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Mind Medicine Inc (MNMD)

Upturn stock ratingUpturn stock rating
$9.71
Last Close (24-hour delay)
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PASS
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  • SELL Advisory (Profit)​
  • SELL Advisory (Loss)​
  • Profit
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  • Pass (Skip investing)
Upturn Stock infoUpturn Stock info Stock price based on last close
*as per simulation
(see disclosures)
Time period over
  • ALL
  • YEAR
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Upturn Advisory Summary

09/16/2025: MNMD (1-star) is currently NOT-A-BUY. Pass it for now.

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

11 Analysts rated it

Moderately tracked stock, growing coverage, gaining market and investor attention.

1 Year Target Price $25

1 Year Target Price $25

Analysts Price Target For last 52 week
$25 Target price
52w Low $4.7
Current$9.71
52w High $11.02

Analysis of Past Performance

Type Stock
Historic Profit 38.18%
Avg. Invested days 32
Today’s Advisory PASS
Upturn Star Rating Upturn stock ratingUpturn stock rating
Upturn Advisory Performance Upturn Advisory Performance 2.0
Stock Returns Performance Upturn Returns Performance 3.0
Upturn Profits based on simulationUpturn Profits based on simulation Profits based on simulation
Upturn Profits based on simulationUpturn Profits based on simulation Last Close 09/16/2025

Key Highlights

Company Size Small-Cap Stock
Market Capitalization 726.64M USD
Price to earnings Ratio -
1Y Target Price 25
Price to earnings Ratio -
1Y Target Price 25
Volume (30-day avg) 11
Beta 2.97
52 Weeks Range 4.70 - 11.02
Updated Date 09/15/2025
52 Weeks Range 4.70 - 11.02
Updated Date 09/15/2025
Dividends yield (FY) -
Basic EPS (TTM) -1.34

Earnings Date

Report Date -
When -
Estimate -
Actual -

Profitability

Profit Margin -
Operating Margin (TTM) -

Management Effectiveness

Return on Assets (TTM) -30.55%
Return on Equity (TTM) -59.11%

Valuation

Trailing PE -
Forward PE -
Enterprise Value 576468181
Price to Sales(TTM) -
Enterprise Value 576468181
Price to Sales(TTM) -
Enterprise Value to Revenue -
Enterprise Value to EBITDA -6.57
Shares Outstanding 76087904
Shares Floating 70245911
Shares Outstanding 76087904
Shares Floating 70245911
Percent Insiders 0.84
Percent Institutions 55.72

ai summary icon Upturn AI SWOT

Mind Medicine Inc

stock logo

Company Overview

overview logo History and Background

Mind Medicine (MindMed) Inc. was founded in 2019. It is a biopharmaceutical company developing psychedelic-inspired medicines to treat brain health disorders.

business area logo Core Business Areas

  • Drug Development: Focuses on researching, developing, and commercializing psychedelic-inspired medicines.
  • Clinical Trials: Conducts clinical trials to evaluate the safety and efficacy of its drug candidates.

leadership logo Leadership and Structure

Robert Barrow serves as CEO. The company has a board of directors overseeing operations.

Top Products and Market Share

overview logo Key Offerings

  • MM-120 (Lysergide D-Tartrate): A proprietary formulation of LSD being developed for generalized anxiety disorder (GAD) and other disorders. Data indicates significant therapeutic benefit, however, this product is still in clinical trials. Competitors in anxiety treatments include traditional pharmaceuticals like SSRIs and benzodiazepines from companies like Pfizer and Eli Lilly, as well as other companies developing novel therapies.
  • MM-402 (R-MDMA): R-MDMA, a synthetic enantiomer of MDMA, may have advantages over racemic MDMA in that it is potentially less toxic, non-hallucinatory, and possesses prosocial and anxiolytic properties. Competitors include companies researching MDMA-assisted therapy.

Market Dynamics

industry overview logo Industry Overview

The psychedelic medicine industry is emerging with increasing interest in alternative treatments for mental health disorders. There is growing acceptance of psychedelic-assisted therapies within research and medical communities.

Positioning

MindMed is positioned as a leading company in the psychedelic medicine space, focused on developing pharmaceutical-grade psychedelic-inspired treatments. They are trying to differentiate themselves through rigorous clinical trials and proprietary formulations.

Total Addressable Market (TAM)

The TAM for mental health treatments is substantial and growing, estimated to be in the tens of billions of dollars globally. MindMed's positioning within the emerging psychedelic medicine niche allows it to capture a segment of this broader market.

Upturn SWOT Analysis

Strengths

  • Strong IP portfolio around psychedelic-inspired medicines
  • Experienced management team with expertise in drug development
  • Advanced clinical trial programs
  • Early mover advantage in the emerging psychedelic medicine space

Weaknesses

  • High cash burn rate
  • Reliance on regulatory approvals for drug commercialization
  • Limited revenue generation in the near term
  • Potential for adverse effects associated with psychedelic drugs

Opportunities

  • Growing acceptance of psychedelic-assisted therapies
  • Potential for breakthrough therapy designations from regulatory agencies
  • Partnerships with pharmaceutical companies
  • Expansion into new indications and geographies

Threats

  • Regulatory hurdles and uncertainties
  • Competition from other companies developing psychedelic medicines
  • Negative public perception of psychedelic drugs
  • Potential for generic competition

Competitors and Market Share

competitor logo Key Competitors

  • ATAI Life Sciences (ATAI)
  • COMPASS Pathways (CMPS)
  • GH Research (GHRS)

Competitive Landscape

MindMed faces competition from other companies developing psychedelic medicines, each with their own unique approaches and target indications. Differentiation through clinical trial design and IP protection will be critical.

Growth Trajectory and Initiatives

Historical Growth: Historical growth is characterized by the advancement of clinical trials and expansion of the drug development pipeline.

Future Projections: Future growth depends heavily on successful clinical trial outcomes, regulatory approvals, and commercialization of its drug candidates. Analyst projections are speculative at this stage.

Recent Initiatives: Recent initiatives include initiating Phase 2b trials for MM-120 in GAD and advancing the development of MM-402.

Summary

Mind Medicine is a development-stage biopharmaceutical company in the high-risk, high-reward psychedelic medicine space. Positive clinical trial results for MM-120 are promising. However, the company needs to manage its cash burn and navigate the regulatory landscape effectively to achieve long-term success, as well as face fierce competition.

Peer Comparison

Sources and Disclaimers

Data Sources:

  • Company website
  • SEC filings
  • Analyst reports
  • Press releases

Disclaimers:

This analysis is for informational purposes only and should not be considered financial advice. Investment decisions should be based on thorough research and consultation with a financial professional. Market share is estimated as these are emerging companies, and therefore hard to pinpoint.

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 Medicine Inc

Exchange NASDAQ
Headquaters New York, NY, United States
IPO Launch date 2020-03-03
CEO & Director Mr. Robert Barrow
Sector Healthcare
Industry Biotechnology
Full time employees 74
Full time employees 74

Mind Medicine (MindMed) Inc., a clinical stage biopharmaceutical company, develops novel products to treat brain health disorders. The company's lead product candidates include MM120, which is in phase 3 for the treatment of generalized anxiety disorder and attention deficit hyperactivity disorder; and MM402, a R-enantiomer of 3,4-methylenedioxymethamphetamine, which is in phase I clinical trials for the treatment of core symptoms of autism spectrum disorder. Mind Medicine (MindMed) Inc. is headquartered in New York, New York.