MIND Technology Inc (NASDAQ: MIND)’s stock price has dropped by -22.01 in relation to previous closing price of 5.77. Nevertheless, the company has seen a loss of -24.05% in its stock price over the last five trading days. Seeking Alpha reported 2024-04-30 that MIND Technology, Inc. (NASDAQ:MIND ) Q4 2024 Earnings Conference Call April 30, 2024 9:00 AM ET Company Participants Zach Vaughan – IR Rob Capps – President and CEO Mark Cox – VP and CFO Conference Call Participants Tyson Bauer – KC Capital Sam Schwartz – Kaliber Management Operator Ladies and gentlemen, good morning, and welcome to the MIND Technology Fiscal 2024 Fourth Quarter Earnings Conference Call. At this time, all participants are in a listen-only mode.
Is It Worth Investing in MIND Technology Inc (NASDAQ: MIND) Right Now?
Company’s 36-month beta value is 1.25.Analysts have differing opinions on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 1 as “hold,” and 0 as “sell.”
The public float for MIND is 1.26M, and currently, short sellers hold a 0.24% ratio of that floaft. The average trading volume of MIND on May 09, 2024 was 6.15K shares.
MIND’s Market Performance
MIND stock saw an increase of -24.05% in the past week, with a monthly gain of 0.68% and a quarterly increase of -25.00%. The volatility ratio for the week is 13.23%, and the volatility levels for the last 30 days are 7.31% for MIND Technology Inc (MIND).. The simple moving average for the past 20 days is -4.92% for MIND’s stock, with a -19.14% simple moving average for the past 200 days.
Analysts’ Opinion of MIND
Global Hunter Securities, on the other hand, stated in their research note that they expect to see MIND reach a price target of $15, previously predicting the price at $17. The rating they have provided for MIND stocks is “Accumulate” according to the report published on May 19th, 2014.
Global Hunter Securities gave a rating of “Buy” to MIND, setting the target price at $25 in the report published on July 13th of the previous year.
MIND Trading at -12.18% from the 50-Day Moving Average
After a stumble in the market that brought MIND to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -44.44% of loss for the given period.
Volatility was left at 7.31%, however, over the last 30 days, the volatility rate increased by 13.23%, as shares surge +5.67% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -25.12% lower at present.
During the last 5 trading sessions, MIND fell by -24.05%, which changed the moving average for the period of 200-days by -28.80% in comparison to the 20-day moving average, which settled at $4.75. In addition, MIND Technology Inc saw -31.71% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for MIND
Current profitability levels for the company are sitting at:
- -0.01 for the present operating margin
- 0.43 for the gross margin
The net margin for MIND Technology Inc stands at 0.01. The total capital return value is set at -0.02. Equity return is now at value -8.54, with -5.88 for asset returns.
Based on MIND Technology Inc (MIND), the company’s capital structure generated 0.06 points at debt to capital in total, while cash flow to debt ratio is standing at -3.75. The debt to equity ratio resting at 0.06. The interest coverage ratio of the stock is 0.24.
Currently, EBITDA for the company is 1.7 million with net debt to EBITDA at -3.45. When we switch over and look at the enterprise to sales, we see a ratio of 0.06. The receivables turnover for the company is 6.04for trailing twelve months and the total asset turnover is 1.19. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.76.
Conclusion
In a nutshell, MIND Technology Inc (MIND) has experienced a bad performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
