Bright Minds Financials

DRUG Stock  USD 39.18  1.07  2.81%   
Based on the key indicators related to Bright Minds' liquidity, profitability, solvency, and operating efficiency, Bright Minds Biosciences is not in a good financial situation at this time. It has a very high odds of going through financial crisis in December. At this time, Bright Minds' Total Stockholder Equity is most likely to increase significantly in the upcoming years. The Bright Minds' current Cash is estimated to increase to about 8.6 M, while Net Tangible Assets are projected to decrease to roughly 8.4 M. Key indicators impacting Bright Minds' financial strength include:
Current ValueLast YearChange From Last Year 10 Year Trend
Current Ratio11.4821.83
Way Down
Slightly volatile
Investors should never underestimate Bright Minds' ability to pay suppliers on time, ensure interest payments are not accumulating, and correctly time where and how to reinvest extra cash. Individual investors need to monitor Bright Minds' cash flow, debt, and profitability to make informed and accurate decisions about investing in Bright Minds Biosciences.

Net Income

(6.97 Million)

  
Understanding current and past Bright Minds Financials, including the trends in assets, liabilities, equity and income are directly related to making proper and timely investing decisions. All of Bright Minds' financial statements are interrelated, with each one affecting the others. For example, an increase in Bright Minds' assets may result in an increase in income on the income statement.

Bright Minds Stock Summary

Bright Minds competes with Revelation Biosciences, Zura Bio, Phio Pharmaceuticals, ZyVersa Therapeutics, and Transcode Therapeutics. Bright Minds Biosciences Inc., a pre-clinical biosciences company, develops 5-HT medicines to improve the lives of patients with severe and life-altering diseases. The company was incorporated in 2019 and is headquartered in Vancouver, Canada. Bright Minds is traded on NASDAQ Exchange in the United States.
Specialization
Health Care, Pharmaceuticals, Biotechnology & Life Sciences
InstrumentUSA Stock View All
ExchangeNASDAQ Exchange
ISINCA10919W1086
CUSIP10919W108 10919W405
LocationBritish Columbia; Canada
Business Address19 Vestry Street,
SectorBiotechnology
IndustryHealth Care
BenchmarkDow Jones Industrial
Websitebrightmindsbio.com
Phone647 407 2515
CurrencyUSD - US Dollar

Bright Minds Key Financial Ratios

Bright Minds Key Balance Sheet Accounts

201920202021202220232024 (projected)
Total Assets880.2K20.0M12.1M6.9M7.9M8.8M
Other Current Liab12.5K42K158.2K25K28.8K27.3K
Net Debt(799.9K)(19.8M)(11.5M)(6.7M)(6.0M)(6.3M)
Retained Earnings(559.1K)(9.2M)(24.2M)(31.5M)(28.4M)(27.0M)
Accounts Payable138.4K596.6K1.2M182.3K209.7K199.2K
Cash799.9K19.8M11.6M6.7M7.8M8.6M
Total Liab150.9K638.6K1.5M280.9K323.0K583.3K
Total Current Assets878.2K20.0M11.9M6.8M7.8M8.7M
Common Stock980.7K27.1M32.2M33.9M39.0M20.8M

Bright Minds Key Cash Accounts

201920202021202220232024 (projected)
Change In Cash719.9K19.0M(8.1M)(4.9M)(4.4M)(4.2M)
Free Cash Flow(288.4K)(7.3M)(13.6M)(7.0M)(6.3M)(6.6M)
Other Non Cash Items161.3K144.8K(229.6K)65.1K58.6K40.3K
Net Income(480.4K)(8.7M)(15.0M)(7.4M)(6.6M)(7.0M)
End Period Cash Flow799.9K19.8M11.6M6.7M7.8M8.6M

Bright Financial Ratios Relationships

Comparative valuation techniques use various fundamental indicators to help in determining Bright Minds's current stock value. Our valuation model uses many indicators to compare Bright Minds value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Bright Minds competition to find correlations between indicators driving Bright Minds's intrinsic value. More Info.
Bright Minds Biosciences is rated # 3 in return on equity category among its peers. It is rated # 5 in return on asset category among its peers . At this time, Bright Minds' Return On Equity is most likely to slightly decrease in the upcoming years. Comparative valuation analysis is a catch-all technique that is used if you cannot value Bright Minds by discounting back its dividends or cash flows. It compares the stock's price multiples to nearest competition to determine if the stock is relatively undervalued or overvalued.

Bright Minds Biosciences Systematic Risk

Bright Minds' systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. Bright Minds volatility which cannot be eliminated through diversification, requires returns over the risk-free rate. Over the long run, a well-diversified portfolio provides returns that match its exposure to systematic risk. In this case, investors face a trade-off between expected returns and systematic risk and, therefore, can only reduce a portfolio's exposure to systematic risk by sacrificing expected returns on the portfolio.
The output start index for this execution was fourteen with a total number of output elements of fourty-seven. The Beta measures systematic risk based on how returns on Bright Minds Biosciences correlated with the market. If Beta is less than 0 Bright Minds generally moves in the opposite direction as compared to the market. If Bright Minds Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Bright Minds Biosciences is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Bright Minds is generally in the same direction as the market. If Beta > 1 Bright Minds moves generally in the same direction as, but more than the movement of the benchmark.

Bright Minds Thematic Clasifications

Bright Minds Biosciences is part of Pharmaceutical Products investing theme. If you are a theme-oriented, socially responsible, and at the same time, a result-driven investor, you can align your investing habits with your values without jeopardizing your expectations about returns. You can easily create an optimal portfolio of stocks, ETFs, funds, or cryptocurrencies based on a specific theme of your liking. USA Equities from Pharmaceutical Products industry as classified by Fama & French. Fama and French investing themes focus on testing asset pricing under different economic assumptions
Pharmaceutical ProductsView
This theme covers USA Equities from Pharmaceutical Products industry as classified by Fama & French. Fama and French investing themes focus on testing asset pricing under different economic assumptions. Get More Thematic Ideas
Today, most investors in Bright Minds Stock are looking for potential investment opportunities by analyzing not only static indicators but also various Bright Minds' growth ratios. Consistent increases or decreases in fundamental ratios usually indicate a possible pattern that can be successfully translated into profits. However, when comparing two companies, knowing each company's growth growth rates may not be enough to decide which company is a better investment. That's why investors frequently use static breakdown of Bright Minds growth as a starting point in their analysis.

Price Earnings To Growth Ratio

0.0151

At this time, Bright Minds' Price Earnings To Growth Ratio is most likely to increase slightly in the upcoming years.

Bright Minds November 28, 2024 Opportunity Range

Along with financial statement analysis, the daily predictive indicators of Bright Minds help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of Bright Minds Biosciences. We use our internally-developed statistical techniques to arrive at the intrinsic value of Bright Minds Biosciences based on widely used predictive technical indicators. In general, we focus on analyzing Bright Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Bright Minds's daily price indicators and compare them against related drivers.

Complementary Tools for Bright Stock analysis

When running Bright Minds' price analysis, check to measure Bright Minds' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Bright Minds is operating at the current time. Most of Bright Minds' value examination focuses on studying past and present price action to predict the probability of Bright Minds' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Bright Minds' price. Additionally, you may evaluate how the addition of Bright Minds to your portfolios can decrease your overall portfolio volatility.
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