. 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 58.14 which implies that the stock is in neutral territory.

Over the week, CMND’s stock price is moving 15.75% up while it is 10.53% when we observe its performance for the past one month. Year-to-date it is -47.69% down and over the past year, the stock is showing a downside performance of -51.49%.

Currently, Clearmind Medicine Inc’s total number of outstanding shares is 3.98M. Company’s return on investment (ROI) stands at -241.24% and return on equity (ROE) at -267.90%. Stock’s beta reads -1.47. Stock has a price to book (P/B) ratio of 1.97. Its return on asset (ROA) is -133.31% on average.