Mira Pharmaceuticals Inc (MIRA): A Technical Analysis

MIRA has 36-month beta value of 2.02. Analysts have mixed views on the stock, with 2 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”

The public float for MIRA is 11.65M, and currently, short sellers hold a 6.26% ratio of that float. The average trading volume of MIRA on November 28, 2024 was 1.51M shares.

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MIRA) stock’s latest price update

The stock of Mira Pharmaceuticals Inc (NASDAQ: MIRA) has decreased by -0.78 when compared to last closing price of 1.28.Despite this, the company has seen a gain of 0.40% in its stock price over the last five trading days. accesswire.com reported 2024-11-20 that Backed by a Strong Balance Sheet, MIRA Accelerates Toward Becoming a Clinical-Stage Company and Advancing Breakthroughs in Pain and Depression Treatment MIAMI, FL / ACCESSWIRE / November 20, 2024 / MIRA Pharmaceuticals, Inc. (NASDAQ:MIRA), a preclinical-stage pharmaceutical company, is pleased to announce the selection of The Centre for Human Drug Research (CHDR) in Leiden, The Netherlands, as the site for its Phase I/IIa clinical trial of Ketamir-2, a novel oral ketamine analog. Recruitment for the trial is set to begin in Q1 2025, with initial safety and efficacy results from the Phase I study in healthy subjects expected in the second half of 2025.

MIRA’s Market Performance

Mira Pharmaceuticals Inc (MIRA) has seen a 0.40% rise in stock performance for the week, with a -26.59% decline in the past month and a -32.09% plunge in the past quarter. The volatility ratio for the week is 8.94%, and the volatility levels for the past 30 days are at 14.74% for MIRA.. The simple moving average for the past 20 days is -18.58% for MIRA’s stock, with a 2.91% simple moving average for the past 200 days.

MIRA Trading at -5.17% from the 50-Day Moving Average

After a stumble in the market that brought MIRA to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -74.65% of loss for the given period.

Volatility was left at 14.74%, however, over the last 30 days, the volatility rate increased by 8.94%, as shares sank -42.27% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +8.55% upper at present.

During the last 5 trading sessions, MIRA rose by +0.40%, which changed the moving average for the period of 200-days by +20.95% in comparison to the 20-day moving average, which settled at $1.5597. In addition, Mira Pharmaceuticals Inc saw 20.95% in overturn over a single year, with a tendency to cut further gains.

Insider Trading

Reports are indicating that there were more than several insider trading activities at MIRA starting from Aminov Erez, who sale 55,410 shares at the price of $1.39 back on Nov 19 ’24. After this action, Aminov Erez now owns 1,105,790 shares of Mira Pharmaceuticals Inc, valued at $77,020 using the latest closing price.

Aminov Erez, the Chief Executive Officer of Mira Pharmaceuticals Inc, sale 44,590 shares at $1.27 during a trade that took place back on Nov 20 ’24, which means that Aminov Erez is holding 1,061,200 shares at $56,629 based on the most recent closing price.

Stock Fundamentals for MIRA

The total capital return value is set at -3.0. Equity return is now at value -192.32, with -169.22 for asset returns.

The liquidity ratio also appears to be rather interesting for investors as it stands at 6.11.

Conclusion

To put it simply, Mira Pharmaceuticals Inc (MIRA) has had a mixed performance in recent times. Analysts have a bullish opinion on the stock, with some rating 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.

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