In the past week, MIND stock has gone down by -2.27%, with a monthly decline of -27.22% and a quarterly plunge of -38.72%. The volatility ratio for the week is 7.90%, and the volatility levels for the last 30 days are 7.57% for MIND Technology Inc The simple moving average for the past 20 days is -13.30% for MIND’s stock, with a -30.90% simple moving average for the past 200 days.
Is It Worth Investing in MIND Technology Inc (NASDAQ: MIND) Right Now?
The 36-month beta value for MIND is also noteworthy at 1.15. There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 1 rating it as “hold,” and 0 rating it as “sell.”
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The public float for MIND is 1.23M, and at present, short sellers hold a 6.11% of that float. The average trading volume of MIND on September 11, 2024 was 83.85K shares.
MIND) stock’s latest price update
MIND Technology Inc (NASDAQ: MIND) has experienced a rise in its stock price by 8.83 compared to its previous closing price of 3.17. However, the company has seen a fall of -2.27% in its stock price over the last five trading days. prnewswire.com reported 2024-09-05 that THE WOODLANDS, Texas, Sept. 5, 2024 /PRNewswire/ — MIND Technology, Inc. (“MIND” or the “Company”) (Nasdaq: MIND; MINDP) announced that it has effected the conversion of all shares of its 9% Series A Cumulative Preferred Stock, $1.00 par value per share (the “Preferred Stock”), into the Company’s common stock, $0.01 par value per share.
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 -19.88% 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 -55.94% of loss for the given period.
Volatility was left at 7.57%, however, over the last 30 days, the volatility rate increased by 7.90%, as shares sank -27.52% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -17.86% lower at present.
During the last 5 trading sessions, MIND fell by -2.27%, which changed the moving average for the period of 200-days by -27.97% in comparison to the 20-day moving average, which settled at $3.91. In addition, MIND Technology Inc saw -47.65% 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:
- 0.0 for the present operating margin
- 0.42 for the gross margin
The net margin for MIND Technology Inc stands at 0.04. The total capital return value is set at 0.0. Equity return is now at value -3.26, with -2.21 for asset returns.
Based on MIND Technology Inc (MIND), the company’s capital structure generated 0.07 points at debt to capital in total, while cash flow to debt ratio is standing at -3.9. The debt to equity ratio resting at 0.07. The interest coverage ratio of the stock is 0.03.
Currently, EBITDA for the company is 1.7 million with net debt to EBITDA at 0.58. When we switch over and look at the enterprise to sales, we see a ratio of 0.15. The receivables turnover for the company is 3.91for trailing twelve months and the total asset turnover is 1.05. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.89.
Conclusion
In summary, MIND Technology Inc (MIND) has had a bad performance as of late. Analysts have mixed opinions on the stock, with some viewing it as a “buy” and others as a “hold”. 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.
