With 16.56M 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 1.17M but it saw 7803868 shares traded in last market. With a market cap of 21.01M USD, the company’s current market price of $1.25 came rising about 7.76 while comparing to the previous closing price of $1.16. In past 52 weeks, the stock remained buoying in the range of price level as high as $5.01 and as low as $0.51.

Taking a look at 20-day trading activity of Mira Pharmaceuticals Inc (MIRA) gives us an average price of $1.0286, while its current price level is -75.05% below from 52-week high level whereas it is 145.10% 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 $1.0328 while that of 200 days or SMA-200 reads an average of $1.3327. A closer look into the stock’s movement over the week reveals that its volatility is standing at 11.60% during that period while stretching the period over a month that decreases to 11.29%. 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 65.50 which implies that the stock is in neutral territory.

Over the week, MIRA’s stock price is moving 9.65% up while it is 50.60% when we observe its performance for the past one month. Year-to-date it is 9.65% up and over the past year, the stock is showing an upside performance of 66.67%.

Currently, Mira Pharmaceuticals Inc’s total number of outstanding shares is 16.56M with 19.80% of that held by the insiders while 7.11% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at -356.98% and return on equity (ROE) at -238.90%. Stock’s beta reads 1.95. Stock has a price to book (P/B) ratio of 9.41. Its return on asset (ROA) is -199.93% on average.