Mind Medicine (MindMed) Inc.

Mind Medicine (MindMed) Inc.verified

MMED.NE

Price:

$14.9

Market Cap:

$774.91M

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.[Read more]

Industry

Biotechnology

IPO Date

2020-03-03

Stock Exchange

NEO

Ticker

MMED.NE

The Current Ratio as of September 2024 (TTM) for Mind Medicine (MindMed) Inc. (MMED.NE) is 3.91

According to Mind Medicine (MindMed) Inc.’s latest financial reports and current stock price. The company's current Current Ratio is 3.91. This represents a change of 8.72% compared to the average of 3.60 of the last 4 quarters.

Mind Medicine (MindMed) Inc. (MMED.NE) Historical Current Ratio (quarterly & annually)

How has MMED.NE Current Ratio performed in the past?

The mean historical Current Ratio of Mind Medicine (MindMed) Inc. over the last ten years is 11.02. The current 3.91 Current Ratio has changed 3.45% 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 December 2020 quarter at 27.10. The Current Ratio was at its lowest in in the September 2019 quarter at 0.

Quarterly (TTM)
Annual

Average

11.02

Median

8.16

Minimum

3.22

Maximum

27.10

Mind Medicine (MindMed) Inc. (MMED.NE) Current Ratio by Quarter and Year

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 = 688.85%

Maximum Annual Current Ratio = 27.10

Minimum Annual Increase = -60.54%

Minimum Annual Current Ratio = 3.22

Quarterly (TTM)
Annual
YearCurrent RatioChange
20233.22-60.54%
20228.16-38.08%
202113.18-51.35%
202027.10688.85%

Mind Medicine (MindMed) Inc. (MMED.NE) Average Current Ratio

How has MMED.NE Current Ratio performed in the past?

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

8.19

5-year avg

11.02

10-year avg

11.02

Mind Medicine (MindMed) Inc. (MMED.NE) Current Ratio vs. Peers

How is MMED.NE’s Current Ratio compared to its peers?

Mind Medicine (MindMed) Inc.’s Current Ratio is less than Red Light Holland Corp. (5.10), less than Cybin Inc. (41.70), less than Drone Delivery Canada Corp. (4.25), greater than CloudMD Software & Services Inc. (0.77), less than HIVE Blockchain Technologies Ltd. (7.35),

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