MMED.NE
Price:
$14.9
Market Cap:
$948.19M
Mind Medicine (MindMed) Inc., a clinical stage biopharmaceutical company, develops novel products to treat brain health disorders related to psychiatry, addiction, pain, and neurology. The company develops MM-120, which is in phase 2 for the treatment of generalized anxiety disorder and attention deficit hyperactivity disorder, as well as for the treatment of chronic pain; and MM-110, an a3ß4 nicotinic cholinergic receptor antagonist that has completed phase 1 for the treatment of opioid withdrawal. It also develops MM-402, a R-enantiomer of 3,4-methylenedioxymethamphetamine for the treatment of core symptoms of autism spectrum disorder. The company is headquartered in New York, New York.
Industry
Biotechnology
IPO Date
2020-03-03
Stock Exchange
NEO
Ticker
MMED.NE
According to Mind Medicine (MindMed) Inc.’s latest financial reports and current stock price. The company's current Current Ratio is 3.30. This represents a change of -42.12% compared to the average of 5.70 of the last 4 quarters.
The mean historical Current Ratio of Mind Medicine (MindMed) Inc. over the last ten years is 14.65. The current 3.30 Current Ratio has changed 2.15% with respect to the historical average. Over the past ten years (40 quarters), MMED.NE's Current Ratio was at its highest in in the February 2017 quarter at 46.45. The Current Ratio was at its lowest in in the November 2018 quarter at 0.59.
Average
14.65
Median
13.97
Minimum
1.80
Maximum
27.10
Discovering the peaks and valleys of Mind Medicine (MindMed) Inc. Current Ratio, unveiling quarterly and yearly fluctuations to gain insights into the company’s financial performance and market dynamics, offering valuable data for investors and analysts alike.
Maximum Annual Increase = 1.12%
Maximum Annual Current Ratio = 27.10
Minimum Annual Increase = -92.75%
Minimum Annual Current Ratio = 1.80
| Year | Current Ratio | Change |
|---|---|---|
| 2024 | 7.25 | 125.04% |
| 2023 | 3.22 | -60.54% |
| 2022 | 8.16 | -38.08% |
| 2021 | 13.18 | -51.35% |
| 2020 | 27.10 | 83.59% |
| 2019 | 14.76 | -38.84% |
| 2018 | 24.14 | 9.58% |
| 2017 | 22.03 | 1.12% |
| 2016 | 1.80 | -92.75% |
The current Current Ratio of Mind Medicine (MindMed) Inc. (MMED.NE) is less than than its 3-year, less than than its 5-year, and less than than its 10-year historical averages
3-year avg
6.21
5-year avg
11.78
10-year avg
14.65
Mind Medicine (MindMed) Inc.’s Current Ratio is greater than TerrAscend Corp. (1.56), greater than Oncolytics Biotech Inc. (1.84), greater than Neighbourly Pharmacy Inc. (1.22), greater than IntelGenx Technologies Corp. (0.41), greater than Aeterna Zentaris Inc. (2.98), greater than MYND Life Sciences Inc. (0.14), less than Satellos Bioscience Inc. (11.13), greater than Tetra Bio-Pharma Inc. (0.81), greater than Tryp Therapeutics Inc. (0.24), greater than ProMIS Neurosciences, Inc. (1.76),
| Company | Current Ratio | Market cap |
|---|---|---|
| 1.56 | $804.79M | |
| 1.84 | $142.25M | |
| 1.22 | $835.48M | |
| 0.41 | $41.92M | |
| 2.98 | $25.38M | |
| 0.14 | $3.35M | |
| 11.13 | $63.16M | |
| 0.81 | $10.58M | |
| 0.24 | $5.79M | |
| 1.76 | $51.48M |
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