Mind Medicine Inc (NASDAQ:MNMD) currently has a daily average trading volume of 1.13M but it saw 1280415 shares traded in last market. With a market cap of 648.24M USD, the company’s current market price of $8.58 came rising about 6.32 while comparing to the previous closing price of $8.07. In past 52 weeks, the stock remained buoying in the range of price level as high as $10.44 and as low as $4.70. In the recent trading on the day, stock has struck highest price mark of $8.15 while lowest mark touched by it was $8.6.
The company’s shares got several price updates from the analyst firms in past one month and most recent of them is from the Evercore ISI which initiated the stock as “Outperform” in its note to investors issued on January 28, 2025, recommending a price target of $23 for it. Leerink Partners issued its recommendations for the stock as it resumed the price target for the stock is $20.
Over the week, MNMD’s stock price is moving 11.14% up while it is 19.67% when we observe its performance for the past one month. Year-to-date it is 15.01% up and over the past year, the stock is showing an upside performance of 23.28%.
Currently, Mind Medicine Inc’s total number of outstanding shares is 75.51M with 0.85% of that held by the insiders while 55.18% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at -31.70% and return on equity (ROE) at -37.07%. Stock’s beta reads 2.90. Stock has a price to book (P/B) ratio of 2.91. Its return on asset (ROA) is -28.18% on average.
