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Mind Medicine (MNMD)
NASDAQ:MNMD
Mind Medicine (MNMD) Stock Price & Analysis
1,131 Followers
MNMD Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$2.41 - $12.22
Previous Close$7.07
Volume744.32K
Average Volume (3M)1.61M
Market Cap
$498.44M
Enterprise Value$412.87M
Total Cash (Recent Filing)$99.70M
Total Debt (Recent Filing)$14.13M
Price to Earnings (P/E)―
Beta2.03
Next Earnings
Aug 08, 2024EPS Estimate
-$0.33Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)-2.94
Shares Outstanding71,872,422
10 Day Avg. Volume1,367,841
30 Day Avg. Volume1,611,882
Standard Deviation1.42
R-Squared0.07
Alpha0.35
Financial Highlights & Ratios
Price to Book (P/B)9.17
Price to Sales (P/S)N/A
Price to Cash Flow (P/CF)-6.40
P/FCF Ratio0.00
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross Profit10.00T>
Enterprise Value/Ebitda-10.13
Forecast
1Y Price Target
$23.71Price Target Upside240.66% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering8
Mind Medicine News
PremiumCompany Announcements
MindMed Advances GAD Treatment into Phase 3 Trials
Bulls Say, Bears Say
Bulls Say
Clinical Trial ResultsLarge, rapid and durable benefit shown with MM120 in GAD, in a randomized, placebo-controlled phase 2b trial.
Market OpportunitySpravato sales to date suggest a strong commercial opportunity for MM120.
Regulatory ProgressFDA recently granted Breakthrough Therapy Designation to MM120, reducing regulatory risk.
Bears Say
Clinical ConductClinical conduct concerns related to psychotherapy, as well as concerns/risk related to the lack of standardization of active treatment sessions, have raised some concerns for other psychedelic products including MM120.
Investment RisksKey risks to the investment thesis include possible failure of MM120 in Phase 3 trials, new safety issues, regulatory setbacks, competitive pressures, payer pushback, and the risk of psychedelics being marginalized due to adverse publicity.
Regulatory ConcernsFDA had also asked Lykos to collect more data on AEs and abuse potential during phase 3, which wasn't captured to FDA's satisfaction.
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Ownership Overview
Currently, No data available
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MNMD FAQ
What was Mind Medicine’s price range in the past 12 months?
Mind Medicine lowest stock price was $2.41 and its highest was $12.22 in the past 12 months.
What is Mind Medicine’s market cap?
Currently, no data Available
When is Mind Medicine’s upcoming earnings report date?
Mind Medicine’s upcoming earnings report date is Aug 08, 2024 which is in 36 days.
How were Mind Medicine’s earnings last quarter?
Mind Medicine released its earnings results on May 08, 2024. The company reported -$1.14 earnings per share for the quarter, missing the consensus estimate of -$0.529 by -$0.611.
Is Mind Medicine overvalued?
According to Wall Street analysts Mind Medicine’s price is currently Undervalued.
Does Mind Medicine pay dividends?
Mind Medicine does not currently pay dividends.
What is Mind Medicine’s EPS estimate?
Mind Medicine’s EPS estimate is -$0.33.
How many shares outstanding does Mind Medicine have?
Mind Medicine has 70,500,980 shares outstanding.
What happened to Mind Medicine’s price movement after its last earnings report?
Mind Medicine reported an EPS of -$1.14 in its last earnings report, missing expectations of -$0.529. Following the earnings report the stock price went down -5.099%.
Which hedge fund is a major shareholder of Mind Medicine?
Currently, no hedge funds are holding shares in MNMD
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Mind Medicine Stock Smart Score
Unlock Smart Score
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Analyst Consensus
Strong Buy
Average Price Target:
$23.71 (240.66% Upside)
$23.71 (240.66% Upside)
Blogger Sentiment
Bullish
MNMD Sentiment 100%
Sector Average 72%
Sector Average 72%
Crowd Wisdom
Neutral
Last 7 Days <0.1%
Last 30 Days ▲ 0.9%
Last 30 Days ▲ 0.9%
News Sentiment
Neutral
Bullish news 50%
Bearish news 50%
Bearish news 50%
Technicals
SMA
Positive
20 days / 200 days
Momentum
98.03%
12-Months-Change
Fundamentals
Return on Equity
-76.79%
Trailing 12-Months
Asset Growth
77.16%
Trailing 12-Months
Company Description
Mind Medicine
Mind Medicine Inc is a psychedelic medicine biotech company that discovers, develops, and deploys psychedelic inspired medicines and therapies to address addiction and mental illness. The company is assembling a compelling drug development pipeline of treatments based on psychedelic substances including Psilocybin, LSD, MDMA, DMT, and an Ibogaine derivative, 18-MC. The firm is having an approach towards developing the next generation of psychedelic inspired medicines and therapies.
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MNMD Earnings Call
Q1 2024
0:00 / 0:00
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MNMD Stock 12 Month Forecast
Average Price Target
$23.71
▲(240.66% Upside)
Technical Analysis
Best Analysts Covering MNMD
1 Year
1 Year Success Rate
5/6 ratings generated profit
1 Year Average Return
+119.25%
reiterated a buy rating 3 months ago
Copying Elemer Piros's trades and holding each position for 1 Year would result in 83.33% of your transactions generating a profit, with an average return of +119.25% per trade.
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