Added to YB: 2024-09-11
Pitch date: 2024-09-09
MIND [bullish]
MIND Technology, Inc.
+165.16%
current return
Author Info
Company Info
MIND Technology, Inc., together with its subsidiaries, provides technology to the oceanographic, hydrographic, defense, seismic, and maritime security industries in the United States, China, Norway, Turkey, Singapore, Canada, and internationally.
Market Cap
$113.9M
Pitch Price
$3.20
Price Target
N/A
Dividend
N/A
EV/EBITDA
12.65
P/E
5.62
EV/Sales
2.20
Sector
Energy Equipment and Services
Category
growth
Mind Technology: Delicious Dip
MIND: Profitable post-preferred conversion, no debt. Dip due to fear of share dumping & lack of new orders. Backlog $31M, potential for $48M+. Strong growth in offshore O&G, wind. Near-monopoly in source controllers. Upside: operating leverage, NASDAQ listing, acquisition potential. Risks: volatile stock, order-dependent.
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