Mind Medicine (MindMed) Inc. (NASDAQ:MNMD – Free Report) – HC Wainwright issued their FY2029 EPS estimates for Mind Medicine (MindMed) in a note issued to investors on Friday, January 31st. HC Wainwright analyst P. Trucchio anticipates that the company will post earnings per share of $2.84 for the year. HC Wainwright currently has a “Buy” rating and a $55.00 target price on the stock. The consensus estimate for Mind Medicine (MindMed)’s current full-year earnings is ($1.35) per share.
Mind Medicine (MindMed) (NASDAQ:MNMD – Get Free Report) last announced its quarterly earnings data on Thursday, November 7th. The company reported ($0.27) earnings per share for the quarter, topping the consensus estimate of ($0.29) by $0.02. During the same quarter last year, the business earned ($0.53) EPS.
View Our Latest Research Report on Mind Medicine (MindMed)
Mind Medicine (MindMed) Trading Up 8.5 %
Shares of NASDAQ MNMD opened at $7.37 on Monday. The company has a quick ratio of 9.00, a current ratio of 9.00 and a debt-to-equity ratio of 0.09. The stock’s 50 day moving average price is $7.26 and its two-hundred day moving average price is $6.90. Mind Medicine has a 52-week low of $3.85 and a 52-week high of $12.22. The stock has a market capitalization of $540.44 million, a P/E ratio of -3.26 and a beta of 2.59.
Institutional Trading of Mind Medicine (MindMed)
A number of hedge funds have recently made changes to their positions in MNMD. Wealth Enhancement Advisory Services LLC acquired a new position in Mind Medicine (MindMed) in the 3rd quarter valued at approximately $58,000. Sanctuary Advisors LLC acquired a new stake in Mind Medicine (MindMed) during the third quarter valued at $91,000. Foundations Investment Advisors LLC purchased a new position in Mind Medicine (MindMed) in the fourth quarter valued at about $91,000. Stoneridge Investment Partners LLC acquired a new position in Mind Medicine (MindMed) in the 3rd quarter worth about $93,000. Finally, SG Americas Securities LLC purchased a new stake in shares of Mind Medicine (MindMed) during the 3rd quarter worth about $93,000. 27.91% of the stock is owned by hedge funds and other institutional investors.
Insiders Place Their Bets
In other Mind Medicine (MindMed) news, insider Dan Karlin sold 6,643 shares of the company’s stock in a transaction dated Thursday, December 26th. The shares were sold at an average price of $7.43, for a total transaction of $49,357.49. Following the completion of the sale, the insider now directly owns 338,013 shares of the company’s stock, valued at approximately $2,511,436.59. This represents a 1.93 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Robert Barrow sold 19,106 shares of the business’s stock in a transaction on Thursday, December 26th. The shares were sold at an average price of $7.43, for a total transaction of $141,957.58. Following the sale, the chief executive officer now directly owns 526,666 shares in the company, valued at approximately $3,913,128.38. This trade represents a 3.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 28,022 shares of company stock worth $208,203 over the last ninety days. Company insiders own 2.26% of the company’s stock.
Mind Medicine (MindMed) Company Profile
Mind Medicine (MindMed) Inc, a clinical stage biopharmaceutical company, develops novel products to treat brain health disorders. The company’s lead product candidates include MM-120, which is in phase 2 for the treatment of generalized anxiety disorder and attention deficit hyperactivity disorder; and MM-402, a R-enantiomer of 3,4-methylenedioxymethamphetamine, which is in phase I clinical trials for the treatment of core symptoms of autism spectrum disorder.
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