Its valuation is considered fairly valued, Institutional ownership is very high.Over the past month, multiple analysts have rated it as Buy, with the highest price target at max_target_price.The stock price is trading sideways between the support and resistance levels, making it suitable for range-bound swing trading.
Bright Minds Biosciences Inc's Score
Industry at a Glance
Industry Ranking
216 / 501
Overall Ranking
384 / 4682
Industry
Biotechnology & Medical Research
Support & Resistance
Relevant data have not been disclosed by the company yet.
Score Analysis
Current score
Previous score
Analyst Rating
Based on
7
analysts
Buy
Current Rating
82.400
Target Price
+1.58%
Upside Space
Data disclaimer: Analyst ratings and target prices are provided by LSEG for informational purposes only and do not constitute investment advice.
Bright Minds Biosciences Inc Highlights
StrengthsRisks
Bright Minds Biosciences Inc. is a biotechnology company, which is engaged in developing treatments for patients with neurological and psychiatric disorders. The Company is focused on developing highly selective 5-HT2 agonists for the treatment of drug-resistant epilepsy, depression, and other central nervous system (CNS) disorders. Its Serotonin (5-HT) is a neurotransmitter in the brain and modulates many biological functions. Dysfunction of serotonin receptors, transporters, and associated neurocircuits is fundamental to many diseases including epilepsies and neuro psychiatric. Its pipeline includes BMB-101, BMB-xxx, BMB-201, and BMB-202. The Company has a portfolio of patented, selective serotonin (5-HT2C, 5-HT2A and 5-HT2C/A-receptor subtypes) agonists that were identified by using high-throughput screening methods in combination with advanced molecular modeling techniques to interrogate the interaction between the drug and its targeted receptors to increase downstream signaling.
Undervalued
The company’s latest PE is -58.04, at a low 3-year percentile range.
Institutional Selling
The latest institutional holdings are 5.24M shares, decreasing 5.88% quarter-over-quarter.
Bright Minds Biosciences Inc. is a biotechnology company, which is engaged in developing treatments for patients with neurological and psychiatric disorders. The Company is focused on developing highly selective 5-HT2 agonists for the treatment of drug-resistant epilepsy, depression, and other central nervous system (CNS) disorders. Its Serotonin (5-HT) is a neurotransmitter in the brain and modulates many biological functions. Dysfunction of serotonin receptors, transporters, and associated neurocircuits is fundamental to many diseases including epilepsies and neuro psychiatric. Its pipeline includes BMB-101, BMB-xxx, BMB-201, and BMB-202. The Company has a portfolio of patented, selective serotonin (5-HT2C, 5-HT2A and 5-HT2C/A-receptor subtypes) agonists that were identified by using high-throughput screening methods in combination with advanced molecular modeling techniques to interrogate the interaction between the drug and its targeted receptors to increase downstream signaling.
Ticker SymbolDRUG
CompanyBright Minds Biosciences Inc
CEOMcdonald (Ian B)
Websitehttps://brightmindsbio.com/
FAQs
What is the current price of Bright Minds Biosciences Inc (DRUG)?
The current price of Bright Minds Biosciences Inc (DRUG) is 82.120.
What is the symbol of Bright Minds Biosciences Inc?
The ticker symbol of Bright Minds Biosciences Inc is DRUG.
What is the 52-week high of Bright Minds Biosciences Inc?
The 52-week high of Bright Minds Biosciences Inc is 131.880.
What is the 52-week low of Bright Minds Biosciences Inc?
The 52-week low of Bright Minds Biosciences Inc is 33.010.
What is the market capitalization of Bright Minds Biosciences Inc?
The market capitalization of Bright Minds Biosciences Inc is 627.05M.
What is the net income of Bright Minds Biosciences Inc?
The net income of Bright Minds Biosciences Inc is -2.80M.
Is Bright Minds Biosciences Inc (DRUG) currently rated as Buy, Hold, or Sell?
According to analysts, Bright Minds Biosciences Inc (DRUG) has an overall rating of Buy, with a price target of 82.400.
What is the Earnings Per Share (EPS TTM) of Bright Minds Biosciences Inc (DRUG)?
The Earnings Per Share (EPS TTM) of Bright Minds Biosciences Inc (DRUG) is -1.277.