MIND Technology Inc [NASDAQ: MIND] price surged by 2.69 percent to reach at $0.17.
The one-year MIND stock forecast points to a potential upside of 18.87. The average equity rating for MIND stock is currently 1.00, trading closer to a bullish pattern in the stock market.
Guru’s Opinion on MIND Technology Inc [MIND]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for MIND shares is $8.00 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on MIND stock is a recommendation set at 1.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Sidoti have made an estimate for MIND Technology Inc shares, keeping their opinion on the stock as Buy, with their previous recommendation back on September 23, 2015. While these analysts kept the previous recommendation, Global Hunter Securities dropped their target price from $17 to $15. The new note on the price target was released on May 19, 2014, representing the official price target for MIND Technology Inc stock. Previously, the target price had yet another raise from $22 to $25, while Global Hunter Securities kept a Buy rating on MIND stock. On June 08, 2011, analysts increased their price target for MIND shares from 18 to 22.
The Average True Range (ATR) for MIND Technology Inc is set at 0.38, with the Price to Sales ratio for MIND stock in the period of the last 12 months amounting to 1.10. The Price to Book ratio for the last quarter was 1.89, with the Price to Cash per share for the same quarter was set at 0.67. Price to Free Cash Flow for MIND in the course of the last twelve months was 246.29 with Quick ratio for the last quarter at 2.12.
MIND Stock Performance Analysis:
MIND Technology Inc [MIND] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -4.14. With this latest performance, MIND shares dropped by -0.92% in over the last four-week period, additionally plugging by 70.79% over the last 6 months – not to mention a rise of 47.17% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for MIND stock in for the last two-week period is set at 50.27, with the RSI for the last a single of trading hit 48.37, and the three-weeks RSI is set at 50.03 for MIND Technology Inc [MIND]. The present Moving Average for the last 50 days of trading for this stock 6.21, while it was recorded at 6.46 for the last single week of trading, and 5.75 for the last 200 days.
Insight into MIND Technology Inc Fundamentals:
MIND Technology Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 2.12 and a Current Ratio set at 3.71.
MIND Technology Inc [MIND] Institutonal Ownership Details
There are presently around $33.70%, or 34.42%% of MIND stock, in the hands of institutional investors.
