Why MIND Technology Inc. [MIND] Stock Will Fly to $2.00 Over the Next 12 Months

MIND Technology Inc. [MIND] has traded in a range of $0.70 to $3.33 in the last 1 year. As of this writing, the stock is at $2.58, up 5.39%. To check whether the stock’s short-term amount has a thrust, its good to check stock’s recent movement. Over the last week, MIND shares are 13.43% up with the monthly amount drift of 17.22% and seems well in a long time frame.

On 4, December 2020, MIND Technology, Inc. to Host Earnings Call. According to news published on Yahoo Finance, NEW YORK, NY / ACCESSWIRE / December 4, 2020 / MIND Technology, Inc. (NASDAQ:MIND) will be discussing their earnings results in their 2021 Third Quarter Earnings call to be held on December 4, 2020 at 9:00 AM Eastern Time.

Analyst Birdseye View:

The most recent analyst activity for MIND Technology Inc. [NASDAQ:MIND] stock was on May 19, 2014, when it was Downgrade with a Accumulate rating from Global Hunter Securities, which also lowered its 12-month price target on the stock from $17 to $15. On July 13, 2011, Global Hunter Securities Reiterated a Buy rating and boosted its price target on this stock from $22 to $25. On June 08, 2011, Global Hunter Securities Reiterated a Buy rating and increased its price target from $18 to $22. On April 07, 2011, Global Hunter Securities Upgrade a Buy rating and increased its price target to $18. On September 09, 2009, CapitalOne southcoast Upgrade a Add rating and boosted its amount target on this stock to $7. On May 28, 2008, C.K. Cooper Initiated a Buy rating and boosted its target amount on this stock to $25.

In the past 52 weeks of trading, this stock has oscillated between a low of $0.70 and a peak of $3.33. Right now, the middling Wall Street analyst 12-month amount mark is $2.00. At the most recent market close, shares of MIND Technology Inc. [NASDAQ:MIND] were valued at $2.58.

FUNDAMENTAL ANALYSIS

MIND Technology Inc. [NASDAQ:MIND] most recently reported quarterly sales of 5.09 billion, which represented growth of -25.00%. This publicly-traded organization’s revenue is $183,944 per employee, while its income is -$48,651 per employee. This company’s Gross Margin is currently 38.80%, its Operating Margin is -41.40%, its Pretax Margin is -24.39, and its Net Margin is -26.45. Continuing to look at profitability, this corporation’s Return on Assets, Equity, Whole Principal & invested Principal is sitting at -18.27, -21.64, -18.03 and -21.44 respectively.

The Principal structure of this organization shows its whole liability to whole principal at 4.60 and the whole liability to whole assets at 3.95. It shows enduring liability to the whole principal at 1.92 and enduring liability to assets at 0.02 while looking for an extended time period.

Readers are usually of view to make a close observation to the indicators that support and make resistance before moving to any particular stock. As of now, the company’s stock is sitting at 2.29 points at 1st support level, the second support level is making up to 2.13. But as of 1st resistance point, this stock is sitting at 2.54 and at 2.63 for 2nd resistance point.

MIND Technology Inc. [MIND] reported its earnings at -$0.2 per share in the fiscal quarter closing of 7/30/2020. The Analysts for Wall Street were expecting to report its earnings at -$0.38/share signifying the difference of 0.18 and 47.40% surprise value. Comparing the previous quarter ending of 4/29/2020, the stated earnings were -$0.38 calling estimates for -$0.28/share with the difference of -0.1 depicting the surprise of -35.70%.

Important Ratio’s To Watch

Meanwhile, turning our focus to liquidity, the Current Ratio for MIND Technology Inc. [NASDAQ:MIND] is 4.70. Likewise, the Quick ratio is also the same, showing Cash ratio at 0.38. Now if looking for a valuation of this stock’s amount to sales ratio it’s 0.81 and it’s amount to book ratio is 1.35.

Insider Stories

The most recent insider trade was by Hilarides William Hunter, Director, and it was the purchase of 10000.0 shares on Oct 01. Morris Dennis Patrick, the Chief Operating Officer, completed a purchase of 4000.0 shares on Jul 10. On Jul 09, Morris Dennis Patrick, Chief Operating Officer, completed a purchase of 16000.0 shares.