How to Buy Mind Technology Stock
Mind Technology Inc
MIND Technology, Inc. , together with its subsidiaries, provides technology to the oceanographic, hydrographic, defense, seismic, and maritime security industries.
Mind Technology stock last closed at $3.79, down 1.81% from the previous day, and has decreased 20.01% in one year. It has underperformed other stocks in the Scientific & Technical Instruments industry by 0.45 percentage points. Mind Technology stock is currently +24.26% from its 52-week low of $3.05, and -51.6% from its 52-week high of $7.83.
As of Oct 3, 2024, there are 1.41M shares of MIND outstanding. The market value of MIND is $5.33M. In the last 24 hours, 34,098 MIND shares were traded.
How to Buy Mind Technology Stock
Not sure how to invest in Mind Technology stock? Here's how.
- Decide where to buy Mind Technology stock: You need to pick an online brokerage, but don't worry - we've analyzed dozens of online brokerages and apps to help you choose where to buy Mind Technology stock.
- Open your brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've identified.
- Put funds into your investment account: Pick your method of payment and add your information.
- Evaluate Mind Technology stock: The Mind Technology ticker symbol is MIND. Is Mind Technology stock a good investment? Should you buy shares of MIND? How do MIND's underlying business fundamentals look? Do top analysts think Mind Technology is a good buy? Why has MIND's stock price moved recently? (Hint: Our stock market research tools can help you understand if MIND is a good stock to buy).
- Make your MIND purchase: Decide if you will purchase MIND shares at the current market price or use a limit order to buy MIND stock at a given price.
- Keep tabs on your investment in MIND: Create a watchlist to key updates about your investment in Mind Technology shares.
Step 1: Decide where to buy Mind Technology stock
You will need a brokerage account in order to access the NASDAQ market and buy MIND shares.
Our preferred brokerage: eToro
Based on our research, eToro is the best place to buy stocks. eToro gives you:
- You can invest in stocks with zero commissions: Invest without paying trading commissions.
- Buy fractional shares: Even if you don't have the money to buy a full share, you can still invest in the stock.
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- Social investing: eToro boasts a community with more than 20 million users around the world. Talk to, learn from, and copy the crypto trades of other investors.
- Security: eToro is a regulated and licensed fintech leader.
- Buy other assets: Such as ETFs and cryptocurrencies.
Get $10 towards your stock purchase by signing up for an account with eToro today.
Open eToro AccountStep 2: Open your brokerage account
Now that you've chosen your brokerage, the next step is to fill out some personal info so you are able to buy MIND stock today.
How to Open a New Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Provide your personal info to open your new brokerage account.
- Submit your information by hitting the "Create Account" button. Get started with eToro today
Step 3: Put funds into your investment account
Now that you've opened your account on investing apps, you can securely and quickly fund your account:
Check out the video below for more details depositing money into your new brokerage account.
Step 4: Evaluate Mind Technology stock
Once you have figured out the best place to buy Mind Technology stock, it's crucial to analyze their stock prior to investing, so you can comprehend the risk and upside.
Mind Technology stock at a glance
MIND Overview
WallStreetZen was designed to help everyday investors perform more accurate fundamental analysis in minutes instead of hours.
You can see all of the due diligence checks on MIND's stock page.
How is MIND stock valued?
You can use many financial metrics, analyses, models, and charts to gauge MIND's intrinsic value.
Using relative valuations ratios:
- MIND could be undervalued based on its P/B ratio of 0.22x, relative to Scientific & Technical Instruments industry P/B ratio of 3.37x
You can do more valuation analysis on MIND's stock here.
MIND Financial Summary
Positive Financial Indicators:
- MIND profit margin has gone up from -33.3% to -0.1% in the past year.
- There are more short-term assets than long-term liabilities on the MIND balance sheet.
- MIND has $1.90M in cash and short term investments. This is sufficient to cover its annual cash burn of $5.40M.
- There are more short-term assets than short-term liabilities on the MIND balance sheet.
Negative Financial Indicators:
- MIND has a relatively high debt to equity ratio of 0.55.
- Total MIND debt is higher than 5 years ago, relative to shareholder equity.
- MIND has cash burn of 5398000. It does not have enough cash and short-term investments to cover this.
MIND Momentum
MIND Revenue
Last year, MIND revenue was $38.07M. In the past five year, MIND's revenue has gone up by -2.7% per year. This was slower than the Scientific & Technical Instruments industry average of 9.36%.
Find out more about MIND's earnings and revenue performance here.
What are MIND insiders up to?
Over the last year, insiders at MIND have not bought or sold any shares.
Get more info about who owns MIND stock here.
Does MIND provide a stable income stream?
No, Mind Technology doesn't provide an income stream by paying out dividends.
Get analysis from other investors
One of the primary reasons eToro is our favorite brokerage is because of its social trading community.
Click below to see what other traders have to say.
Step 5: Make your MIND purchase
There are two primary order types:
- Market order: A market order is an order to buy or sell a security at the best price on the market.
Market orders are mostly the best for newer investors. - Limit order: A limit order enables you to buy or sell a security at a specific price (or better).
If you want to ensure you're buying or selling at a given price, use a limit order.
Hit the Open button and eToro will place the order.
If you need additional help buying stocks on eToro, click the how to video below:
Step 6: Keep tabs on your investment in MIND
Now that you own some MIND stock, you'll want to keep up with your new investment.
Put MIND on a watchlist to get notified of important updates regarding your MIND stock.
MIND Feed
How to Buy Stock in Mind Technology
To summarize, here are the 6 steps you need to take to buy Mind Technology stock right now:
- Decide where to buy Mind Technology stock
- Open your brokerage account
- Put funds into your investment account
- Evaluate Mind Technology stock
- Make your MIND purchase
- Keep tabs on your investment in MIND
If you require a brokerage account, eToro is our recommended venue.
Get Started with eToro TodayIf you would like to get notifications regarding your new investment in Mind Technology, get started below.
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