How to Buy Mind Medicine Stock
Mind Medicine Inc
Mind Medicine (MindMed) Inc. , a clinical stage biopharmaceutical company, develops novel products to treat brain health disorders related to psychiatry, addiction, pain, and neurology.
Mind Medicine stock last closed at $5.66, down 1.91% from the previous day, and has decreased 34.79% in one year. It has overperformed other stocks in the Biotechnology industry by 0.43 percentage points. Mind Medicine stock is currently +20.43% from its 52-week low of $4.70, and -45.76% from its 52-week high of $10.44.
As of Apr 21, 2025, there are 75.37M shares of MNMD outstanding. The market value of MNMD is $426.58M. In the last 24 hours, 712,943 MNMD shares were traded.
How to Buy Mind Medicine Stock
Wondering how to invest in Mind Medicine stock? Here's how.
- Figure out where to buy Mind Medicine stock: You need to decide on an online brokerage, but don't worry - we've tested dozens of stock brokerages and apps to help you decide where to buy Mind Medicine stock.
- Sign up for a brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've found.
- Fund your investment account: Pick your method of payment and add your details.
- Research Mind Medicine stock: The Mind Medicine ticker symbol is MNMD. Is Mind Medicine stock a good investment? Should you buy shares of MNMD? How do MNMD's underlying business fundamentals look? Do top analysts think Mind Medicine is a good buy? Why has MNMD's stock price moved recently? (Hint: Our stock market analysis tools can help you decide if MNMD is a good stock to buy).
- Execute your MNMD purchase: Decide if you will purchase MNMD shares at the current market price or use a limit order to buy MNMD shares at a particular price.
- Keep tabs on your MNMD position: Create a watchlist to important notifications about your investment in Mind Medicine shares.
Step 1: Figure out where to buy Mind Medicine stock
You will need a brokerage account in order to access the NASDAQ market and buy MNMD stock.
Our preferred brokerage: eToro
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Open eToro AccountStep 2: Sign up for a brokerage account
Now that you've selected your brokerage, the next step is to fill out some personal details so you can invest in MNMD stock today.
How to Open a New Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Input your personal data to open a new trading account.
- Send your details by pressing the "Create Account" button. Get started with eToro today
Step 3: Fund your investment account
Now that you have finished signing up on the highest rated stock app, you can securely and quickly fund your account:
Watch the walkthrough below if you need help depositing money into your brokerage account.
Step 4: Research Mind Medicine stock
Once you have chosen the best place to buy Mind Medicine stock, it's important to analyze their stock before you invest, so you can wrap your head around the risk and upside.
Mind Medicine shares quick numbers
Mind Medicine Overview
WallStreetZen was designed to help everyday investors do better fundamental analysis in less time.
You can see all of the due diligence checks on MNMD's stock page.
What is the fair value of MNMD stock?
You can use a variety of different financial metrics, analyses, models, and charts to gauge MNMD's fair value.
Using relative valuations metrics:
- MNMD could be undervalued based on its P/B ratio of 1.77x, relative to Biotechnology industry P/B ratio of 4.04x
You can access more valuation analysis on MNMD's stock here.
How do MNMD Financials look?
Signs that MNMD is financially healthy:
- There are more short-term assets than short-term liabilities on the MNMD balance sheet.
- MNMD has $273.74M in cash and short term investments. This is enough to cover its annual cash burn of $79.13M.
- MNMD has a low debt to equity ratio of 0.25.
- MNMD has cash burn of 79129000. It has enough cash and short-term investments to cover this for at least one year.
- There are more short-term assets than long-term liabilities on the MNMD balance sheet.
Signs that MNMD is not financially healthy:
- Total MNMD debt is higher than 5 years ago, relative to shareholder equity.
Do Wall Street analysts think it's a good time to buy Mind Medicine stock
Out of 5 Wall Street analysts who research MNMD, the consensus analyst rating on MNMD is a Buy
It's important to note that analyst forecasts are not recommendations, nor are they investment advice.
You can dig deeper into what analysts are saying on the Mind Medicine stock forecast page.
MNMD Momentum
Are MNMD insiders buying or selling the stock?
Over the past 12 months, insiders at MNMD have sold more shares than they have bought.
Robert Barrow, Chief Executive Officer of MNMD, was the latest MNMD insider to sell. They sold $142,941.92 worth of MNMD stock on Mar 25, 2025.
Learn more about who owns MNMD stock here.
Can I get consistent income from MNMD stock?
No, Mind Medicine doesn't provide an income stream by paying out dividends.
MNMD Social Trading Data
One of the reasons eToro is our highest-rated brokerage is because of its social trading community.
Click below to see what other investors have to say.
Step 5: Execute your MNMD purchase
There are two primary options:
- Market order: A market order is an order to buy or sell a security at the best price on the market.
Market orders are usually fine for most investors. - Limit order: A limit order enables you to buy or sell a stock at a specific price (or better).
If you want to be sure you're buying or selling at a given price limit, use a limit order.
Press the Open Trade button and your broker will execute the order.
If you need additional info about buying stocks on eToro, click the helpful video below:
Step 6: Keep tabs on your MNMD position
Now that you own some shares in MNMD, you'll want to stay up-to-date on your new company.
Create a watchlist to get notified of the latest news about your MNMD stock.
MNMD Feed
How to Buy Stock in Mind Medicine
To summarize, here are the 6 steps for buying Mind Medicine stock:
- Figure out where to buy Mind Medicine stock
- Sign up for a brokerage account
- Fund your investment account
- Research Mind Medicine stock
- Execute your MNMD purchase
- Keep tabs on your MNMD position
If you need a online brokerage, eToro is our recommended option.
Get Started with eToro TodayIf you would like to get the latest news on your investment in Mind Medicine, click the button below.
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