MIRA Pharmaceuticals (NASDAQ:MIRA) Rating Lowered to Sell at Wall Street Zen
Wall Street Zen downgraded MIRA Pharmaceuticals (NASDAQ:MIRA) from "hold" to "sell". Weiss Ratings also reiterated a "sell" rating. MIRA's stock opened at $1.39 with a market cap of $58.21 million. Analysts expect a -0.6 EPS for the fiscal year. Institutional investors have adjusted their holdings, with 35.16% owned by them. MIRA operates as a pre-clinical-stage pharmaceutical company focusing on neurologic disorders. Despite the sell rating, analysts suggest other stocks as better investments.
MIRA Pharmaceuticals (NASDAQ:MIRA - Get Free Report) was downgraded by analysts at Wall Street Zen from a "hold" rating to a "sell" rating in a research note issued to investors on Saturday.
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Separately, Weiss Ratings restated a "sell (e+)" rating on shares of MIRA Pharmaceuticals in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company has an average rating of "Sell".
Read Our Latest Stock Report on MIRA
MIRA Pharmaceuticals Price Performance
MIRA stock opened at $1.39 on Friday. The stock has a market capitalization of $58.21 million, a price-to-earnings ratio of -0.91 and a beta of 1.72. The company has a 50-day moving average of $1.42 and a two-hundred day moving average of $1.40. MIRA Pharmaceuticals has a 52-week low of $0.73 and a 52-week high of $2.45.
MIRA Pharmaceuticals (NASDAQ:MIRA - Get Free Report) last posted its quarterly earnings data on Thursday, November 13th. The company reported ($1.18) earnings per share for the quarter, missing the consensus estimate of ($0.11) by ($1.07). Equities analysts expect that MIRA Pharmaceuticals will post -0.6 EPS for the current fiscal year.
Institutional Inflows and Outflows
Large investors have recently modified their holdings of the company. International Assets Investment Management LLC acquired a new stake in MIRA Pharmaceuticals during the second quarter worth $42,000. Two Sigma Investments LP lifted its holdings in shares of MIRA Pharmaceuticals by 129.8% during the 3rd quarter. Two Sigma Investments LP now owns 45,703 shares of the company's stock worth $62,000 after acquiring an additional 25,816 shares during the period. XTX Topco Ltd acquired a new stake in shares of MIRA Pharmaceuticals during the 2nd quarter valued at about $26,000. Creative Planning bought a new stake in MIRA Pharmaceuticals in the second quarter valued at about $27,000. Finally, First American Bank raised its position in MIRA Pharmaceuticals by 150.0% in the third quarter. First American Bank now owns 50,000 shares of the company's stock worth $68,000 after purchasing an additional 30,000 shares in the last quarter. 35.16% of the stock is currently owned by institutional investors and hedge funds.
About MIRA Pharmaceuticals
(Get Free Report)MIRA Pharmaceuticals, Inc operates as a pre-clinical-stage pharmaceutical development company with two neuroscience programs targeting a range of neurologic and neuropsychiatric disorders. The company holds exclusive U.S., Canadian, and Mexican rights for Ketamir-2, a patent pending oral ketamine analog under investigation to deliver ultra-rapid antidepressant effects for individuals battling treatment-resistant depression, major depressive disorder with suicidal ideation, and post-traumatic stress disorder.
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