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Mind Medicine (MNMD)
NASDAQ:MNMD
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MNMD Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$2.41 - $12.22
Previous Close$6.15
Volume2.43M
Average Volume (3M)786.91K
Market Cap
$444.39M
Enterprise Value$206.25M
Total Cash (Recent Filing)$252.33M
Total Debt (Recent Filing)$14.19M
Price to Earnings (P/E)―
Beta1.72
Next Earnings
Nov 07, 2024EPS Estimate
-$0.28Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)-2.26
Shares Outstanding81,430,000
10 Day Avg. Volume776,797
30 Day Avg. Volume786,908
Standard Deviation1.35
R-Squared0.07
Alpha0.28
Financial Highlights & Ratios
Price to Book (P/B)0.00
Price to Sales (P/S)N/A
Price to Cash Flow (P/CF)-6.30
P/FCF Ratio0.00
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross Profit10.00T>
Enterprise Value/Ebitda-2.20
Forecast
1Y Price Target
$26.80Price Target Upside297.04% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering5
Mind Medicine News
PremiumCompany Announcements
MindMed Advances Phase 3 Trials in Mental Health
PremiumCompany Announcements
Mind Medicine’s Financial Health and Phase 3 Progress
PremiumCompany Announcements
MindMed Issues New Employee Share Options
PremiumCompany Announcements
MindMed Showcases Innovation at Investor EventsBulls Say, Bears Say
Bulls Say
Clinical TrialsThere is a high probability of success for MM120 in GAD, considering the strong phase 2 results announced earlier this year.
Financial PerformanceThe company ended 2Q24 with approximately $240M of cash, along with a recent $75M equity raise, extending the cash runway into 2027.
Regulatory PathFDA 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.
Evidence Report IssuesICER’s initial draft evidence report pointed to multiple concerns and controversies related to Lykos’ MDMA-assisted therapy, including functional unblinding and bias.
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
2.52% Insiders
5.09% Mutual Funds
0.31% Other Institutional Investors
84.17% Public Companies and Individual Investors
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 Nov 07, 2024 which is 2 days ago.
How were Mind Medicine’s earnings last quarter?
Mind Medicine released its earnings results on Aug 13, 2024. The company reported -$0.08 earnings per share for the quarter, beating the consensus estimate of -$0.327 by $0.247.
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 -$0.28.
How many shares outstanding does Mind Medicine have?
Mind Medicine has 73,331,690 shares outstanding.
What happened to Mind Medicine’s price movement after its last earnings report?
Mind Medicine reported an EPS of -$0.08 in its last earnings report, beating expectations of -$0.327. Following the earnings report the stock price went down -3.796%.
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:
$26.80 (297.04% Upside)
$26.80 (297.04% Upside)
Blogger Sentiment
Bullish
MNMD Sentiment 100%
Sector Average 72%
Sector Average 72%
Insider Transactions
Bought Shares
Worth $27.1K over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Positive
Last 7 Days ▼ 1.3%
Last 30 Days ▲ 4.5%
Last 30 Days ▲ 4.5%
Technicals
SMA
Negative
20 days / 200 days
Momentum
99.02%
12-Months-Change
Fundamentals
Return on Equity
-66.26%
Trailing 12-Months
Asset Growth
88.72%
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
Q2 2024
0:00 / 0:00
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MNMD Stock 12 Month Forecast
Average Price Target
$26.80
▲(297.04% Upside)
Technical Analysis
Best Analysts Covering MNMD
1 Year
1 Year Success Rate
5/8 ratings generated profit
1 Year Average Return
+34.09%
assigned a buy rating 6 months ago
Copying Francois Brisebois's trades and holding each position for 1 Year would result in 62.50% of your transactions generating a profit, with an average return of +34.09% per trade.
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