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Mind Medicine (MindMed) Inc. (MNMD): The stock’s intermediate-term indicators point to Buy today

How have the shares performed?

Mind Medicine (MindMed) Inc. (MNMD) saw an uptrend of 8.29% in the recent trading with $3.92 being its most recent. The current price level -32.06% lower than the highest price of $5.77 marked by the stock while trading over the past 52-weeks, whereas it is 1246.62% higher than the lowest price of $0.29 the company dropped to over past 52-weeks. The latest news story on MNMD appeared in PR Newswire under the title “MindMed Announces Chief Executive Officer Transition” on Jun-09-21.


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Squeezing the time span to 30 day period shows us the stock is currently trading -2.97% below one month high and is +35.17% above of the lowest during that time. Looking into the simple moving average, Mind Medicine (MindMed) Inc. (MNMD)’s stock stands at a SMA-50 of $3.19 while that of 5-day is reading $3.73.

Daily rise and fall of price influence many of the traders, and in order to overcome the fluctuating effect of that and to watch the stock closely, traders focus more on stock’s 200-day moving average. At various points in trading activity, investors are more likely to be making use of that measure as a strong indicator in figuring out their support and resistance levels, and MNMD’s SMA-200 as of now is $2.34.

Mind Medicine (MindMed) Inc. Earnings – What Happened With MNMD

Coming around sales and income figures, publically trading companies under normal circumstances post earnings and revenues near to average estimates by the Wall Street analysts, but those could came either above or below estimates and known as surprise factor. Mind Medicine (MindMed) Inc. (MNMD) last released financial results for the quarter that ended 12/30/2020, posting a surprise factor of 50.00% for net revenue.

MNMD – Mind Medicine (MindMed) Inc. Stock Earnings Estimates

The perspective of Mind Medicine (MindMed) Inc. (NASDAQ:MNMD)’s current quarter earnings identifies that analysts are in consensus over the estimate of -0.02 for stock’s EPS in the current quarter. Company’s EPS for the last quarter was -0.01.

Investors get the exact data about the key information of institutional ownership in a listed company through its 13F filings at the Stock Exchange Commission (SEC). The total number of common shares currently owned by the public is 326.13 million. MNMD does have institutional investors; and they hold 0.57% of the stock.

Mind Medicine (MindMed) Inc. – Insider Activity and Holdings

As on Mar 30, 2021, tru Independence LLC was the top most holder in Mind Medicine (MindMed) Inc. (NASDAQ:MNMD) with an ownership of 0.17 million shares of the company or 0.05% of the stake worth $0.47 million. The filing also reveals Gofen & Glossberg LLC as the second largest holder in the company with a control over 0.02% of the outstanding shares. Its stake is worth $0.2 million for having 72500.0 shares in hand.

FNY Investment Advisers, LLC also came holding a key position in the company during the recent quarter and it now holds 0.01% of the outstanding shares. With this there are now 11 institutions which have possession in MNMD’s shares.

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Technical Analysis of Mind Medicine (MindMed) Inc. (NASDAQ:MNMD) stock

To comprehend better with the trade moves and investors’ behavior, exploring the short, medium and long term technical indicators along with average volume of a stock is an effective way to make use of. When looking into those indicators for Mind Medicine (MindMed) Inc. (MNMD), we notice that the stock’s 20-day average volume is at 10,409,960 shares and 100% of short term indicators are suggesting the stock as Buy. Medium term indicators at an average of 75% are spotting the stock at Buy with its 50-day average volume of 10,166,950 shares. And to end, MNMD’s 100-day average volume is 6,727,798 shares with 100% of the long-term indicators pointing towards Buy for the stock.

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