Added to YB: 2025-01-14
Pitch date: 2025-01-12
MIND [bullish]
MIND Technology, Inc.
+22.9%
current return
Author Info
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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
$6.90
Price Target
14.00 (+65%)
Dividend
N/A
EV/EBITDA
12.65
P/E
5.62
EV/Sales
2.20
Sector
Energy Equipment and Services
Category
value
MIND Technology: A Turnaround Tale Poised for a Seismic Upside
MIND: Marine tech co post-pivot; 4 profitable quarters, zero debt. $26M backlog, 2x pipeline. Trades 6.5x EV/EBITDA vs peers 3-6x higher. Key markets: offshore energy, subsea mapping, maritime defense. Risks: cyclical exposure, execution, small-cap challenges. Potential double on re-rating to 15x EV/EBITDA.
Read full article (5 min)