Despite a number of encouraging indicators, Mynd Analytics Inc. is not a strong enough buy contender. While waiting for additional growth, it should be regarded as a hold candidate (hold or accumulate) in this position at this time.
We have modified the study’s conclusion for Mynd AI stock from a Buy to a Hold/Accumulate contender since the prior review due to a few minor technical flaws. Mynd Analytics Inc. is listed on the NASDAQ (NASDAQ Stock Exchange) and is denoted by the symbol MYND.
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Mynd AI
The investment holding company Mynd.AI Inc., formerly known as Gravitas Education Holdings Inc., is primarily involved in early childhood education. The company has two sectors through its subsidiaries. The education industry is the primary market for the interactive displays and instructional software produced by the ELMTree section.
Through its direct activities, the GEH Singapore sector offers services for student care centers and private kindergartens. In addition, the company offers a range of solutions, such as software platforms, interactive tools, and technologies.
Promethean products from the company include software, accessories, and interactive smart displays. The company primarily operates in both domestic and international markets.
Current Price of Mynd AI Stock
The price of one share of Mynd Analytics Inc. (MYND) was $1.55 at the conclusion of business on November 21, 2024.
Mynd AI Market Capitalization
Mynd Analytics Inc.’s market value is 71.484 million as of November 21, 2024.
How Can the Stock Price Fluctuations of Mynd.AI, Inc. Be Read and Predicted?
Stock traders at Mynd.AI, Inc. employ a number of technologies to forecast the direction of the MYND market’s future movement. These tools fall into two general categories: chart patterns and indicators.
Traders look for key support and resistance levels when attempting to anticipate Mynd AI stocks because they can provide insight into when an uptrend is about to stop and when a decline is expected to slow down.
Mynd AI Stock Forecast Indicators
One of the often used stock prediction tools from Mynd.AI, Inc. is the moving average. The average closing price of MYND stock over a chosen time period, which is separated into multiple periods of the same duration, is provided by a moving average, as the name implies.
A 12-day simple moving average for MYND, for instance, is calculated by adding up the closing prices of MYND over the previous 12 days and dividing the total by 12. Traders utilize the exponential moving average (EMA), a different kind of moving average, in addition to the simple moving average (SMA).
The EMA responds to current price activity faster because it places a higher priority on recent prices. Among the widely used indicators in the stock market for determining significant resistance and support levels are the 50-, 100-, and 200-day moving averages.
The price of Mynd AI stock is regarded as bullish if it rises over any of these averages. A decline below a significant moving average is seen as a sign that the MYND market is not doing effectively. In order to predict the future course of the Mynd AI stock price, traders further often use the RSI and Fibonacci retracement level indicators.
How Can I Interpret the Mynd AI Stock Charts and Predict Trends in Prices?
The majority of traders prefer candlestick charts when forecasting Mynd AI stocks since they offer information than a straightforward line chart. With varying levels of granularity, traders can examine candlesticks that depict the price activity of Mynd AI stock.
For instance, a 5-minute candlestick chart can be used to spot extremely short-term price action, while a weekly candlestick chart can be used to identify long-term trends. Among the widely used are 1-hour, 4-hour, and 1-day candlestick charts.
As an illustration of how this kind of price chart provides us with information on opening and closing prices, let’s look at a 1-hour candlestick chart. The chart is broken up into candles that provide us with 1-hour chunks of information regarding the stock price action of Mynd.AI, Inc.
The starting and closing prices of MYND, along with the highest and lowest prices that Mynd.AI, Inc. achieved during the one-hour period, can be seen on each candlestick. Forming an informed price prediction becomes simpler by this knowledge.
The color of the candle should also be taken into consideration; a green candle indicates that the closing price was higher than the opening price, whilst a red candle indicates the opposite. In certain charts, the same idea is represented by hollow and filled candlestick bodies rather than colors.
What Factors Influence Mynd AI Stock Price?
Supply and demand influence the price action of Mynd AI stock, similar to how they do for any other asset. Fundamental elements such as earnings reports, the introduction of new products, mergers and acquisitions, and other events can have an impact on these dynamics.
In addition, market sentiment, general economic conditions, interest rates, inflation rates, and political happenings may have an impact on the price of Mynd AI stock.
Mynd AI Stock Forecast
Tomorrow’s stock price prediction for Mynd AI, Inc. is $3.42, or a gain of 120.65% over the current price. The price of MYND is predicted to drop by -0.21% and reach $3.41 in the upcoming week. The following is what current forecasts for the long-term Mynd AI stock forecast indicate:
- The stock forecast for Mynd AI, Inc. in one year is $2.24 (-34.61%)
- 2025 stock estimate for Mynd AI, Inc.: $2.10 (-38.73%)
- 2030 stock forecast for Mynd AI, Inc.: $-0.365817 (-89.30%)
The Mynd AI stock is not a smart investment at this time, according to stock forecast. This is due to the fact that Mynd AI stock price is predicted to rise by -34.61% during the course of the following year.
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Conclusion: Mynd AI Stock
Almost any brokerage firm, including online brokerage services, offers Mynd AI stock for purchase. Mynd Analytics Inc.’s stock has a 52-week high of $4.19 and a 52-week low of $0.611. 3.04 million shares were purchased in the past 62 transactions.
D’Ambrosio Donald Eric purchased 10,000 shares in the recent trade, which happened 1,977 days ago.
FAQs: Mynd AI Stock
What is Mynd AI and what does it do?
Mynd AI is an innovative technology company specializing in providing AI-driven solutions aimed at improving various sectors. Mynd.AI Inc., leverages advanced machine learning algorithms to deliver insights and predictions that facilitate data-driven decision-making.
By utilizing cutting-edge technology, Mynd enhances operational efficiency and supports organizations in optimizing their resources.
What is the current Mynd AI stock price?
The current Mynd AI stock price can vary throughout the trading day as it is influenced by market conditions. To obtain the latest stock quote and accurate pricing, it is advisable to check financial news websites or stock market applications that provide real-time data.
Investors often refer to these platforms to monitor the stock price and make informed decisions regarding their investments.
How can I buy Mynd AI shares?
To buy Mynd AI shares, you need to have a brokerage account. Start by choosing a reputable online broker that offers access to the Mynd AI stock. Once your account is set up and funded, you can place an order for the number of shares you wish to acquire.
It is necessary to monitor the stock price and market conditions to find the optimal time for your purchase.
What is the stock forecast for Mynd AI?
The stock forecast for Mynd AI is subject to analysis by financial experts who consider various factors, including market trends, company performance, and economic conditions.
Analysts provide predictions about the potential future value of the Mynd AI stock, often presenting both short-term and long-term outlooks. It is recommended to review multiple sources to obtain an accurate picture of the expected performance.
What are the risks associated with investing in Mynd AI?
Investing in Mynd AI or any stock carries inherent risks. These can include market volatility, changes in industry trends, and the company’s operational performance. Investors should conduct thorough analysis and consider their risk tolerance before making decisions.
Understanding the potential for loss is critical, and it is advisable to diversify investments to mitigate risk.
