Mitcham Industries Inc. (NASDAQ:MIND) went down by -10.19% during the previous trading session, and it is maintaining the win ahead of Wednesday’s trading session. The share price of the Scientific & Technical Instruments giant went up by $1.85 to trade ended Wednesday trading at $2.06. This is down from the $25.735 price recorded on Tuesday’s trading session. Thanks to this latest performance, MIND is closer to the higher price 52-week target of $2.00 and further from the lowest price target of $2.00. Its performance from the start of the year has also been negative, with MIND down by -35.54% year-to-date.
Mitcham Industries Inc. (MIND) started the day trading at $25.74 and recorded an intraday high of $25.74. It also recorded an intraday low of $25.74 during Wednesday’s trading session. Mitcham Industries Inc. is a very active stock that recorded a trading volume that is less than -25.88% of the average daily trading volume on Wednesday. The stock’s trading volume on Wednesday was 145175, which is less than -25.88 of the total average daily trading volume of 182.75K.
Mitcham Industries Inc. (NASDAQ:MIND) 2020 Performance Impressive
The increase in MIND’s stock price on Wednesday saw its overall performance boost over the past few months. We can quantify the performance of the stock so far this year using a few metrics. The 52-week high price of MIND currently stands at $4.42, which is higher than the current trading price of the stock by 58.14%. However, MIND’s current trading price is -164.29% lower than the 52-week low price of $0.70. In terms of trading volume, Mitcham Industries Inc. currently experienced healthy participation during the last trading session. 145175 shares of Mitcham Industries Inc. were traded on the stock exchange on Wednesday, which is less than -25.88% of the 182.75K average trading volume of the stock.
The performance of the stock has been positive over the past year. MIND’s performance over the past one year has seen it plunge by -52.44%, while the stock has gone down by -33.21% in the last six months. The quarterly performance of MIND currently stands at 63.72%, and it is down by 0.00% in the last month. The only negative figure was from the weekly performance, which currently reads -12.74%. At the time of writing MIND’s report, the company has a total market cap of $22.79M, making it one of the largest publicly-traded companies in the world.Mitcham Industries Inc. also has over 232 employees all over the world.
MIND Insider Activities
For Mitcham Industries Inc., insiders hold 72.80% of all company shares. The insider transactions over the past six months are down by -0.40%. During that period, insiders bought 0 shares in 0 transactions. In that same period, insiders sold 0 of their shares in 0 transactions. After these transactions, insiders at Mitcham Industries Inc. now hold 694.63k shares, which is over 71.68% of the total company stocks. Institutional investors currently hold a large chunk of the MIND shares, as they control 5.70% of the company’s total stock.
MIND Fundamental Analysis
For Mitcham Industries Inc., the stock’s diluted earnings per share (EPS) stands at -1.45. The EPS growth will up over the next five years to 15.00% after plunging by -8.30% in the previous five years. In terms of revenue, Mitcham Industries Inc.’s quarterly sales (YOY) is shrinking at -0.38, which is higher than the average annual revenue of -8.30% over the past half a decade.
The Return on Investment (ROI) on Mitcham Industries Inc.’s stock currently stands at -23.60%, and it has a net profit margin of 0.00%. The gross margin of the company is 37.50%.
MIND Analysts Prediction
The Global Hunter Securities has a Accumulate rating for Mitcham Industries Inc., predicting the stock price to stay between $17 and $15. Another analyst that has a Buy rating for MIND is Global Hunter Securities, which set a price target of between $22 and $25. Global Hunter Securities reiterate their Buy position on the stock ($18 and $22) and Global Hunter Securities also reiterate their Buy position on the stock ($13 and $18).
Analysts at CapitalOne southcoast believe that MIND is Add, and they have a price target of between $6 and $7.
MIND Technical Analysis
The Simple Moving Average (SMA) is one of the most powerful technical indicators. The 20-day Simple Moving Average of MIND currently stands at -2.30%, while the SMA50 is 39.57%. The biggest one is the SMA200, which is currently reading -15.10% ahead of Wednesday’s trading session. The Relative Strength Index of this stock is 53.50.
