Clearmind Medicine Inc (NASDAQ: CMND): Retirees Don’t Worry About Volatility

Clearmind Medicine Inc (NASDAQ:CMND) currently has a daily average trading volume of 1.17M but it saw 158244 shares traded in last market. With a market cap of 6.31M USD, the company’s current market price of $1.44 came falling about -3.36 while comparing to the previous closing price of $1.49. 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 $1.41 while lowest mark touched by it was $1.5.

Taking a look at 20-day trading activity of Clearmind Medicine Inc (CMND) gives us an average price of $1.3972, while its current price level is -59.78% below from 52-week high level whereas it is 56.44% 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 $1.3899 while that of 200 days or SMA-200 reads an average of $1.3395. A closer look into the stock’s movement over the week reveals that its volatility is standing at 10.26% during that period while stretching the period over a month that increases to 11.62%. 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 51.43 which implies that the stock is in neutral territory.

Over the week, CMND’s stock price is moving 4.35% up while it is 5.11% when we observe its performance for the past one month. Year-to-date it is 4.35% up and over the past year, the stock is showing a downside performance of -28.36%.

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 -1.51. Stock has a price to book (P/B) ratio of 1.65. Its return on asset (ROA) is -133.31% on average.