Mitcham stock: buy or sell?

MIND stock price: $1.15 32.18% At close on May 22nd, 2020

Updated on:
May 22nd, 2020

0

Shares of Mitcham climbed an extraordinary 32.18% and closed at $1.15. On May 13th MIND plunged a dreadful -7.50%. With May 22nd, it's been 3 climbing days in a row, gaining $0.41 or 53.25%.

Mitcham Industries, Inc., through its subsidiaries, leases, sells, and services equipment to the geophysical, oceanographic, hydrographic, and defense industries worldwide.

Should I buy Mitcham stock?

Trading stocks requires experience and discipline, and your buying and selling decisions must come following a methodology. Following a trading plan helps to make decisions easier, quicker and with less hesitations. There are thousands of trading strategies for you to choose, but at Stocks2.com we prefer those that are simple but successful.

Currently, Mitcham stock doesn't match any of these trading strategies, so our recommendation is not to buy.

Buy setupElegible
New all-time highNo
New 52 week highNo
Price crossing up 200d MANo
100d MA crossing up 200d MANo
This doesn't mean MIND will slide in coming sessions, or it will not rise higher. Simply, it doesn't match our recommended trading systems.

Is Mitcham stock a buy?

Everyday, hundreds of stock ratings are posted by financial analysts to indicate a particular stock's attractiveness. Unfortunately, we couldn't find any rating for MIND stock for the last month.

Mitcham stock analysis

Daily outlook

Shares of Mitcham Industries closed on May/22 at $1.15 and climbed an extraordinary 32.18%.

Mitcham Industries ended on May/22 at $1.15 and climbed an extraordinary 32.18%.

MIND stock chart (daily)

Weekly outlook

After sliding a frightening -22.37% in a week last week, Mitcham Industries closed this week at $1.15 and boosted a super good 51.32%.

Since mid August 2019, when MIND stock price broke down the 40-weeks moving avarage line, it slid $-2.82 per share (-71.03%). Trading stocks that are under the 40-weeks (that is, 200-days) moving average line is not recommended by many experts, as it indicates that the stock has not enough institutional support.

MIND stock chart (weekly)

Mitcham stock price history

Mitcham IPO was on December 19th, 1994 at $2.94 per share1. Since then, MIND stock declined a -60.90%, with a yearly average of -2.40%.

1: Adjusted price after possible price splits or reverse-splits.

Mitcham stock historical price chart

MIND stock reached 52-week highs on August at $4.42, and all-time highs 1997-11-05 with a price of 33.13.

Mitcham stock price target

How much a stock will be priced tomorrow or next week is quite unpredictable However, financial institutions invest time and resources to provide the most accurated estimations to help investors to make their decisions. You should not follow the analysts' MIND stock price predictions in the hope that they will be met as they may be wrong and not met. For the last 30 days we have not found any price prediction for Mitcham Industries stock by any trusted analyst.

Financials and fundamental analysis

Earnings date and Earnings per Share

, when Mitcham published its last earnings report, it . Unfortunately, reported EPS is not yet available in our database.
MIND earnings date and EPS evolution
QuarterReporting dateEstimated EPSActual EPSSurprise
2017-Q2-n/a-0.24n/a
2017-Q3-n/a-0.46n/a
2017-Q42017-12-06-0.33-0.46n/a
2018-Q12018-04-10n/a-0.37n/a
2018-Q22018-06-06n/a-0.52n/a
2018-Q32018-09-05n/a-0.41n/a
2018-Q42018-12-06n/a-0.06n/a
2019-Q12019-04-03n/an/an/a
2019-Q2-n/an/an/a
2019-Q3-n/an/an/a

Annual financial results

Compared to 2018, last anual turnover report draw a terrifying decrease of -11.05% to $42.94 M dollars. When comparing 2019 vs 2018, however, profit margin (that is, the net income divided by revenues) decreased a -2.56% to -46.20%.

MIND annual Sales and Income evolution
YearSalesYoYIncome/(margin)YoY
2014$92 M-$4.77 M5.2%-
2014$83 M-9.73%$-9.19 M-11.1%-292.66%
2015$83 M0.00%$-9.19 M-11.1%0.02%
2015$52 M-37.68%$-38.74 M-74.8%321.45%
2016$52 M0.00%$-38.74 M-74.8%-0.01%
2016$41 M-20.88%$-33.15 M-80.9%-14.42%
2017$41 M0.00%$-33.15 M-80.9%0.01%
2017$48 M17.76%$-21.07 M-43.6%-36.45%
2018$48 M-0.01%$-21.07 M-43.6%0.00%
2019$43 M-11.05%$-19.84 M-46.2%-5.83%

Quarterly financial results

Mitcham reported $12.33 million in sales for 2019-Q1, a -15.86% decline compared to previous quarter. Reported quarter income marked $-4.16 M with a profit margin of -33.70%. Profit margin inched a 1.73% compared to previous quarter when profit margin was -35.43%. When comparing turnover to same quarter last year, Mitcham Industries sales marked a super good increase and rocketed a 18.96%.
MIND quarterly Sales and Income evolution
QuarterSales1QoQ2Income1/(margin)QoQ2
2017-Q2$18 M-$-2.67 M-14.5%-
2017-Q3$11 M-41.18%$-5.36 M-49.4%100.75%
2017-Q4$9 M-20.26%$-5.28 M-61.1%-1.47%
2018-Q1$10 M19.89%$-7.76 M-74.9%46.92%
2018-Q2$8 M-26.54%$-5.91 M-77.6%-23.89%
2018-Q3$8 M9.68%$-4.59 M-55.0%-22.29%
2018-Q4$15 M75.46%$-5.19 M-35.4%13.12%
2019-Q1$12 M-15.86%$-4.16 M-33.7%-19.96%

Mitcham ownership

Checking Mitcham Industries ownership structure gives valuable information about the company and its governance (insider ownership) or the amount of investors that are on the short side.

Mitcham shares owned by insiders (that is, founders, CEO, CTO, main executives or other management staff) currently counts a 5.70% of all shares.

In case of Mitcham stock, 71.68% of its shares are held by institutions (mutual funds, pension funds, big banks and other large financial institutions). Bearish positions for MIND stock account 0.00%, no big difference from last month.

The following table compares ownership indicators for other stocks related to Mitcham Industries:

MIND
Market cap$14.0 M
Total shares12.2 M
Float shares11.5 M
  - Institutional holdings (%)71.7%
  - Insider holdings (%)5.7%
Shares in short selling0.0%

Mitcham summary

Friday, May 22nd, 2020
Open$0.89
Close$1.15
Day range$0.84 - $1.25
Previous close$0.87
Session gain32.18%
Average true range$0.12
50d mov avg$0.97
100d mov avg$1.87
200d mov avg$2.38
Daily pattern
Weekly pattern lb06a

Mitcham performance

To measure stock performance is always good to benchmark with competitors or related stocks. We picked as the bechmarking frame for Mitcham Industries stock.
Stock3m6m12m
MINDMitcham Industrie...-58.03%-47.73%-69.09%

Mitcham competitors

Unfortunately, we could not find any public company that could be defined as Mitcham Industries competitor. This doesn't mean Mitcham Industries does not have any competitor in the market, it's just we could not detected it.