MIND Stock Summary and Trading Ideas (Mind Technology | NASDAQ:MIND)

MIND Technology Inc provides technology and solutions for exploration, survey, and defense applications in oceanographic, hydrographic, defense, seismic, and security industries. The Company operates in segments namely, Seamap Marine Products and Klein Marine Products helps manufacture and sell specialized, high-performance sonar and seismic equipment. The company generates more revenue from Seamap Marine Products. The company's geographical segments include the United States; Europe, Russia & CIS; Middle East & Africa; Asia-Pacific; and Canada & Latin America.

Mind Technology trades on the NASDAQ stock market under the symbol MIND.

As of April 18, 2024, MIND stock price was flat at $4.07 with 655 million shares trading.

MIND has a market cap of $5.72 million. This is considered a Sub-Micro Cap stock.

Last quarter Mind Technology reported $5 million in Revenue and -$1.89 earnings per share. This fell short of revenue expectation by $-6 million and missed earnings estimates by -$1.69.

In the last 3 years, MIND stock traded as high as $24.50 and as low as $3.70.

The top ETF exchange traded funds that MIND belongs to (by Net Assets): VXF.

MIND has underperformed the market in the last year with a price return of -33.3% while the SPY ETF gained +22.3%. MIND has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -28.6% and -17.0%, respectively, while the SPY returned +6.1% and -3.8%, respectively.

MIND support price is $3.81 and resistance is $4.33 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that MIND stock will trade within this expected range on the day.