Mitcham Industries Inc. (MIND): Time to Buy this stock

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Mitcham Industries Inc. (NASDAQ:MIND) changes shares on Monday trading session, with a change of 11.62% or $0.23 shares. The trading starts at $2.05 and closed at $1.98 throughout the day. The trading session low price was $2.00 and day high was $2.6184 on Monday, June 15. After the session, the Technology sector daily volume shifted to 0.77 million while its average volume is 170.69K. In other hand, the MIND market cap reached to $24.88M. While, its current target price is $2.21 according to WSJ.

Checking out the performance report which defines the increase or decrease of prices for a specific period. For the last 5 trading sessions, its performance is up 5.74% and up 183.33% for month. Its quarterly performance was 79.67% above, while its half year performance is down -19.64%. MIND yearly performance stood at negative -44.05% and fall -23.00% for year-to-date. Current recommendation for Mitcham Industries Inc. is 3.00.

Earnings per share or EPS is an important financial measure, which defines the profitability of a company. MIND EPS (TTM) for 12-month is -1.45. EPS for this year is 38.30%. Its EPS Q/Q reached -148.40%. It has an EPS of -8.30% down for past five years and for the next five years will be up 15.00%.

Let’s take a look on the analyst recommendations on MIND for the current month and previous month. For the current month, 0 of 1 analysts recommend stock as Buy while 0 as Sell, 0 as overweight, 0 as underweight and 1 as Hold. As compared with the previous month ratings, 0 analysts participate in stock recommendation. Out of 0, 0 rated it sell, 0 rated it as Buy and 0 as Hold Ratings. On the other hand, target price ranges from $2.00-$2.00. Average target price for MIND was reached at $2.00.

Ariel Investments, LLC, Wasatch Advisors Inc and Dimensional Fund Advisors LP are the top three holders in Mitcham Industries Inc. (MIND) stock. On Mar 30, 2020, Ariel Investments, LLC has 2.91 million shares which valued 3.64 million. On Mar 30, 2020, Wasatch Advisors Inc owned 1.07 million shares which valued at 1.34 million. On Mar 30, 2020, Dimensional Fund Advisors LP has a total of 0.89 million shares which valued at 1.11 million. In the end, Dimensional Fund Advisors LP have 7.30% shares outstanding of Mitcham Industries Inc. (MIND) on Mar 30, 2020. The insider ownership moved to 0.20% and institutional holding shifted to 72.80%.

The company posted an EPS (TTM) of -1.45. According to the most recent quarter report on (Jul 2020), 1 analysts estimated an average EPS of -0.38, while -0.3 EPS posted a year ago period. Analyst Estimated EPS for MIND published in the report was -0.38–0.38 during the same period. Comparing with last year, the average estimated EPS was -0.3 which is higher than -0.38 which was posted for recent quarter EPS.

A brief look on simple moving average (SMA) that determines the market price can impact a market. The SMA for MIND fall -0.77% for period of 200 days. SMA for 50 days was 92.06% which is showing green signal, while SMA-20 was 46.55%. The moving average value for Mitcham Industries Inc. (MIND) is 1.9619 and 1.2903 for 200 and 50 days respectively.

Let’s take a look on the insider transactions, in which multiple shareholders are showing interest in MIND stock. On Dec 19, Albers Robert John, Director, sold 3,000 trading shares at the cost of $2.64, which valued at 7920.0. On Oct 31, BLUM PETER H, Director, bought 5,304 shares at the cost of $2.19, with total shares of 521,528. On Oct 18, BLUM PETER H, Director, bought 9,000 shares at the cost of 2.58. After this transaction, BLUM PETER H total shares reached to 516,224 which valued at 23220.0.