MIND Technology (MIND)
Market Price (2/15/2026): $8.5 | Market Cap: $68.4 MilSector: Information Technology | Industry: Electronic Equipment & Instruments
MIND Technology (MIND)
Market Price (2/15/2026): $8.5Market Cap: $68.4 MilSector: Information TechnologyIndustry: Electronic Equipment & Instruments
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
| Cash is significant % of market capNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -26% | Weak multi-year price returns2Y Excs Rtn is -2.6%, 3Y Excs Rtn is -153% | Weak revenue growthRev Chg QQuarterly Revenue Change % is -20% |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 13%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 11% | Key risksMIND key risks include [1] a drastically shrinking backlog in its Seamap business, Show more. | |
| Attractive yieldFCF Yield is 7.5% | ||
| Megatrend and thematic driversMegatrends include Ocean Technology, and Offshore Energy Infrastructure. Themes include Marine Geophysical Survey, and Subsea Site Characterization. |
| Cash is significant % of market capNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -26% |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 13%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 11% |
| Attractive yieldFCF Yield is 7.5% |
| Megatrend and thematic driversMegatrends include Ocean Technology, and Offshore Energy Infrastructure. Themes include Marine Geophysical Survey, and Subsea Site Characterization. |
| Weak multi-year price returns2Y Excs Rtn is -2.6%, 3Y Excs Rtn is -153% |
| Weak revenue growthRev Chg QQuarterly Revenue Change % is -20% |
| Key risksMIND key risks include [1] a drastically shrinking backlog in its Seamap business, Show more. |
Qualitative Assessment
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MIND Technology (MIND) stock has lost about 25% since 10/31/2025 because of the following key factors:
1. Revenue Decline in Fiscal Q3 2026
MIND Technology experienced a decrease in revenues for its fiscal third quarter, which ended on October 31, 2025. The company reported revenues of $9.7 million, a decline compared to both the preceding quarter and the same quarter in the previous fiscal year. This financial downturn signaled a slowdown in core business performance to investors.
2. Shrinking Backlog and Cautious Fiscal 2026 Outlook
The company faced a shrinking backlog of firm orders, which significantly decreased to $12.8 million as of July 31, 2025, from $21.1 million on April 30, 2025. This decline in future orders, combined with management's "muted" guidance for fiscal year 2026—expecting results similar to fiscal 2025—and acknowledgments of market uncertainties affecting customer purchasing decisions, contributed to negative investor sentiment.
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1. Revenue Decline in Fiscal Q3 2026
MIND Technology experienced a decrease in revenues for its fiscal third quarter, which ended on October 31, 2025. The company reported revenues of $9.7 million, a decline compared to both the preceding quarter and the same quarter in the previous fiscal year. This financial downturn signaled a slowdown in core business performance to investors.
2. Shrinking Backlog and Cautious Fiscal 2026 Outlook
The company faced a shrinking backlog of firm orders, which significantly decreased to $12.8 million as of July 31, 2025, from $21.1 million on April 30, 2025. This decline in future orders, combined with management's "muted" guidance for fiscal year 2026—expecting results similar to fiscal 2025—and acknowledgments of market uncertainties affecting customer purchasing decisions, contributed to negative investor sentiment.
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Stock Movement Drivers
Fundamental Drivers
The -22.8% change in MIND stock from 10/31/2025 to 2/14/2026 was primarily driven by a -25.0% change in the company's Net Income Margin (%).| (LTM values as of) | 10312025 | 2142026 | Change |
|---|---|---|---|
| Stock Price ($) | 11.01 | 8.50 | -22.8% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 49 | 46 | -5.0% |
| Net Income Margin (%) | 8.8% | 6.6% | -25.0% |
| P/E Multiple | 20.5 | 22.4 | 9.3% |
| Shares Outstanding (Mil) | 8 | 8 | -1.0% |
| Cumulative Contribution | -22.8% |
Market Drivers
10/31/2025 to 2/14/2026| Return | Correlation | |
|---|---|---|
| MIND | -22.8% | |
| Market (SPY) | -0.0% | 28.8% |
| Sector (XLK) | -7.2% | 27.1% |
Fundamental Drivers
The -10.1% change in MIND stock from 7/31/2025 to 2/14/2026 was primarily driven by a -6.3% change in the company's P/E Multiple.| (LTM values as of) | 7312025 | 2142026 | Change |
|---|---|---|---|
| Stock Price ($) | 9.45 | 8.50 | -10.1% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 45 | 46 | 2.5% |
| Net Income Margin (%) | 7.0% | 6.6% | -5.4% |
| P/E Multiple | 23.9 | 22.4 | -6.3% |
| Shares Outstanding (Mil) | 8 | 8 | -1.0% |
| Cumulative Contribution | -10.1% |
Market Drivers
7/31/2025 to 2/14/2026| Return | Correlation | |
|---|---|---|
| MIND | -10.1% | |
| Market (SPY) | 8.2% | 31.4% |
| Sector (XLK) | 6.4% | 26.9% |
Fundamental Drivers
The -8.3% change in MIND stock from 1/31/2025 to 2/14/2026 was primarily driven by a -33.4% change in the company's Net Income Margin (%).| (LTM values as of) | 1312025 | 2142026 | Change |
|---|---|---|---|
| Stock Price ($) | 9.27 | 8.50 | -8.3% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 45 | 46 | 2.2% |
| Net Income Margin (%) | 9.9% | 6.6% | -33.4% |
| P/E Multiple | 11.3 | 22.4 | 98.0% |
| Shares Outstanding (Mil) | 5 | 8 | -32.0% |
| Cumulative Contribution | -8.3% |
Market Drivers
1/31/2025 to 2/14/2026| Return | Correlation | |
|---|---|---|
| MIND | -8.3% | |
| Market (SPY) | 14.3% | 31.5% |
| Sector (XLK) | 21.5% | 31.6% |
Fundamental Drivers
The -87.0% change in MIND stock from 1/31/2023 to 2/14/2026 was primarily driven by a -82.5% change in the company's Shares Outstanding (Mil).| (LTM values as of) | 1312023 | 2142026 | Change |
|---|---|---|---|
| Stock Price ($) | 65.50 | 8.50 | -87.0% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 25 | 46 | 87.8% |
| P/S Multiple | 3.7 | 1.5 | -60.5% |
| Shares Outstanding (Mil) | 1 | 8 | -82.5% |
| Cumulative Contribution | -87.0% |
Market Drivers
1/31/2023 to 2/14/2026| Return | Correlation | |
|---|---|---|
| MIND | -87.0% | |
| Market (SPY) | 74.0% | 13.8% |
| Sector (XLK) | 109.5% | 12.7% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| MIND Return | -25% | -73% | -86% | 20% | 11% | -5% | -96% |
| Peers Return | 8% | -15% | 41% | -0% | 31% | 17% | 98% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | -0% | 82% |
Monthly Win Rates [3] | |||||||
| MIND Win Rate | 42% | 8% | 50% | 50% | 50% | 0% | |
| Peers Win Rate | 53% | 38% | 58% | 58% | 60% | 70% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 50% | |
Max Drawdowns [4] | |||||||
| MIND Max Drawdown | -39% | -76% | -91% | -52% | -42% | -12% | |
| Peers Max Drawdown | -12% | -32% | -17% | -21% | -20% | -9% | |
| S&P 500 Max Drawdown | -1% | -25% | -1% | -2% | -15% | -1% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: CODA, GEOS, TDY, LHX, DWSN. See MIND Returns vs. Peers.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 2/13/2026 (YTD)
How Low Can It Go
| Event | MIND | S&P 500 |
|---|---|---|
| 2022 Inflation Shock | ||
| % Loss | -84.6% | -25.4% |
| % Gain to Breakeven | 548.6% | 34.1% |
| Time to Breakeven | Not Fully Recovered days | 464 days |
| 2020 Covid Pandemic | ||
| % Loss | -78.0% | -33.9% |
| % Gain to Breakeven | 354.7% | 51.3% |
| Time to Breakeven | Not Fully Recovered days | 148 days |
| 2018 Correction | ||
| % Loss | -53.7% | -19.8% |
| % Gain to Breakeven | 116.2% | 24.7% |
| Time to Breakeven | Not Fully Recovered days | 120 days |
| 2008 Global Financial Crisis | ||
| % Loss | -89.0% | -56.8% |
| % Gain to Breakeven | 808.9% | 131.3% |
| Time to Breakeven | 1,017 days | 1,480 days |
Compare to CODA, GEOS, TDY, LHX, DWSN
In The Past
MIND Technology's stock fell -84.6% during the 2022 Inflation Shock from a high on 2/10/2021. A -84.6% loss requires a 548.6% gain to breakeven.
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About MIND Technology (MIND)
MIND Technology, Inc., together with its subsidiaries, provides marine technology products. The company designs, manufactures, and sells specialized marine seismic equipment; and side scan sonar and water-side security systems. It operates in the United States, Europe, the Middle East, the Asia-Pacific, Canada, and Latin America. The company was formerly known as Mitcham Industries, Inc. and changed its name to MIND Technology, Inc. in August 2020. MIND Technology, Inc. was incorporated in 1987 and is headquartered in The Woodlands, Texas.
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Trimble for the ocean floor.
National Instruments for offshore data collection.
A specialized Teledyne for marine technology.
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- Marine Seismic Data Acquisition Systems: Provides specialized equipment and software for acquiring seismic data in marine environments, primarily for energy exploration and scientific research.
- Hydrographic and Oceanographic Survey Systems: Offers advanced systems for mapping the seafloor, detecting underwater objects, and collecting environmental data for various marine applications.
- Equipment Rental Services: Provides temporary access to its specialized marine seismic and survey equipment for customers needing flexible solutions.
- Technical Support and Parts: Supplies spare parts, offers repair services, and provides ongoing maintenance for its range of marine technology products.
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Major Customers of MIND Technology (MIND)
MIND Technology primarily sells its specialized marine technology and seismic exploration equipment to other companies and organizations, operating under a Business-to-Business (B2B) model.
While MIND Technology's public filings (such as its 10-K reports) indicate that a significant portion of its revenue can come from a few individual customers (e.g., in fiscal year 2023, two customers accounted for approximately 17% and 12% of total revenues, respectively), the company does not disclose the specific names of these major customers in its SEC filings. This is a common practice, often due to competitive and confidentiality reasons.
However, MIND Technology's customer base generally consists of the following categories of organizations that utilize its advanced seismic acquisition systems and other marine technology products:
- Seismic contractors (including major international seismic contractors involved in oil and gas exploration and other subsea surveys)
- Governmental agencies (such as naval forces, coast guards, and geological survey departments)
- Oceanographic and research institutions
- Defense industry participants
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Robert P. Capps President & Chief Executive Officer
Mr. Capps was appointed President and Chief Executive Officer of MIND Technology in January 2022, having previously served as Co-Chief Executive Officer since September 2015 and as a member of the board since July 2004. He also held the position of Executive Vice President and Chief Financial Officer of MIND Technology starting in June 2006. With over 35 years of financial experience, Mr. Capps has spent more than 20 years as a chief financial officer for several public companies. His prior roles include Executive Vice President and Chief Financial Officer of TeraForce Technology Corporation, a publicly-held provider of defense electronics products, from 1999 to 2006. From 1996 to 1999, he was Executive Vice President and Chief Financial Officer of Dynamex, Inc., a NASDAQ-listed supplier of same-day transportation services. Before Dynamex, Mr. Capps served as Executive Vice President and Chief Financial Officer of Hadson Corporation, a New York Stock Exchange-listed energy company. He is a Certified Public Accountant.
Mark Cox Vice President & Chief Financial Officer
Mark Cox serves as the Vice President and Chief Financial Officer of MIND Technology. His employment agreement was renewed in January 2025, solidifying his continued leadership in his roles. He is also the Chief Accounting Officer.
Guy Malden Executive Vice President, Marine Systems
Mr. Malden brings over 35 years of experience in the geophysical industry. From 1993 to 2003, he held various management roles with seismic equipment manufacturers, including Syntron, Inc. Prior to that, from 1975 to 1993, he served in various field and management capacities with Geophysical Service Inc./Halliburton Geophysical Services. He holds a degree in Marine Geology.
Mark Welker Vice President, Seamap
Mark Welker was appointed Vice President – Seamap in July 2016 and possesses over 25 years of experience in the manufacturing sector of the marine seismic industry. His career began in 1982 with Syntron Inc. From 1992 to 1996, as Managing Director of Syntron Asia Pte Ltd, he established a streamer manufacturing and repair facility in Singapore. He then moved to Syntron Inc. from 1996 to 1998 as Vice President of Worldwide Manufacturing, during which he also established and managed a joint venture cable factory in China. In 2001, he became Managing Director of Seamap Pte Ltd in Singapore, a company that MIND Technology acquired in 2005.
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The key risks to MIND Technology (symbol: MIND) are primarily centered around its shrinking backlog, market weakness in its core sectors, and intensifying competition.- Shrinking Backlog and Market Weakness in Key Sectors: MIND Technology faces a challenging outlook due to a shrinking backlog of orders and broader macro headwinds. The backlog for its Seamap Marine Products business significantly decreased by approximately 56% from $38.4 million at January 31, 2024, to $16.9 million as of January 31, 2025. This decline is influenced by customer cautiousness, a temporary softening in the seismic market, and secular weakness in the offshore energy and U.S. offshore wind sectors. Management has indicated that fiscal 2026 results are expected to be similar to fiscal 2025, reflecting this muted outlook.
- Intensifying Competition and Risk of Falling Behind in Defense Technology: The company is experiencing intensifying competition across both its energy and defense markets. There is also a risk that MIND Technology could be falling behind in defense technology, which could impact its competitive positioning and growth prospects in this segment.
- Projected Decline in Adjusted EBITDA and Profitability Challenges: Despite some revenue growth, MIND Technology is projected to face profitability challenges. The Adjusted EBITDA for fiscal year 2026 is expected to be significantly lower, at $2,918K, compared to $8,237K in fiscal year 2025. This substantial projected decline warrants attention from investors, indicating potential pressures on the company's overall profitability.
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The accelerating adoption of advanced Ocean Bottom Node (OBN) seismic acquisition systems, particularly those offered by key competitors like Sercel, poses a clear emerging threat to MIND Technology. This shift challenges MIND's historical strength in traditional towed streamer seismic equipment by offering superior data quality and operational flexibility for many high-value exploration and production monitoring projects. The increasing preference for OBN technology among energy companies risks diminishing demand for MIND's legacy offerings and creates intense competition for its own OBN solutions, which are newer to the market compared to established competitor systems.AI Analysis | Feedback
MIND Technology (NASDAQ: MIND) operates in the marine technology sector, providing specialized solutions for marine survey, seismic, and maritime security industries. Its primary products include GunLink seismic source acquisition and control systems, BuoyLink RGPS tracking systems, Sleeve Gun energy sources, and SeaLink towed seismic streamer systems.
The addressable markets for MIND Technology's main products and services are identified as follows:
- Global Seismic Services Market: This market was valued at USD 9.04 billion in 2024 and is projected to reach USD 15.13 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 6.74% during the forecast period. North America held a significant share, valued at USD 2.76 billion in 2024.
- Global Marine Sensor Technology Market: This market is expected to reach USD 5.3 billion by 2026, with a CAGR of 8.9% from 2021 to 2026.
- Global Marine Research and Monitoring Market: This market is projected to reach USD 7.2 billion by 2027, with a CAGR of 6.8% from 2022 to 2027. Ocean observation technologies are expected to generate USD 3.5 billion in revenue by 2025.
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MIND Technology (NASDAQ: MIND) anticipates several key drivers to fuel its revenue growth over the next 2-3 years, stemming from its strategic focus and favorable market conditions.
- Robust Backlog and Order Pipeline: The company consistently points to a strong backlog of firm orders and a significant pipeline of pending and highly confident orders as a primary indicator of future revenue. For instance, in Q2 FY2025, MIND Technology reported a strong backlog of approximately $26 million, with additional orders exceeding $6 million received subsequent to July 31. Although the backlog can fluctuate due to substantial deliveries, management has expressed confidence in converting these orders into revenue in coming quarters.
- Expansion of Aftermarket Revenue: Growth in aftermarket services, including spare parts, repairs, and technical support, is expected to be a significant contributor to revenue. Aftermarket revenue accounted for approximately 68% of total revenues in the first half of fiscal year 2026, highlighting its crucial role and higher-margin nature. The company recently expanded its Texas repair facility, aiming to further boost recurring and U.S.-based aftermarket revenue.
- New Product Development: MIND Technology is actively investing in research and development for its next-generation streamer system and continued enhancements to its Spectral Ai Software Suite. These ongoing R&D efforts are expected to lead to the launch of new products or improved services, creating additional revenue streams.
- Favorable Macroeconomic Tailwinds and Diversified Market Demand: The company is benefiting from strong general market conditions within the marine technology space. This includes sustained demand across its core industries: oceanographic, hydrographic, defense, seismic, and security. Additionally, MIND Technology is capitalizing on the energy transition, which is opening up alternative revenue streams in emerging sectors such as carbon storage, geothermal, offshore wind, and deep-sea mining.
- Strategic Price Increases and Enhanced Production Efficiencies: Price increases implemented in fiscal year 2024, coupled with improved production efficiencies, have already contributed to higher gross profit margins. Maintaining or further optimizing these strategies can lead to increased revenue and profitability, especially if demand remains strong and volumes grow.
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```htmlCapital Allocation Decisions for MIND Technology (MIND) over the Last 3-5 Years
Share Repurchases
- On August 28, 2025, MIND Technology's Board of Directors authorized the repurchase of up to $4.0 million of the company's common stock.
- This stock buyback program is authorized to continue at any time through August 31, 2027.
Share Issuance
- As of August 28, 2025, an "at-the-market" (ATM) program was established, allowing the company to sell up to $25.0 million of common stock from time to time.
- MIND Technology completed the conversion of all its 9% Series A Cumulative Preferred Stock into common stock on September 4, 2024, issuing approximately 6.6 million new common shares.
- In November 2021, the company offered 360,000 shares of its 9.00% Series A Cumulative Preferred Stock, with underwriters having an option to purchase an additional 54,000 shares, for an estimated total of $10.25 million.
Outbound Investments
- In August 2023, MIND Technology sold its Klein Sonar Unit, which was a divestiture of an operational unit.
Capital Expenditures
- By July 31, 2025, the company completed an expansion at its Texas repair facility to enhance manufacturing and repair capabilities.
- Research and development expense for the third quarter of fiscal 2025 (ended October 31, 2024) was $562,000, primarily focused on the development of its next-generation streamer system.
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| ARTICLES |
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Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 11.54 |
| Mkt Cap | 0.1 |
| Rev LTM | 82 |
| Op Inc LTM | 5 |
| FCF LTM | 6 |
| FCF 3Y Avg | 1 |
| CFO LTM | 7 |
| CFO 3Y Avg | 4 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 2.4% |
| Rev Chg 3Y Avg | 8.2% |
| Rev Chg Q | 4.5% |
| QoQ Delta Rev Chg LTM | 1.1% |
| Op Mgn LTM | 10.9% |
| Op Mgn 3Y Avg | 8.5% |
| QoQ Delta Op Mgn LTM | -0.4% |
| CFO/Rev LTM | 13.4% |
| CFO/Rev 3Y Avg | 8.4% |
| FCF/Rev LTM | 11.7% |
| FCF/Rev 3Y Avg | 4.7% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 0.1 |
| P/S | 2.2 |
| P/EBIT | 18.9 |
| P/E | 29.5 |
| P/CFO | 16.4 |
| Total Yield | 2.7% |
| Dividend Yield | 0.0% |
| FCF Yield 3Y Avg | 0.4% |
| D/E | 0.1 |
| Net D/E | -0.0 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | 8.7% |
| 3M Rtn | 21.2% |
| 6M Rtn | 25.7% |
| 12M Rtn | 52.3% |
| 3Y Rtn | 72.8% |
| 1M Excs Rtn | 9.2% |
| 3M Excs Rtn | 18.9% |
| 6M Excs Rtn | 19.5% |
| 12M Excs Rtn | 35.9% |
| 3Y Excs Rtn | 8.4% |
Comparison Analyses
Segment Financials
Revenue by Segment| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Seamap Marine Products | 37 | 25 | 17 | ||
| Corporate Expenses | 0 | 0 | |||
| Eliminations | -0 | ||||
| Klein Marine Products | 6 | ||||
| Klein | 4 | 7 | |||
| Seamap | 17 | 22 | |||
| Seismic Asia Pacific Pty Ltd (SAP) | 0 | ||||
| Total | 37 | 25 | 23 | 21 | 30 |
| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Seamap Marine Products | 7 | -4 | |||
| Corporate Expenses | -7 | -5 | |||
| Eliminations | 0 | ||||
| Klein Marine Products | -5 | ||||
| Total | 1 | -15 |
| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Seamap Marine Products | 33 | 24 | |||
| Corporate | 1 | 1 | |||
| Klein Marine Products | 9 | ||||
| Other | 8 | ||||
| Total | 33 | 42 |
Price Behavior
Price Behavior
| Market Price | $8.50 | |
| Market Cap ($ Bil) | 0.1 | |
| First Trading Date | 12/29/2006 | |
| Distance from 52W High | -40.5% | |
| 50 Days | 200 Days | |
| DMA Price | $9.12 | $8.89 |
| DMA Trend | up | down |
| Distance from DMA | -6.8% | -4.4% |
| 3M | 1YR | |
| Volatility | 93.8% | 90.4% |
| Downside Capture | 239.81 | 183.91 |
| Upside Capture | 29.73 | 151.42 |
| Correlation (SPY) | 20.6% | 32.5% |
MIND Betas & Captures as of 1/31/2026
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 0.15 | 0.76 | 2.24 | 2.35 | 1.44 | 0.91 |
| Up Beta | -1.86 | -4.00 | -1.47 | 2.78 | 1.21 | 0.79 |
| Down Beta | 1.13 | 1.74 | 3.60 | 2.85 | 1.55 | 1.27 |
| Up Capture | -31% | 2% | 164% | 169% | 171% | 1% |
| Bmk +ve Days | 11 | 22 | 34 | 71 | 142 | 430 |
| Stock +ve Days | 10 | 22 | 32 | 65 | 122 | 354 |
| Down Capture | -34% | 159% | 270% | 189% | 133% | 99% |
| Bmk -ve Days | 9 | 19 | 27 | 54 | 109 | 321 |
| Stock -ve Days | 10 | 19 | 29 | 59 | 126 | 375 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with MIND | |
|---|---|---|---|---|
| MIND | -1.0% | 90.1% | 0.38 | - |
| Sector ETF (XLK) | 19.0% | 27.6% | 0.61 | 32.8% |
| Equity (SPY) | 14.0% | 19.4% | 0.55 | 32.4% |
| Gold (GLD) | 74.3% | 25.3% | 2.17 | 11.6% |
| Commodities (DBC) | 7.0% | 16.7% | 0.24 | 13.3% |
| Real Estate (VNQ) | 7.9% | 16.6% | 0.28 | 19.8% |
| Bitcoin (BTCUSD) | -29.8% | 44.9% | -0.65 | 23.3% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with MIND | |
|---|---|---|---|---|
| MIND | -17.5% | 82.4% | 0.12 | - |
| Sector ETF (XLK) | 16.2% | 24.8% | 0.59 | 16.5% |
| Equity (SPY) | 13.3% | 17.0% | 0.62 | 18.8% |
| Gold (GLD) | 22.1% | 17.0% | 1.06 | 6.6% |
| Commodities (DBC) | 10.5% | 18.9% | 0.44 | 9.5% |
| Real Estate (VNQ) | 5.2% | 18.8% | 0.18 | 10.1% |
| Bitcoin (BTCUSD) | 8.3% | 57.2% | 0.37 | 11.9% |
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Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with MIND | |
|---|---|---|---|---|
| MIND | -9.5% | 77.2% | 0.21 | - |
| Sector ETF (XLK) | 23.0% | 24.2% | 0.86 | 14.5% |
| Equity (SPY) | 15.6% | 17.9% | 0.75 | 17.8% |
| Gold (GLD) | 15.3% | 15.6% | 0.82 | 1.3% |
| Commodities (DBC) | 8.1% | 17.6% | 0.38 | 12.4% |
| Real Estate (VNQ) | 6.4% | 20.7% | 0.27 | 14.4% |
| Bitcoin (BTCUSD) | 67.9% | 66.7% | 1.07 | 6.4% |
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Returns Analyses
Earnings Returns History
Expand for More| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 12/9/2025 | -24.1% | -25.4% | -5.5% |
| 9/9/2025 | -14.5% | -11.8% | 5.5% |
| 4/22/2025 | 26.5% | 17.5% | 18.2% |
| 12/10/2024 | 42.3% | 69.7% | 83.9% |
| 9/11/2024 | 5.2% | 4.7% | 4.4% |
| 4/29/2024 | 29.0% | 23.5% | -7.4% |
| 12/13/2023 | -17.0% | 0.0% | -4.3% |
| 9/13/2023 | 1.3% | -12.3% | -23.9% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 9 | 7 | 7 |
| # Negative | 7 | 9 | 9 |
| Median Positive | 11.3% | 17.5% | 15.0% |
| Median Negative | -12.2% | -11.8% | -9.6% |
| Max Positive | 42.3% | 69.7% | 83.9% |
| Max Negative | -24.1% | -29.1% | -36.9% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 10/31/2025 | 12/11/2025 | 10-Q |
| 07/31/2025 | 09/10/2025 | 10-Q |
| 04/30/2025 | 06/11/2025 | 10-Q |
| 01/31/2025 | 04/25/2025 | 10-K |
| 10/31/2024 | 12/12/2024 | 10-Q |
| 07/31/2024 | 09/12/2024 | 10-Q |
| 04/30/2024 | 06/11/2024 | 10-Q |
| 01/31/2024 | 04/30/2024 | 10-K |
| 10/31/2023 | 12/14/2023 | 10-Q |
| 07/31/2023 | 09/14/2023 | 10-Q |
| 04/30/2023 | 06/14/2023 | 10-Q |
| 01/31/2023 | 05/01/2023 | 10-K |
| 10/31/2022 | 12/14/2022 | 10-Q |
| 07/31/2022 | 09/13/2022 | 10-Q |
| 04/30/2022 | 06/09/2022 | 10-Q |
| 01/31/2022 | 04/29/2022 | 10-K |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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