Mainz Biomed N.V. (NASDAQ:MYNZ) shares, rose in value on Friday, October 11, with the stock price up by 3.15% to the previous day’s close as strong demand from buyers drove the stock to $0.33.
Actively observing the price movement in the recent trading, the stock is buoying the session at $0.32, falling within a range of $0.33 and $0.345. The value of beta (5-year monthly) is 0.088. Referring to stock’s 52-week performance, its high was $3.39, and the low was $0.19. On the whole, MYNZ has fluctuated by 4.24% over the past month.
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With the market capitalization of Mainz Biomed N.V. currently standing at about $7.31 million, investors are eagerly awaiting this quarter’s results, scheduled for on 2024-Jul-15.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 1.2M, with a low estimate of 200k and a high estimate of 250k. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 220k.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that MYNZ’s technical picture suggests that short-term indicators denote the stock is a 50% Sell on average. However, medium-term indicators have put the stock in the category of 50% Sell while long-term indicators on average have been pointing out that it is a 100% Sell.
The price of MYNZ currently trading nearly 27.63% and 6.45% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 56.73, while the 7-day volatility ratio is showing 22.50% which for the 30-day chart, stands at 16.82%. Furthermore, Mainz Biomed N.V. (MYNZ)’s beta value is 0.07, and its average true range (ATR) is 0.05.
A comparison of Mainz Biomed N.V. (MYNZ) with its peers suggests the former has fared considerably weaker in the market. MYNZ showed an intraday change of 3.15% in today’s session so far, and over the past year, it shrunk by -86.08%%.
Data on historical trading for Mainz Biomed N.V. (NASDAQ:MYNZ) indicates that the trading volumes over the past 10 days have averaged 2.69 and over the past 3 months, they’ve averaged 1.79 million. According to company’s latest data on outstanding shares, there are 21.17 million shares outstanding.
Nearly 21.63% of Mainz Biomed N.V.’s shares belong to company insiders and institutional investors own 0.47% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 2.27 million shares as on 2024-09-30, resulting in a short ratio of 0.99. According to the data, the short interest in Mainz Biomed N.V. (MYNZ) stood at 1237.00 of shares outstanding as of 2024-09-30; the number of short shares registered in 2024-08-30 reached 0.41 million. The stock has fallen by -71.21% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the MYNZ stock heading into the next quarter.
