Bright Minds Biosciences Stock Price on November 6, 2024
| DRUG Stock | USD 38.59 3.26 9.23% |
If you're considering investing in Bright Stock, it is important to understand the factors that can impact its price. As of today, the current price of Bright Minds stands at 38.59, as last reported on the 26th of November, with the highest price reaching 39.42 and the lowest price hitting 35.37 during the day. Bright Minds is out of control given 3 months investment horizon. Bright Minds Biosciences secures Sharpe Ratio (or Efficiency) of 0.15, which signifies that the company had a 0.15% return per unit of risk over the last 3 months. We are able to break down and analyze data for twenty-nine different technical indicators, which can help you to evaluate if expected returns of 18.79% are justified by taking the suggested risk. Use Bright Minds Downside Deviation of 8.42, risk adjusted performance of 0.1159, and Mean Deviation of 49.38 to evaluate company specific risk that cannot be diversified away.
At this time, Bright Minds' Total Stockholder Equity is most likely to increase significantly in the upcoming years. The Bright Minds' current Liabilities And Stockholders Equity is estimated to increase to about 8.8 M, while Common Stock Shares Outstanding is projected to decrease to roughly 2.3 M. . The Bright Minds' current Price Earnings To Growth Ratio is estimated to increase to 0.02, while Price Earnings Ratio is projected to decrease to (1.02). Bright Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Bright |
Sharpe Ratio = 0.1471
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Estimated Market Risk
| 127.71 actual daily | 96 96% of assets are less volatile |
Expected Return
| 5.01 actual daily | 96 96% of assets have lower returns |
Risk-Adjusted Return
| 0.15 actual daily | 11 89% of assets perform better |
Based on monthly moving average Bright Minds is performing at about 11% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Bright Minds by adding it to a well-diversified portfolio.
Price Book 56.4828 | Book Value 1.366 | Enterprise Value 242 M | Enterprise Value Ebitda (0.07) | Shares Float 631.1 K |
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Bright Minds Valuation on November 6, 2024
It is possible to determine the worth of Bright Minds on a given historical date. On November 6, 2024 Bright was worth 57.0 at the beginning of the trading date compared to the closed value of 55.77. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Bright Minds stock. Still, in general, we apply an absolute valuation method to find Bright Minds' value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Bright Minds where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Bright Minds' related companies.
| Open | High | Low | Close | Volume | |
| 50.50 | 58.00 | 50.50 | 54.08 | 548,004 | |
11/06/2024 | 57.00 | 58.00 | 53.23 | 55.77 | 335,212 |
| 55.42 | 55.59 | 47.73 | 48.52 | 348,763 |
| Backtest Bright Minds | | | Bright Minds History | | | Bright Minds Valuation | Previous | Next |
Bright Minds Trading Date Momentum on November 6, 2024
| On November 07 2024 Bright Minds Biosciences was traded for 48.52 at the closing time. The top price for the day was 55.59 and the lowest listed price was 47.73 . The trading volume for the day was 348.8 K. The trading history from November 7, 2024 was a factor to the next trading day price decrease. The overall trading delta against the next closing price was 13.00% . The overall trading delta against the current closing price is 29.53% . |
Bright Minds Biosciences Fundamentals Correlations and Trends
By evaluating Bright Minds' financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Bright Minds' main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Bright financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Bright Minds Stock history
Bright Minds investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Bright is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Bright Minds Biosciences will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Bright Minds stock prices may prove useful in developing a viable investing in Bright Minds
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 4.3 M | 2.3 M | |
| Net Loss | -13.5 M | -12.8 M |
Bright Minds Quarterly Net Working Capital |
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Bright Minds Stock Technical Analysis
Bright Minds technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Price Boundaries
Bright Minds Period Price Range
Low | November 26, 2024
| High |
0.00 | 0.00 |
Bright Minds Biosciences cannot be verified against its exchange. Please verify the symbol is currently traded on NASDAQ Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Bright Minds November 26, 2024 Market Strength
Market strength indicators help investors to evaluate how Bright Minds stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Bright Minds shares will generate the highest return on investment. By undertsting and applying Bright Minds stock market strength indicators, traders can identify Bright Minds Biosciences entry and exit signals to maximize returns
Bright Minds Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Bright Minds' price direction in advance. Along with the technical and fundamental analysis of Bright Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Bright to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.1159 | |||
| Jensen Alpha | 28.57 | |||
| Total Risk Alpha | (3.48) | |||
| Sortino Ratio | 2.92 | |||
| Treynor Ratio | (0.78) |
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Complementary Tools for Bright Stock analysis
When running Bright Minds' price analysis, check to measure Bright Minds' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Bright Minds is operating at the current time. Most of Bright Minds' value examination focuses on studying past and present price action to predict the probability of Bright Minds' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Bright Minds' price. Additionally, you may evaluate how the addition of Bright Minds to your portfolios can decrease your overall portfolio volatility.
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