Clearmind Medicine Inc (NASDAQ:CMND) finished Wednesday with a subtraction of -$0.01 to close at $0.16, a downside of -2.95 percent. An average of 1,170,940 shares of common stock have been traded in the last five days. There was a fall of -$0.0061 in the past week. The last 20 days have seen an average of 1,051,915 shares traded, while the 50-day average volume stands at 482,380.
CMND stock has decreased by -59.73% in the last month. The company shares reached their 1-month lowest point of $0.1500 on 09/25/23. Shares of the company touched a low of $0.15 and a high of $9.00 in 52 weeks. It has reached a new high 5 times so far this year and lost -94.91% or -$2.9990 in price. In spite of this, the price is down -98.21% from the 52-week high.
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Valuation Metrics
Clearmind Medicine Inc (CMND) stock’s beta is -2.00. Other valuation ratios to consider include the price-to-book (PB) ratio at 0.41.
Financial Health
The quick ratio of Clearmind Medicine Inc for the recent quarter was 2.62, and the current ratio was 2.62, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.00 and a total debt to equity ratio of 0.00 for the recent quarter. Its gross profit as reported stood at $15000.0 compared to revenue of $6.63 million.
Earnings Surprise
For the recent quarter, Clearmind Medicine Inc had $1.46 million in total debt. The company posted a net income of -$7.21 million in the quarter, while revenues were grew 99.86%. At the end of the recent quarter, Clearmind Medicine Inc’s stock balance sheet showed total liabilities of 1.66 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Clearmind Medicine Inc (CMND) price momentum. RSI 9-day as of the close on 27 September was 21.70%, suggesting the stock is oversold, with historical volatility in this time frame at 59.29%.
As of today, CMND’s price is $0.1595 -3.65% or -$0.0061 from its 5-day moving average. CMND is currently trading -59.75% lower than its 20-day SMA and -73.61% lower than its 100-day SMA. However, the stock’s current price level is -63.25% below the SMA50 and -94.77% below the SMA200.
The stochastic %K and %D were 3.01% and 2.25%, respectively, and the average true range (ATR) was 0.0345. With the 14-day stochastic at 3.56% and the average true range at 0.0393, the RSI (14) stands at 25.33%. The stock has reached -0.0066 on the 9-day MACD Oscillator while the 14-day reading was at -0.0771.
