Mind Technology Stock Today

MIND Stock  USD 4.56  0.15  3.40%   

Performance

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Odds Of Distress

Over 53

 
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Mind Technology is trading at 4.56 as of the 28th of March 2024, a 3.40 percent increase since the beginning of the trading day. The stock's lowest day price was 4.56. Mind Technology has 53 percent odds of going through some form of financial distress in the next two years and has generated negative returns to investors over the last 90 days. Equity ratings for Mind Technology are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 8th of April 2022 and ending today, the 28th of March 2024. Click here to learn more.
Business Domain
Energy
IPO Date
19th of December 1994
Category
Technology
MIND Technology, Inc., together with its subsidiaries, provides technology to the oceanographic, hydrographic, defense, seismic, and maritime security industries. MIND Technology, Inc. was incorporated in 1987 and is headquartered in The Woodlands, Texas. The company has 1.41 M outstanding shares of which 3.05 K shares are now shorted by private and institutional investors with about 1.12 trading days to cover. More on Mind Technology

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Mind Stock Highlights

Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Mind Technology's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Mind Technology or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
CEOGuy Malden
Thematic Ideas
(View all Themes)
Old Names[Horizons Active A.I. Global Equity ETF, Mindmancer AB]
Business ConcentrationOil & Gas Equipment & Services, Scientific & Technical Instruments, Technology, Electronics, Electronic Equipment, Energy, Energy Equipment & Services, Scientific & Technical Instruments, Technology (View all Sectors)
Average Analyst Recommendation
Analysts covering Mind Technology report their recommendations after researching Mind Technology's financial statements, talking to executives and customers, or listening in on Mind Technology's conference calls. The current trade recommendation is based on an ongoing consensus estimate among financial analysts covering Mind Technology. The Mind consensus assessment is calculated by taking the average forecast from all of the analysts covering Mind Technology.
Financial Strength
Based on the key measurements obtained from Mind Technology's financial statements, Mind Technology is not in a good financial situation at this time. It has a very high probability of going through financial hardship in April. Financial strength of Mind Technology is based on its profitability, leverage, liquidity, source of funds, and operating efficiency.
Current ValueLast YearChange From Last Year 10 Year Trend
Asset Turnover1.010.96
Sufficiently Up
Slightly volatile
Total Current Liabilities11.9 M10 M
Fairly Up
Pretty Stable
Non Current Liabilities Total1.2 M1.3 M
Notably Down
Slightly volatile
Total Assets35.9 M37.8 M
Notably Down
Slightly volatile
Total Current Assets34.4 M25.6 M
Significantly Up
Slightly volatile
Mind Technology's financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to Mind Technology's success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit.
Financial leverage usually refers to the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Mind Technology's financial leverage. It provides some insight into what part of Mind Technology's total assets is financed by creditors.
By using current balance sheet information, investors can analyze the liability, assets, and equity on Mind Technology's books and decide whether to invest or hold. Statistics such as return on equity (ROE), debt to equity (D/E) help investors determine how Mind Technology deploys its capital and how much of that capital is borrowed.
Liquidity
Mind Technology cash flow analysis is essential to understand how it generates and spends money over a specific period. It can also help you figure out where your money is going and how much cash you have available at a given moment. The company currently holds 1.75 M in liabilities with Debt to Equity (D/E) ratio of 0.08, which may suggest the company is not taking enough advantage from borrowing. Mind Technology has a current ratio of 2.81, suggesting that it is liquid enough and is able to pay its financial obligations when due. Debt can assist Mind Technology until it has trouble settling it off, either with new capital or with free cash flow. So, Mind Technology's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Mind Technology sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Mind to invest in growth at high rates of return. When we think about Mind Technology's use of debt, we should always consider it together with cash and equity.

Free Cash Flow

(4.21 Million)
Mind Technology (MIND) is traded on NASDAQ Exchange in USA. It is located in 2002 Timberloch Place, The Woodlands, TX, United States, 77380 and employs 190 people. Mind Technology is listed under Oil & Gas Equipment & Services category by Fama And French industry classification. The company currently falls under 'Nano-Cap' category with a current market capitalization of 6.4 M. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Mind Technology's market, we take the total number of its shares issued and multiply it by Mind Technology's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. Mind Technology conducts business under Energy Equipment & Services sector and is part of Energy industry. The entity has 1.41 M outstanding shares of which 3.05 K shares are now shorted by private and institutional investors with about 1.12 trading days to cover. Mind Technology currently holds about 833 K in cash with (2.9 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.06.
Check Mind Technology Probability Of Bankruptcy
Ownership Allocation
Mind Technology secures 4.77 % of its outstanding shares held by insiders and 8.44 % owned by institutional investors.
Check Mind Ownership Details

Mind Stock Price Odds Analysis

What are Mind Technology's target price odds to finish over the current price? Based on a normal probability distribution, the odds of Mind Technology jumping above the current price in 90 days from now is close to 99%. The Mind Technology probability density function shows the probability of Mind Technology stock to fall within a particular range of prices over 90 days. Given the investment horizon of 90 days the stock has a beta coefficient of 1.4516. This indicates as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Mind Technology will likely underperform. Additionally, mind Technology has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming NYSE Composite.
  Odds Below 4.56HorizonTargetOdds Above 4.56
0.51%90 days
 4.56 
99.49%
Based on a normal probability distribution, the odds of Mind Technology to move above the current price in 90 days from now is close to 99 (This Mind Technology probability density function shows the probability of Mind Stock to fall within a particular range of prices over 90 days) .

Mind Stock Institutional Holders

Institutional Holdings refers to the ownership stake in Mind Technology that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Mind Technology's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Mind Technology's value.
InstituionRecorded OnShares
Morgan Stanley - Brokerage Accounts2023-09-30
0.0
Earnest Partners Llc2023-09-30
0.0
Renaissance Technologies Corp2023-12-31
45.8 K
Brighton Jones Llc2023-12-31
31.9 K
Blackrock Inc2023-12-31
24.6 K
Rbf Llc2023-12-31
12.2 K
Vanguard Group Inc2023-12-31
11.4 K
Geode Capital Management, Llc2023-12-31
10.4 K
Tower Research Capital Llc2023-12-31
K
Ubs Group Ag2023-12-31
200
Wells Fargo & Co2023-12-31
10.0
View Mind Technology Diagnostics

Mind Technology Historical Income Statement

Mind Technology Income Statement is one of the three primary financial statements used for reporting Mind's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Mind Technology revenue and expense. Mind Technology Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At present, Mind Technology's Gross Profit is projected to decrease significantly based on the last few years of reporting. The current year's Other Operating Expenses is expected to grow to about 50.2 M, whereas Interest Expense is forecasted to decline to about 443.7 K. View More Fundamentals

Mind Stock Against Markets

Picking the right benchmark for Mind Technology stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Mind Technology stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Mind Technology is critical whether you are bullish or bearish towards Mind Technology at a given time. Please also check how Mind Technology's historical prices are related to one of the top price index indicators.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Mind Technology without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Mind Technology Corporate Directors

Mind Technology corporate directors refer to members of a Mind Technology board of directors. The board of directors generally takes responsibility for the Mind Technology's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Mind Technology's board members must vote for the resolution. The Mind Technology board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.
Robert AlbersIndependent DirectorProfile
Marcus RowlandIndependent DirectorProfile
Randal LewisIndependent DirectorProfile
Thomas GlanvilleIndependent DirectorProfile

How to buy Mind Stock?

Before investing in Mind Technology, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Mind Technology. To buy Mind Technology stock, you can follow these steps:
  • Choose a brokerage firm: You need to select a brokerage firm to buy shares of Mind Technology. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
  • Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
  • Fund your account: You will need to deposit funds into your brokerage account to purchase Mind Technology stock. You can do this by transferring funds from your bank account or other investment accounts.
  • Place your order: Once you have located Mind Technology stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
  • Monitor your investment: After you have purchased Mind Technology stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as Mind Technology, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy Mind Stock please use our How to Invest in Mind Technology guide.

Already Invested in Mind Technology?

The danger of trading Mind Technology is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Mind Technology is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Mind Technology. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Mind Technology is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Mind Technology is a strong investment it is important to analyze Mind Technology's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Mind Technology's future performance. For an informed investment choice regarding Mind Stock, refer to the following important reports:
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Mind Technology. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors.
For information on how to trade Mind Stock refer to our How to Trade Mind Stock guide.
You can also try the Companies Directory module to evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals.

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When running Mind Technology's price analysis, check to measure Mind Technology's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Mind Technology is operating at the current time. Most of Mind Technology's value examination focuses on studying past and present price action to predict the probability of Mind Technology's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Mind Technology's price. Additionally, you may evaluate how the addition of Mind Technology to your portfolios can decrease your overall portfolio volatility.
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Is Mind Technology's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Mind Technology. If investors know Mind will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Mind Technology listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share
(5.19)
Revenue Per Share
30.512
Quarterly Revenue Growth
0.637
Return On Assets
(0.06)
Return On Equity
(0.15)
The market value of Mind Technology is measured differently than its book value, which is the value of Mind that is recorded on the company's balance sheet. Investors also form their own opinion of Mind Technology's value that differs from its market value or its book value, called intrinsic value, which is Mind Technology's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Mind Technology's market value can be influenced by many factors that don't directly affect Mind Technology's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Mind Technology's value and its price as these two are different measures arrived at by different means. Investors typically determine if Mind Technology is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Mind Technology's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.