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Upturn stock ratingUpturn stock rating
MIND logo

Mind Technology Inc (MIND)

Upturn stock ratingUpturn stock rating
$8.44
Last Close (24-hour delay)
Profit since last BUY-4.74%
upturn advisory
Consider higher Upturn Star rating
BUY since 4 days
  • BUY Advisory
  • SELL Advisory (Profit)​
  • SELL Advisory (Loss)​
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Upturn Advisory Summary

06/30/2025: MIND (1-star) has a low Upturn Star Rating. Not recommended to BUY.

Upturn Star Rating

rating

Not Recommended Performance

These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.

Number of Analysts

rating

1 Analysts rated it

Very few follow this stock; limited insights, higher-risk early investing.

1 Year Target Price $8

1 Year Target Price $8

Analysts Price Target For last 52 week
$8Target price
Low$3.05
Current$8.44
high$11.1

Analysis of Past Performance

Type Stock
Historic Profit -35.36%
Avg. Invested days 26
Today’s Advisory Consider higher Upturn Star rating
Upturn Star Rating Upturn stock ratingUpturn stock rating
Upturn Advisory Performance Upturn Advisory Performance 1.0
Stock Returns Performance Upturn Returns Performance 1.0
Upturn Profits based on simulationUpturn Profits based on simulation Profits based on simulation
Upturn Profits based on simulationUpturn Profits based on simulation Last Close 06/30/2025

Key Highlights

Company Size Small-Cap Stock
Market Capitalization 67.26M USD
Price to earnings Ratio 2.01
1Y Target Price 8
Price to earnings Ratio 2.01
1Y Target Price 8
Volume (30-day avg) 1
Beta 0.7
52 Weeks Range 3.05 - 11.10
Updated Date 06/30/2025
52 Weeks Range 3.05 - 11.10
Updated Date 06/30/2025
Dividends yield (FY) -
Basic EPS (TTM) 4.2

Analyzing Revenue: Products, Geography and Growth

Revenue by Products

Product revenue - Year on Year

Revenue by Geography

Geography revenue - Year on Year

Earnings Date

Report Date 2025-06-11
When -
Estimate 0.08
Actual -0.12

Profitability

Profit Margin 6.99%
Operating Margin (TTM) -8.33%

Management Effectiveness

Return on Assets (TTM) 9.55%
Return on Equity (TTM) 12.53%

Valuation

Trailing PE 2.01
Forward PE -
Enterprise Value 60466479
Price to Sales(TTM) 1.49
Enterprise Value 60466479
Price to Sales(TTM) 1.49
Enterprise Value to Revenue 1.34
Enterprise Value to EBITDA 9.55
Shares Outstanding 7969420
Shares Floating 7801187
Shares Outstanding 7969420
Shares Floating 7801187
Percent Insiders 2.11
Percent Institutions 33.7

Analyst Ratings

Rating 1
Target Price 8
Buy -
Strong Buy 1
Buy -
Strong Buy 1
Hold -
Sell -
Strong Sell -
Strong Sell -

ai summary icon Upturn AI SWOT

Mind Technology Inc

stock logo

Company Overview

overview logo History and Background

MIND Technology, Inc., formerly known as Mitcham Industries, Inc., was founded in 1938. Initially focused on supplying seismic equipment, it has evolved into a provider of technology for marine survey and defense applications. Significant milestones include expansion into adjacent markets and strategic acquisitions to enhance its technology portfolio.

business area logo Core Business Areas

  • Seismic Technology: Provides equipment and services for seismic exploration, including hydrophones, cables, and source controllers.
  • Defense Technology: Develops and manufactures underwater acoustic systems for defense and security applications, including sonar systems and communication devices.
  • Vessel Management: Provides services related to vessel charter and operation.

leadership logo Leadership and Structure

The company is led by its CEO and a team of executives overseeing various functional areas. The organizational structure is based on business segments (Seismic, Defense, Vessel), with corporate support functions.

Top Products and Market Share

overview logo Key Offerings

  • Sea Serpent: A towed array system for marine seismic surveys. Competitors include WesternGeco (Schlumberger) and CGG. Market share data is difficult to obtain precisely, but MIND Technology is a smaller player compared to the larger service companies.
  • GunLink: A seismic source controller used to trigger airguns in seismic surveys. Competitors include Sercel and ION Geophysical. Again market share is difficult to obtain precisely, but MIND Technology is a smaller player compared to the larger service companies.
  • Passive Acoustic Monitoring (PAM) Systems: Systems for underwater monitoring and surveillance. Competitors include Sonardyne and Teledyne Marine. Specific market share data is not readily available.

Market Dynamics

industry overview logo Industry Overview

The marine geophysical services industry is driven by oil and gas exploration and production, as well as renewable energy projects. The defense sector is driven by demand for advanced underwater surveillance and communication technologies.

Positioning

MIND Technology occupies a niche position by providing specialized equipment and solutions, often focusing on specific applications or custom requirements. Their competitive advantage lies in their technical expertise and ability to tailor solutions to customer needs.

Total Addressable Market (TAM)

The overall marine geophysical services market is estimated in the billions of USD annually. The defense and security underwater acoustic market is similarly large. MIND Technology focuses on specific segments within these markets, addressing a smaller portion of the overall TAM. Its market position allows it to capture contracts which are not well suited for larger, more generalized geophysical companies.

Upturn SWOT Analysis

Strengths

  • Specialized technology expertise
  • Custom solution development capabilities
  • Established relationships with key customers
  • Experience in difficult to serve industries

Weaknesses

  • Smaller scale compared to major competitors
  • Reliance on cyclical industries (oil and gas)
  • Limited marketing and sales resources
  • History of negative profitability

Opportunities

  • Growth in offshore wind energy development
  • Increasing demand for underwater security technologies
  • Potential for strategic partnerships and acquisitions
  • Government programs to secure infrastructure in the sea and ports

Threats

  • Volatility in oil and gas prices
  • Intense competition from larger players
  • Technological obsolescence
  • Geopolitical risks affecting defense spending

Competitors and Market Share

competitor logo Key Competitors

  • Schlumberger (SLB)
  • CGG (CGG)
  • Teledyne Technologies (TDY)
  • Sercel (subsidiary of CGG)

Competitive Landscape

MIND Technology faces intense competition from larger, more established players. However, it can differentiate itself through specialized technology and custom solutions.

Growth Trajectory and Initiatives

Historical Growth: Historical growth has been uneven due to the cyclical nature of the oil and gas industry.

Future Projections: Future growth is expected to be driven by diversification into new markets, such as offshore wind and defense.

Recent Initiatives: Recent initiatives include development of new underwater acoustic technologies and expansion of defense-related contracts.

Summary

MIND Technology is a small player in a competitive market, offering specialized seismic and defense technologies. Its strengths lie in its technical expertise, but it faces challenges related to scale and cyclical industries. Growth opportunities exist in emerging markets like offshore wind and defense, but the company must navigate intense competition. Their financial health is unclear without up-to-date data, and their overall viability depends on strategic execution and market diversification.

Peer Comparison

Sources and Disclaimers

Data Sources:

  • Company Website
  • Industry Reports
  • SEC Filings
  • Market Research Reports

Disclaimers:

This analysis is based on publicly available information and is for informational purposes only. It should not be considered financial advice. Real-time financial data is not included. Consult with a financial professional before making any investment decisions.

Upturn AI SummarizationUpturn AI Summarization AI Summarization is directionally correct and might not be accurate.

Upturn AI SummarizationUpturn AI Summarization Summarized information shown could be a few years old and not current.

Upturn AI SummarizationUpturn AI Summarization Fundamental Rating based on AI could be based on old data.

Upturn AI SummarizationUpturn AI Summarization AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.

About Mind Technology Inc

Exchange NASDAQ
Headquaters The Woodlands, TX, United States
IPO Launch date 1994-12-19
President, CEO & Director Mr. Robert P. Capps CPA
Sector Technology
Industry Scientific & Technical Instruments
Full time employees 146
Full time employees 146

MIND Technology, Inc., together with its subsidiaries, provides technology to the oceanographic, hydrographic, defense, seismic, and maritime security industries in the United States, China, Norway, Turkey, Singapore, Canada, and internationally. The company's primary products include the GunLink seismic source acquisition and control systems that provide operators of marine seismic surveys with precise monitoring and control of energy sources; the BuoyLink RGPS tracking system, which is used to offer precise positioning of marine seismic energy sources and streamers; Sleeve Gun energy sources; SeaLink towed seismic streamer system; and Sea Serpent line of passive sonar arrays for maritime security and anti-submarine warfare applications. It also provides streamer weight collars, depth and pressure transducers, air control valves, and source array systems; spare and replacement parts; and repair and engineering services, training and field service operations, and umbilical terminations. The company was formerly known as Mitcham Industries, Inc. MIND Technology, Inc. was incorporated in 1987 and is headquartered in The Woodlands, Texas.