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Stock impact report

Assessing Mind Medicine (MNMD) Valuation After A Strong Year Of Share Price Momentum [Yahoo! Finance]

Denium Therapeutics, Inc - Common Shares (MNMD) 
Company Research Source: Yahoo! Finance
See our latest analysis for Mind Medicine (MindMed). The recent 10.45% 1 month share price return and 13.95% 3 month share price return have come alongside a much stronger 77.37% 1 year total shareholder return, suggesting momentum has been building over a longer window. If MindMed's move has caught your attention, it could be a good moment to scan other healthcare names, starting with healthcare stocks With shares up sharply over the past year and trading at a large discount to a US$28.67 analyst target and intrinsic estimates, you now have to ask: is MindMed undervalued, or is the market already pricing in future growth? On a P/B basis, MindMed trades at 10.3x, while the last close was US$13.64. That puts it well above typical US pharma valuations. The P/B ratio compares a company's market value to its book value, which is essentially net assets on the balance sheet. For early stage biopharma names with little or no revenue, investors often lean on P/B because earnings ba Show less Read more
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