MIND Technology (MIND) Stock Price, News & Analysis

Company Overview

MIND Technology, Inc., together with its subsidiaries, provides technology to the oceanographic, hydrographic, defense, seismic, and maritime security industries worldwide. Its primary products include the GunLink seismic source acquisition and control systems that provide operators of marine seismic surveys with precise monitoring and control of energy sources; the BuoyLink RGPS tracking system, which is used to offer precise positioning of marine seismic energy sources and streamers; Sleeve Gun energy sources; SeaLink towed seismic streamer system; and Sea Serpent line of passive sonar arrays for maritime security and anti-submarine warfare applications. The company also provides streamer weight collars, depth and pressure transducers, air control valves, and source array systems; spare and replacement parts; and repair and engineering services, training and field service operations, and umbilical terminations. The company was formerly known as Mitcham Industries, Inc. MIND Technology, Inc. was incorporated in 1987 and is headquartered in The Woodlands, Texas.

Key Stats

• Today's Range: $7.47 to $8.18
• 50-Day Range: $3.55 to $7.60
• 52-Week Range: $3.05 to $8.18
• Volume: 1.10 million shs
• Average Volume: 330,451 shs
• Market Capitalization: $10.72 million
• P/E Ratio: 2.44
• Dividend Yield: N/A
• Price Target: N/A
• Consensus Rating: N/A

MIND Technology Stock Analysis - MarketRank™

MIND Technology scored higher than 13% of companies evaluated by MarketBeat, and ranked 298th out of 333 stocks in the business services sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: N/A
• Analyst Rating: N/A

Consensus Rating

There is not enough analysis data for MIND Technology.

Earnings and Valuation

• Score: 1.3 / 5
• Proj. Earnings Growth: N/A

Price to Earnings Ratio vs. the Market

The P/E ratio of MIND Technology is 2.44, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 113.44.

Price to Earnings Ratio vs. Sector

The P/E ratio of MIND Technology is 2.44, which means that it is trading at a less expensive P/E ratio than the Business Services sector average P/E ratio of about 28.29.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

0.29% of the float of MIND Technology has been sold short.

Short Interest Ratio / Days to Cover

MIND Technology has a short interest ratio ("days to cover") of 0.3, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in MIND Technology has recently increased by 3.18%, indicating that investor sentiment is decreasing.

Dividend

• Score: 0.8 / 5
• Dividend Strength: Weak

Dividend Yield

MIND Technology does not currently pay a dividend.

Dividend Growth

MIND Technology does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of MIND Technology is 72.35%. This payout ratio is at a healthy, sustainable level, below 75%.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

0.29% of the float of MIND Technology has been sold short.

Short Interest Ratio / Days to Cover

MIND Technology has a short interest ratio ("days to cover") of 0.3, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in MIND Technology has recently increased by 3.18%, indicating that investor sentiment is decreasing.

News and Social Media

• Score: 1.6 / 5
• News Sentiment: -0.21

News Sentiment

MIND Technology has a news sentiment score of -0.21. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.59 average news sentiment score of Business Services companies.

News Coverage This Week

MarketBeat has tracked 2 news articles for MIND Technology this week, compared to 6 articles on an average week.

Search Interest

3 people have searched for MIND on MarketBeat in the last 30 days. This is an increase of 50% compared to the previous 30 days.

Company Ownership

• Score: 0.0 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, MIND Technology insiders have not sold or bought any company stock.

Percentage Held by Insiders

Only 2.45% of the stock of MIND Technology is held by insiders.

Percentage Held by Institutions

Only 9.83% of the stock of MIND Technology is held by institutions.

MIND Stock Analysis - Frequently Asked Questions

How have MIND shares performed this year?

MIND Technology's stock was trading at $6.59 at the beginning of the year. Since then, MIND shares have increased by 15.3% and is now trading at $7.60.
View the best growth stocks for 2024 here.

How were MIND Technology's earnings last quarter?

MIND Technology, Inc. (NASDAQ:MIND) announced its earnings results on Wednesday, September, 11th. The company reported ($0.11) EPS for the quarter, missing analysts' consensus estimates of $0.02 by $0.13. The firm earned $10.04 million during the quarter. MIND Technology had a negative trailing twelve-month return on equity of 31.95% and a net margin of 9.92%.

When did MIND Technology's stock split?

MIND Technology's stock reverse split on the morning of Friday, October 13th 2023. The 1-10 reverse split was announced on Friday, October 13th 2023. The number of shares owned by shareholders was adjusted after the market closes on Friday, October 13th 2023. An investor that had 100 shares of stock prior to the reverse split would have 10 shares after the split.

Who are MIND Technology's major shareholders?

Top institutional investors of MIND Technology include Virtu Financial LLC (0.79%).
View institutional ownership trends.

How do I buy shares of MIND Technology?

Shares of MIND stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of MIND Technology own?

Based on aggregate information from My MarketBeat watchlists, some other companies that MIND Technology investors own include Sangamo Therapeutics (SGMO), Avino Silver & Gold Mines (ASM), Avino Silver & Gold Mines (ASM), Advanced Micro Devices (AMD), Athenex (ATNX), Alkaline Water (WTER) and B2Gold (BTG).

Company Calendar

• Last Earnings: 9/11/2024
• Today: 12/21/2024
• Fiscal Year End: 1/31/2025

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Business Services
• Industry: Search & navigation equipment
• Sub-Industry: N/A
• Current Symbol: NASDAQ:MIND
• CUSIP: N/A
• CIK: 926423
• Web: www.mitchamindustries.com
• Phone: (281) 353-4475
• Fax: 936-295-1922
• Employees: 145
• Year Founded: N/A

Profitability

• EPS (Most Recent Fiscal Year): $3.11
• Trailing P/E Ratio: 2.44
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: $270,000.00
• Net Margins: 9.92%
• Pretax Margin: 8.70%
• Return on Equity: -31.95%
• Return on Assets: 12.81%

Debt

• Debt-to-Equity Ratio: N/A
• Current Ratio: 2.64
• Quick Ratio: 1.10

Sales & Book Value

• Annual Sales: $45.20 million
• Price / Sales: 0.24
• Cash Flow: $0.37 per share
• Price / Cash Flow: 20.34
• Book Value: ($10.77) per share
• Price / Book: -0.71

Miscellaneous

• Outstanding Shares: 1,406,000
• Free Float: 1,372,000
• Market Cap: $10.69 million
• Optionable: No Data
• Beta: 1.18