Overview
Mind Medicine (MindMed) Inc. is a biopharmaceutical company headquartered in New York, USA, focusing on the development of psychedelic-inspired therapies. Established with a vision to address the growing need for innovative mental health treatment options, MindMed is actively engaged in the clinical development of compounds with psychedelic substances like LSD, MDMA, DMT, and an ibogaine derivative, 18-MC. The company's pipeline primarily targets treatment solutions for mental health issues such as anxiety, addiction, and adult ADHD. Among its key projects, MindMed is advancing trials on LSD-experiential therapy for anxiety and an MDMA-like molecule for PTSD, positioning itself as a pioneer in neuropsychiatry by exploring the therapeutic potential of psychedelics in controlled settings.
Basic Stats
The share price of Mind Medicine (MindMed) Inc. as of September 5, 2025 is $9.21 / share. This is an increase of 3.72% from the prior week. The market cap (or net worth) of Mind Medicine (MindMed) Inc. as of September 5, 2025 is $698.15 MM.
The Factor Analysis chart (below right) shows a view of Mind Medicine (MindMed) Inc. from a variety of lenses. Each factor shows how well the company ranks against all other companies in the Fintel global investing universe. Factor scores range from zero to 100, with 100 being most desirable, and 50 being average.
For example, a company with a Value Score of 100 would be the most undervalued company in our database. A company with a Value Score of zero would be the most overvalued.
| Market Cap | 698.15 MM |
| EV | 705.95 MM |
| Shares Out. | 75.80 MM |
| Earnings Date | |
| EPS (TTM) | -1.51 |
| Dividend Yield | |
| Ex-Dividend Date | |
| Borrow Rate | 0.54 |
| Short Shares Avail. | 0.60 MM |
| Short Interest | 10.29 MM |
| Short Float | 14.65 % |
| Days to Cover | 12.50 days |
| Risk Free Rate | 4.17 % |
| Price Change (1 yr) | 50.12 % |
| Volatility (1 yr) | 0.76 |
| Beta | 2.03 |
| Sharpe Ratio (1 yr) | 0.60 |
| Sortino Ratio (1 yr) | 1.10 |
| PE Ratio | -6.10 |
| Price/Book | 3.77 |
| Price/TBV | 4.22 |
| Book/Market | 0.27 |
| EBIT/EV | -0.16 |
| EBIT(3yr avg)/EV | -0.14 |
| ROA | -0.43 |
| ROE | -0.57 |
| ROIC | -0.51 |
| CROIC | -0.93 |
| OCROIC | -0.45 |
| Implied Volatility | 59.13 % |
| Put/Call OI Ratio | 0.30 |
Factor Scores range from 0 to 100, with 100 being most desirable. Larger circles are better. In situations where we have no data (e.g. no insider trades), we plot the score at 50 to avoid penalizing companies. However, a company that does not pay dividends will get a Dividend Score of Zero. Additionally, we inverted volatility to create a "stability" metric which is better when higher.
Price Target
The average one-year price target for Mind Medicine (MindMed) Inc. is $22.10. The forecasts range from a low of $16.16 to a high of $37.80. A stock’s price target is the price at which analysts consider it fairly valued with respect to its projected earnings and historical earnings. Analysts typically set price targets that correspond to their buy or sell recommendations.
Update Frequency: Monthly
Stock Upgrades/Downgrades
This card shows analyst upgrades/downgrades for Mind Medicine (MindMed) Inc.. An analyst rating is a classification that gives investors a sense of analyst sentiment about the direction and performance of an equity - usually a stock - over a period of time, typically 12 months.
The standard analyst ratings are generally as follows:
- Buy/Overweight/Outperform - Any of these ratings conveys an analyst’s belief that the stock is likely to outperform a market index (e.g. the S&P 500).
- Hold/Equal-Weight/Market Perform - Any of these ratings conveys an analyst’s belief that the stock is likely to perform in line with a market index.
- Sell/Underweight/Underperform - Any of these ratings suggest that an analyst believes the stock is likely to underperform a market index.
When an analyst upgrades a stock, they are signaling that the company’s fundamentals are being undervalued by investors. It could also mean they believe the market is underestimating the company’s potential. The opposite is true when a stock receives a downgrade.
The average rating of each individual analyst’s rating is the consensus rating for a stock. This gives investors a broader sense of the overall sentiment for that stock.
| Date | Analyst | Prior | Latest Recommendation |
Action |
|---|---|---|---|---|
| 2023-08-04 | EF Hutton | Buy | Buy | Reiterate |
| 2023-10-23 | RBC Capital | Outperform | Outperform | Reiterate |
| 2023-08-04 | RBC Capital | Outperform | Outperform | Maintains |
| 2023-08-04 | HC Wainwright & Co. | Buy | Reiterate | |
| 2024-05-13 | Oppenheimer | Outperform | Outperform | Reiterate |
| 2023-08-22 | Cantor Fitzgerald | Overweight | Overweight | Reiterate |
| 2023-07-10 | RBC Capital | Outperform | Outperform | Reiterate |
| 2023-06-28 | HC Wainwright & Co. | Buy | Buy | Reiterate |
| 2023-06-21 | RBC Capital | Outperform | Outperform | Reiterate |
| 2023-06-20 | EF Hutton | Buy | Buy | Reiterate |
| 2023-05-18 | Cantor Fitzgerald | Overweight | Reiterate | |
| 2023-05-18 | EF Hutton | Buy | Buy | Reiterate |
| 2023-05-09 | HC Wainwright & Co. | Buy | Reiterate | |
| 2023-05-05 | EF Hutton | Buy | Reiterate | |
| 2023-04-18 | HC Wainwright & Co. | Buy | Reiterate | |
| 2023-04-14 | Oppenheimer | Outperform | Reiterate | |
| 2023-04-14 | EF Hutton | Buy | Reiterate | |
| 2023-03-16 | HC Wainwright & Co. | Buy | Reiterate | |
| 2023-03-10 | RBC Capital | Outperform | Reiterate | |
| 2023-03-10 | EF Hutton | Buy | Reiterate | |
| 2023-01-19 | HC Wainwright & Co. | Buy | Reiterate | |
| 2022-12-16 | EF Hutton | Buy | Initiate | |
| 2022-11-16 | RBC Capital | Outperform | Initiate | |
| 2022-09-21 | HC Wainwright & Co. | Buy | Maintains | |
| 2022-08-26 | Oppenheimer | Outperform | Initiate | |
| 2022-08-16 | HC Wainwright & Co. | Buy | Maintains | |
| 2022-05-04 | Roth Capital | Buy | Initiate | |
| 2021-08-05 | HC Wainwright & Co. | Buy | Initiate | |
| 2021-06-28 | Maxim Group | Buy | Initiate | |
| 2024-02-29 | RBC Capital | Outperform | Outperform | Maintains |
| 2024-05-10 | HC Wainwright & Co. | Buy | Buy | Maintains |
| 2024-04-15 | Leerink Partners | Outperform | Initiate | |
| 2024-03-14 | HC Wainwright & Co. | Buy | Buy | Reiterate |
| 2024-03-01 | HC Wainwright & Co. | Buy | Buy | Reiterate |
| 2024-06-05 | RBC Capital | Outperform | Outperform | Reiterate |
| 2024-05-28 | Baird | Outperform | Initiate | |
| 2024-03-07 | Roth MKM | Buy | Buy | Maintains |
| 2024-03-08 | RBC Capital | Outperform | Outperform | Maintains |
| 2024-05-24 | HC Wainwright & Co. | Buy | Buy | Reiterate |
| 2024-06-21 | Cantor Fitzgerald | Overweight | Reiterate | |
| 2024-07-24 | Roth MKM | Buy | Buy | Maintains |
| 2025-01-28 | Evercore ISI Group | Outperform | Initiate | |
| 2024-12-17 | Oppenheimer | Outperform | Outperform | Reiterate |
| 2024-07-31 | HC Wainwright & Co. | Buy | Buy | Reiterate |
| 2024-09-16 | Canaccord Genuity | Buy | Buy | Maintains |
| 2024-08-29 | HC Wainwright & Co. | Buy | Buy | Maintains |
| 2025-01-31 | HC Wainwright & Co. | Buy | Buy | Reiterate |
| 2024-11-11 | HC Wainwright & Co. | Buy | Buy | Reiterate |
| 2025-03-07 | Baird | Outperform | Outperform | Maintains |
| 2025-03-07 | HC Wainwright & Co. | Buy | Buy | Reiterate |
| 2024-12-20 | Chardan Capital | Buy | Initiate | |
| 2025-05-09 | Chardan Capital | Buy | Buy | Maintains |
| 2025-08-01 | Chardan Capital | Buy | Buy | Maintains |
| 2025-08-04 | Oppenheimer | Outperform | Reiterate |
