MIND Technology Inc [NASDAQ: MIND] price surged by 2.42 percent to reach at $0.21.
A sum of 151580 shares traded at recent session while its average daily volume was at 259.82K shares. MIND Technology Inc shares reached a high of $9.09 and dropped to a low of $8.68 until finishing in the latest session at $8.88.
The one-year MIND stock forecast points to a potential upside of 11.2. 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 $10.00 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 Price to Book ratio for the last quarter was 2.45, with the Price to Cash per share for the same quarter was set at 0.98. Price to Free Cash Flow for MIND in the course of the last twelve months was 10.82 with Quick ratio for the last quarter at 3.01.
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 -6.13. With this latest performance, MIND shares dropped by -15.83% in over the last four-week period, additionally plugging by 42.08% over the last 6 months – not to mention a rise of 11.84% 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 38.13, with the RSI for the last a single of trading hit 0.86, and the three-weeks RSI is set at 0.88 for MIND Technology Inc [MIND]. The present Moving Average for the last 50 days of trading for this stock 10.19, while it was recorded at 8.91 for the last single week of trading, and 8.31 for the last 200 days.
Insight into MIND Technology Inc Fundamentals:
Operating Margin for any stock indicates how profitable investing would be, and MIND Technology Inc [MIND] shares currently have an operating margin of 13.71% and a Gross Margin at 43.71%. MIND Technology Inc’s Net Margin is presently recorded at 8.06%.
MIND Technology Inc (MIND) Capital Structure & Debt Analysis
According to recent financial data for MIND Technology Inc. ( MIND), the Return on Equity (ROE) stands at 16.05%, reflecting robust shareholder value creation. The Return on Assets (ROA) is 11.62%, reflecting the company’s efficiency in generating profits from its assets. Additionally, MIND Technology Inc’s Return on Invested Capital (ROIC) is 13.42%, showcasing its effectiveness in deploying capital for earnings.
MIND Technology Inc (MIND) Efficiency & Liquidity Metrics
Based on MIND Technology Inc’s (MIND) latest financial statements, the Debt-to-Equity Ratio is 0.03%, indicating its reliance on debt financing relative to shareholder equity.
MIND Technology Inc (MIND) Efficiency & Liquidity Metrics
From an operational efficiency perspective, MIND Technology Inc. (MIND) effectively leverages its workforce, generating an average of $26849.32 per employee. The company’s liquidity position is robust, with a Current Ratio of 4.79% and a Quick Ratio of 3.01%, indicating strong ability to cover short-term liabilities.
MIND Stock EPS
With the latest financial reports released by the company, MIND Technology Inc posted 2.87/share EPS, while the average EPS was predicted by analysts to be reported at 0.13/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 2.74. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for MIND.
MIND Technology Inc [MIND] Institutonal Ownership Details
There are presently around $15.89%, or 16.23%% of MIND stock, in the hands of institutional investors. The top three institutional holders of MIND stocks are: RENAISSANCE TECHNOLOGIES LLC with ownership of 44840.0 shares, which is approximately 0.7973%. BRIGHTON JONES LLC, holding 31654.0 shares of the stock with an approximate value of $$0.13 million in MIND stocks shares; and BRIGHTON JONES LLC, currently with $$97545.0 in MIND stock with ownership which is approximately 0.413%.
