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S&P 500   5,248.49
DOW   39,760.08
QQQ   444.83
Stock market today: World shares are mostly higher after S&P 500 sets another record
The Most Bought AI Stock by Congress Isn’t NVIDIA
5 Dividend Kings Stocks to Load Up on Now
Palantir Technologies: Bearish Sentiment, Bullish Chart Signals
Chinese leader Xi issues a positive message at a meeting with US business leaders as ties improve
Mid-Cap Stocks to Outperform the Market This Cycle
Is DraftKings A Good Bet Ahead of Q1 Earnings?
S&P 500   5,248.49
DOW   39,760.08
QQQ   444.83
Stock market today: World shares are mostly higher after S&P 500 sets another record
The Most Bought AI Stock by Congress Isn’t NVIDIA
5 Dividend Kings Stocks to Load Up on Now
Palantir Technologies: Bearish Sentiment, Bullish Chart Signals
Chinese leader Xi issues a positive message at a meeting with US business leaders as ties improve
Mid-Cap Stocks to Outperform the Market This Cycle
Is DraftKings A Good Bet Ahead of Q1 Earnings?
S&P 500   5,248.49
DOW   39,760.08
QQQ   444.83
Stock market today: World shares are mostly higher after S&P 500 sets another record
The Most Bought AI Stock by Congress Isn’t NVIDIA
5 Dividend Kings Stocks to Load Up on Now
Palantir Technologies: Bearish Sentiment, Bullish Chart Signals
Chinese leader Xi issues a positive message at a meeting with US business leaders as ties improve
Mid-Cap Stocks to Outperform the Market This Cycle
Is DraftKings A Good Bet Ahead of Q1 Earnings?
NASDAQ:MNMD

Mind Medicine (MindMed) (MNMD) Stock Price, News & Analysis

$9.50
-0.36 (-3.65%)
(As of 03/27/2024 ET)
Today's Range
$9.33
$10.09
50-Day Range
$3.55
$10.43
52-Week Range
$2.41
$11.10
Volume
1.70 million shs
Average Volume
4.52 million shs
Market Capitalization
$392.64 million
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$24.83

Mind Medicine (MindMed) MarketRank™ Stock Analysis

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
161.4% Upside
$24.83 Price Target
Short Interest
Bearish
21.69% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.29mentions of Mind Medicine (MindMed) in the last 14 days
Based on 13 Articles This Week
Insider Trading
Selling Shares
$219,422 Sold Last Quarter
Proj. Earnings Growth
Growing
From ($1.70) to ($1.35) Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

1.85 out of 5 stars

Medical Sector

646th out of 939 stocks

Medicinals & Botanicals Industry

5th out of 11 stocks

MNMD stock logo

About Mind Medicine (MindMed) Stock (NASDAQ:MNMD)

Mind Medicine (MindMed) Inc. is a clinical-stage biopharmaceutical company working to develop therapies and treatments based on psychoactive substances. The company develops novel products including psychoactive substances and digital medicine to treat brain health disorders related to psychiatry, addiction, pain, and neurology. Digital medicine is the use of technology to measure and intervene in the service of human health and is a budding industry of its own. The company has 10 compounds in pre-clinical or clinical trials and 4 are on track to advance to Phase 1. The company is headquartered in Vancouver, Canada.

Mind Medicine’s pipeline of drug candidates is based on emerging science that more than suggests psychoactive substances can be used to relieve stress and anxiety disorders in the brain. Among the many potential uses for these drugs is the treatment of anxiety and stress related to PTSD and secondary stress disorders related to the treatment of people suffering from stress and anxiety-related disorders. Psychoactive compounds have also been shown to be effective in treating autism, pain, and social disorders.

The company’s treatments are focused on neuroplasticity or the fact our brain function is tied to its structure and the structure of our brains can change over time. When used in the proper context, Mind Medicine’s treatments aid the restructuring of brain activity and how it organizes information by catalyzing plasticity. In some cases, patients under treatment learn to make positive associations in relation to stress-inducing stimuli while under the influence of the treatments.

In addition to plasticity, psychoactive drugs like LSD, psilocybin, and DMT have been shown to have experiential effects such as lowering mental barriers and reducing defensive and often reflexive mechanisms that can be an impediment to healing.

Among the benefits of using psychoactive compounds versus traditional therapeutics are the speed of efficacy and greatly reduced side effects. Psychoactive drugs can produce positive effects in patients with the first use while it may take weeks for the current treatments to take effect and they come with many side effects. In some cases, side effects of mainstream treatments include an increase in suicidal behavior.

The company develops MM-120, which is in phase 2 for the treatment of generalized anxiety disorder and attention deficit hyperactivity disorder, as well as for the treatment of chronic pain. MM-120 is LSD D-tartrate. MM-110 is a nicotinic cholinergic receptor antagonist that has completed phase 1 for the treatment of opioid withdrawal.

Mind Medicine also develops MM-402 which is for the treatment of core symptoms of autism spectrum disorder. This treatment is based on MDMA and improves sociability in autistic patients without stimulants and is shown to have superior safety and tolerability.

 

MNMD Stock Price History

MNMD Stock News Headlines

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According to a recently published report… One DeFi protocol boasted gains over 100% during one of the biggest crashes the crypto market has ever seen. And now, this crypto coin is set to soar in the parabolic bull run projected in 2024.
Mind Medicine (MindMed) (NASDAQ:MNMD) Shares Up 5%
MNMD Apr 2024 13.000 put
Top Project Outperforms BTC in 2023…
According to a recently published report… One DeFi protocol boasted gains over 100% during one of the biggest crashes the crypto market has ever seen. And now, this crypto coin is set to soar in the parabolic bull run projected in 2024.
MNMD Apr 2024 7.000 put
MNMD Apr 2024 15.000 call
MNMD Jun 2024 17.000 call
MNMD Aug 2024 9.000 call
MNMD Aug 2024 6.000 put
MNMD Apr 2024 17.000 call
MNMD Jan 2025 22.000 call
MNMD May 2024 9.000 call
MNMD Apr 2024 3.000 put
MNMD Sep 2024 7.000 call
What's Going On With MindMed Stock Thursday?
See More Headlines
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Company Calendar

Last Earnings
2/28/2024
Today
3/27/2024
Next Earnings (Estimated)
5/02/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Medical
Industry
Medicinals & botanicals
Sub-Industry
N/A
Current Symbol
NASDAQ:MNMD
Fax
N/A
Employees
57
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$24.83
High Stock Price Target
$75.00
Low Stock Price Target
$7.00
Potential Upside/Downside
+161.4%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
6 Analysts

Profitability

Net Income
$-95,730,000.00
Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
N/A
Book Value
$1.90 per share

Miscellaneous

Free Float
40,462,000
Market Cap
$392.64 million
Optionable
Optionable
Beta
2.65
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Key Executives

  • Mr. Robert Barrow (Age 35)
    CEO & Director
    Comp: $956.1k
  • Mr. Schond L. Greenway M.B.A. (Age 52)
    Chief Financial Officer
    Comp: $343.28k
  • Dr. Daniel Rollings Karlin M.A. (Age 43)
    M.D., Chief Medical Officer
    Comp: $663.63k
  • Dr. Miriam Halperin Wernli Ph.D. (Age 71)
    Executive President
    Comp: $552.46k
  • Dr. Scott M. Freeman M.D. (Age 67)
    Co-Founder & Clinical Advisor
    Comp: $319.02k
  • Mr. Leonard Latchman
    Co-founder
  • Ms. Carrie F. Liao CPA
    CGMA, VP & Chief Accounting Officer
  • Mr. Maxim Jacobs C.F.A.
    Vice President of Investor Relations & Corporate Communications
  • Mr. Mark R. Sullivan J.D. (Age 53)
    Chief Legal Officer & Corporate Secretary
  • Dr. Francois P. Lilienthal M.B.A.
    M.D., Chief Commercial Officer

MNMD Stock Analysis - Frequently Asked Questions

Should I buy or sell Mind Medicine (MindMed) stock right now?

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Mind Medicine (MindMed) in the last twelve months. There are currently 6 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" MNMD shares.
View MNMD analyst ratings
or view top-rated stocks.

What is Mind Medicine (MindMed)'s stock price target for 2024?

6 Wall Street research analysts have issued 12 month price targets for Mind Medicine (MindMed)'s stock. Their MNMD share price targets range from $7.00 to $75.00. On average, they anticipate the company's stock price to reach $24.83 in the next twelve months. This suggests a possible upside of 161.4% from the stock's current price.
View analysts price targets for MNMD
or view top-rated stocks among Wall Street analysts.

How have MNMD shares performed in 2024?

Mind Medicine (MindMed)'s stock was trading at $3.66 at the beginning of the year. Since then, MNMD shares have increased by 159.6% and is now trading at $9.50.
View the best growth stocks for 2024 here
.

Are investors shorting Mind Medicine (MindMed)?

Mind Medicine (MindMed) saw a increase in short interest in the month of March. As of March 15th, there was short interest totaling 5,870,000 shares, an increase of 39.1% from the February 29th total of 4,220,000 shares. Based on an average daily trading volume, of 1,850,000 shares, the days-to-cover ratio is presently 3.2 days. Currently, 21.7% of the company's shares are short sold.
View Mind Medicine (MindMed)'s Short Interest
.

When is Mind Medicine (MindMed)'s next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, May 2nd 2024.
View our MNMD earnings forecast
.

How were Mind Medicine (MindMed)'s earnings last quarter?

Mind Medicine (MindMed) Inc. (NASDAQ:MNMD) released its quarterly earnings data on Wednesday, February, 28th. The company reported ($0.59) EPS for the quarter, missing analysts' consensus estimates of ($0.48) by $0.11.

What ETF holds Mind Medicine (MindMed)'s stock?

AdvisorShares Psychedelics ETF holds 123,228 shares of MNMD stock, representing 7.16% of its portfolio.

When did Mind Medicine (MindMed)'s stock split?

Mind Medicine (MindMed)'s stock reverse split on the morning of Monday, August 29th 2022. The 1-15 reverse split was announced on Monday, August 29th 2022. The number of shares owned by shareholders was adjusted after the market closes on Monday, August 29th 2022. An investor that had 100 shares of stock prior to the reverse split would have 7 shares after the split.

Who are Mind Medicine (MindMed)'s major shareholders?

Mind Medicine (MindMed)'s stock is owned by many different institutional and retail investors. Top institutional investors include Charles Schwab Investment Management Inc. (0.48%), Busey Bank (0.39%), Cresset Asset Management LLC (0.39%), Scotia Capital Inc. (0.30%), AdvisorShares Investments LLC (0.28%) and Goldman Sachs Group Inc. (0.28%). Insiders that own company stock include Dan Karlin, Robert Barrow and Schond L Greenway.
View institutional ownership trends
.

How do I buy shares of Mind Medicine (MindMed)?

Shares of MNMD stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:MNMD) was last updated on 3/28/2024 by MarketBeat.com Staff

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