MIND - Mitcham Industries Inc Stock Price, Fair Value and News

4.31USD-0.09 (-2.05%)Market Closed

Market Summary

USD4.31-0.09

Market Closed

-2.05%

MIND Stock Price

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MIND RSI Chart

MIND Valuation

Market Cap

6.1M

Price/Earnings (Trailing)

22.07

Price/Sales (Trailing)

0.16

EV/EBITDA

0.42

Price/Free Cashflow

-1.16

MIND Price/Sales (Trailing)

MIND Profitability

EBT Margin

-0.47%

Return on Equity

1.21%

Return on Assets

0.82%

Free Cashflow Yield

-85.96%

MIND Fundamentals

MIND Revenue

Revenue (TTM)

38.1M

Rev. Growth (Yr)

80.76%

Rev. Growth (Qtr)

137.01%

MIND Earnings

Earnings (TTM)

274.5K

Earnings Growth (Yr)

116.29%

Earnings Growth (Qtr)

153.61%

Breaking Down MIND Revenue

Last 7 days

-3.6%

Last 30 days

5.9%

Last 90 days

-28.3%

Trailing 12 Months

618.3%

How does MIND drawdown profile look like?

MIND Financial Health

Current Ratio

2.76

Debt/Equity

0.28

Debt/Cashflow

-0.79

MIND Investor Care

Shares Dilution (1Y)

1.87%

Historical Charts for Stock Metrics

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Net sales

Year	Q1	Q2	Q3	Q4
2024	38.1M	0	0	0
2023	27.4M	30.9M	30.9M	32.8M
2022	23.1M	28.0M	29.9M	24.6M
2021	21.2M	22.2M	23.9M	25.7M
2020	38.1M	31.4M	29.7M	28.1M
2019	42.9M	45.2M	43.7M	37.2M
2018	48.3M	37.5M	35.0M	41.0M
2017	41.0M	47.7M	49.9M	50.5M
2016	51.8M	46.4M	47.5M	39.9M
2015	83.1M	74.6M	62.6M	55.3M
2014	92.1M	90.5M	89.2M	91.8M
2013	104.7M	97.3M	95.2M	96.9M
2012	112.8M	121.0M	122.8M	113.3M
2011	71.4M	81.4M	87.5M	95.5M
2010	55.2M	0	60.6M	66.0M

Get all data in R, Python etc through our Historical Stock Data APIs

Tracking the Latest Insider Buys and Sells of Mitcham Industries Inc

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
Jul 18, 2022	blum peter h	bought	56,960	7.12	8,000	-
Jul 15, 2022	blum peter h	bought	72,700	7.27	10,000	-
Jun 23, 2022	blum peter h	bought	8,300	0.83	10,000	-
Jun 23, 2022	blum peter h	bought	28,540	14.27	2,000	-
Jun 22, 2022	blum peter h	bought	8,500	0.85	10,000	-
Jun 21, 2022	blum peter h	bought	8,700	0.87	10,000	-
Jun 16, 2022	blum peter h	bought	21,437	12.64	1,696	-
Dec 16, 2021	blum peter h	bought	75,000	1.5	50,000	-
Oct 29, 2021	blum peter h	bought	17,200	1.72	10,000	-
Oct 28, 2021	blum peter h	bought	17,000	1.7	10,000	-

Which funds bought or sold MIND recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
May 15, 2024	RBF Capital, LLC	unchanged	-	-24,897	55,751	-%
May 15, 2024	Tower Research Capital LLC (TRC)	added	64.36	907	7,563	-%
May 14, 2024	NewEdge Advisors, LLC	unchanged	-	-4.00	9.00	-%
May 13, 2024	RENAISSANCE TECHNOLOGIES LLC	reduced	-1.96	-97,000	205,000	-%
May 13, 2024	GEODE CAPITAL MANAGEMENT, LLC	added	4.33	-17,132	50,779	-%
May 13, 2024	UBS Group AG	unchanged	-	-407	911	-%
May 10, 2024	VANGUARD GROUP INC	unchanged	-	-23,255	52,075	-%
May 10, 2024	BlackRock Inc.	reduced	-5.77	-56,620	105,804	-%
May 10, 2024	WELLS FARGO & COMPANY/MN	unchanged	-	-20.00	46.00	-%
May 09, 2024	BRIGHTON JONES LLC	reduced	-0.15	-65,129	145,119	-%

Are Funds Buying or Selling MIND?

Are funds buying MIND calls or puts?

Calls

Puts

No. of funds holding Calls - Puts

Net Call Options

No. of funds that own MIND

No. of Funds

Unveiling Mitcham Industries Inc's Major ShareHolders

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 10, 2022	vanguard group inc	4.92%	677,560	SC 13G/A
Nov 10, 2021	ariel investments, llc	0.0%	0	SC 13G/A
Jul 09, 2021	ariel investments, llc	9.3%	1,285,657	SC 13G/A
Mar 10, 2021	ariel investments, llc	14.5%	1,768,950	SC 13G/A
Feb 12, 2021	ariel investments, llc	21.6%	2,631,312	SC 13G
Feb 10, 2021	vanguard group inc	5.15%	663,672	SC 13G
Aug 04, 2020	wasatch advisors inc	-	0	SC 13G/A
Feb 14, 2020	ariel investments, llc	23.6%	2,872,310	SC 13G/A
Feb 12, 2020	dimensional fund advisors lp	7.48%	910,584	SC 13G/A
Feb 10, 2020	wasatch advisors inc	-	0	SC 13G

Recent SEC filings of Mitcham Industries Inc

View All Filings

Date Filed	Form Type	Document
May 08, 2024	DEFR14A	DEFR14A
May 08, 2024	DEFA14A	DEFA14A
May 08, 2024	8-K	Current Report
Apr 30, 2024	10-K	Annual Report
Apr 29, 2024	8-K	Current Report
Apr 24, 2024	DEFA14A	DEFA14A
Apr 24, 2024	8-K	Current Report
Apr 12, 2024	DEFA14A	DEFA14A
Apr 12, 2024	8-K	Current Report
Mar 25, 2024	DEFA14A	DEFA14A

Peers (Alternatives to Mitcham Industries Inc)

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
AAPL	2.9T	381.6B	13.05%	8.50%	29.01	7.63	-0.90%	6.43%
APH	79.2B	12.8B	18.32%	73.26%	38.89	6.17	1.52%	6.35%
GLW	30.3B	12.4B	14.17%	13.04%	49.07	2.45	-9.51%	-33.28%
FTV	27.2B	6.1B	-3.77%	17.13%	30.2	4.43	3.71%	17.79%
FLEX	11.8B	28.1B	4.34%	21.12%	11.7	0.42	-5.94%	26.86%
MID-CAP
CGNX	8.2B	847.2M	22.04%	-8.33%	82.44	9.7	-8.39%	-42.67%
ARW	7.0B	31.3B	7.85%	6.15%	9.82	0.22	-14.93%	-46.67%
BMI	5.8B	740.8M	28.88%	40.20%	56.51	7.8	25.07%	42.99%
AVT	4.8B	24.7B	14.45%	25.08%	8.44	0.19	-6.09%	-33.76%
ESE	2.8B	988.8M	12.19%	14.65%	28.58	2.84	8.64%	13.26%
SMALL-CAP
CNXN	1.8B	2.8B	10.03%	54.73%	21.81	0.65	-10.09%	0.74%
BHE	1.5B	2.8B	37.18%	85.46%	22.52	0.53	-4.25%	-5.27%
GPRO	246.3M	986.2M	-7.39%	-59.95%	-0.68	0.25	-6.21%	-5303.34%
CPSH	25.8M	26.4M	2.30%	-40.07%	33.65	0.98	-2.48%	-64.63%
AEY	22.4M	56.7M	-36.44%	-0.66%	-3.8	0.59	-41.04%	-726.48%

Mitcham Industries Inc News

Latest updates

Mitcham Industries Inc Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)

(*) denotes actual numbers (not divided by Thousands)
Income Statement (Quarterly)																					(In Thousands)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Revenue	137.0%	11,789,000	4,974,000	8,750,000	12,586,000	6,522,000	3,038,000	8,713,000	9,087,000	3,759,000	8,347,000	6,807,000	4,194,000	6,401,000	6,541,000	5,086,000	3,187,000	13,257,000	8,175,000	6,820,000	9,857,000	12,328,000
Gross Profit	150.2%	5,637,500	2,253,000	3,267,000	5,417,000	3,257,500	862,000	3,538,000	3,289,000	85,000	3,170,000	2,224,000	543,000	2,534,000	2,274,000	2,017,000	484,000	5,947,000	3,315,000	2,807,000	3,741,000	3,411,000
Operating Expenses	-22.7%	2,863,000	3,706,000	4,815,000	5,128,000	2,319,500	3,766,000	5,089,000	5,765,000	5,184,000	5,223,000	4,823,000	5,336,000	6,022,000	4,547,000	4,443,000	6,625,000	4,692,000	4,634,000	4,483,000	6,197,000	5,934,000
S&GA Expenses	-18.5%	2,397,500	2,941,000	3,514,000	3,874,000	2,407,500	3,023,000	3,789,000	4,272,000	3,663,000	3,903,000	3,378,000	3,817,000	3,733,000	2,973,000	2,988,000	2,954,000	2,864,500	3,401,000	3,380,000	5,232,000	4,952,000
R&D Expenses	-34.6%	332,000	508,000	842,000	773,000	-288,000	412,000	833,000	1,014,000	1,029,000	826,000	888,000	853,000	926,000	912,000	755,000	410,000	408,000	629,000	498,000	315,000	302,000
EBITDA Margin	246.7%	0.05	0.01	-0.04	-0.05	-0.13	-0.43	-0.32	-0.37	-0.49	-0.34	-0.36	-0.38	-0.50	-	-	-	-	-	-	-	-
Interest Expenses	-42.0%	98,000	169,000	203,000	204,000	-	-	-	4,000	5,000	8,000	9,000	9,000	6,000	11,000	12,000	11,000	60,000	-12,000	-11,000	-11,000	25,000
Income Taxes	560.3%	739,500	112,000	77,000	418,000	319,000	38,000	131,000	211,000	-150,000	59,000	197,000	-145,000	615,000	109,000	-530,000	342,000	715,000	-31,000	-46,000	55,000	-21,000
Earnings Before Taxes	266.3%	2,656,000	-1,597,000	-1,417,000	178,000	1,316,500	-2,800,000	-1,627,000	-2,594,000	-5,243,000	-2,000,000	-2,542,000	-3,800,000	-2,680,000	-2,261,000	-2,426,000	-6,085,000	-2,993,000	-1,350,000	-1,540,000	-2,400,000	-4,176,000
EBT Margin	89.8%	0.00	-0.05	-0.10	-0.10	-0.19	-0.50	-0.38	-0.44	-0.59	-0.43	-0.47	-0.50	-0.64	-	-	-	-	-	-	-	-
Net Income	153.6%	1,440,500	568,000	-1,494,000	-240,000	666,000	-5,159,000	-1,920,000	-2,419,000	-5,863,000	-2,578,000	-2,660,000	-3,984,000	-3,470,000	-3,590,000	-6,604,000	-6,642,000	-3,708,000	-2,028,000	-3,137,000	-2,415,000	-4,155,000
Net Income Margin	147.3%	0.01	-0.02	-0.15	-0.16	-0.24	-0.62	-0.43	-0.48	-0.65	-0.49	-0.57	-0.79	-0.96	-	-	-	-	-	-	-	-
Free Cashflow	127.4%	615,000	-2,244,000	-535,000	-3,044,000	-693,000	-35,000	882,000	-3,629,000	-6,601,000	-4,162,000	-4,390,000	-2,815,000	-1,583,000	-	-	-	-	-	-	-	-

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet																					(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Assets	12.3%	33.00	30.00	34.00	34.00	33.00	34.00	36.00	38.00	42.00	35.00	36.00	36.00	40.00	41.00	43.00	51.00	58.00	62.00	63.00	64.00	65.00
Current Assets	16.1%	28.00	24.00	25.00	24.00	22.00	23.00	24.00	26.00	29.00	23.00	24.00	23.00	27.00	27.00	29.00	29.00	39.00	33.00	35.00	34.00	36.00
Cash Equivalents	-4.8%	5.00	6.00	0.00	1.00	1.00	1.00	1.00	1.00	5.00	1.00	2.00	2.00	5.00	3.00	3.00	5.00	3.00	5.00	8.00	8.00	10.00
Inventory	0.8%	13.00	13.00	16.00	14.00	11.00	17.00	14.00	14.00	14.00	11.00	12.00	12.00	11.00	12.00	13.00	14.00	13.00	14.00	13.00	11.00	11.00
Net PPE	-1.4%	1.00	1.00	4.00	4.00	1.00	4.00	4.00	4.00	4.00	4.00	4.00	5.00	5.00	5.00	5.00	12.00	5.00	14.00	12.00	13.00	14.00
Goodwill	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3.00	3.00	3.00	3.00	3.00
Liabilities	25.7%	11.00	9.00	13.00	11.00	10.00	12.00	10.00	11.00	12.00	10.00	9.00	9.00	9.00	10.00	10.00	11.00	11.00	12.00	11.00	10.00	9.00
Current Liabilities	30.0%	10.00	8.00	12.00	10.00	9.00	10.00	8.00	10.00	11.00	9.00	8.00	8.00	8.00	6.00	6.00	9.00	8.00	9.00	8.00	7.00	7.00
Shareholder's Equity	6.8%	23.00	21.00	21.00	23.00	23.00	22.00	26.00	27.00	30.00	25.00	27.00	27.00	30.00	31.00	34.00	41.00	48.00	50.00	52.00	54.00	57.00
Retained Earnings	1.1%	-128	-129	-129	-127	-127	-128	-123	-121	-117	-111	-107	-104	-99.87	-95.82	-91.67	-84.51	-77.31	-73.04	-70.49	-66.86	-63.97
Additional Paid-In Capital	0.0%	113	113	130	130	130	129	129	129	129	129	129	128	128	126	124	124	124	124	123	123	123
Shares Outstanding	0%	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	-	-	-	-	-	-	-	-
Float	-	-	-	9.00	-	-	-	10.00	-	-	-	26.00	-	-	-	26.00	-	-	-	49.00	-	-

Cashflow (Last 12 Months)

(In Thousands)

(*) denotes actual numbers (not divided by Thousands)
Cashflow (Quarterly)																					(In Thousands)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Cashflow From Operations	130.6%	657	-2,147	-490	-2,987	-654	246	1,025	-3,522	-5,906	-4,037	-4,384	-2,807	-1,557	-2,237	-3,495	929	-1,570	-744	-1,652	-1,851	2,503
Share Based Compensation	-102.8%	-3.00	106	108	50.00	130	136	152	236	224	183	115	121	146	113	219	230	242	271	169	172	206
Cashflow From Investing	-100.0%	-	10,784	153	81.00	619	-260	-65.00	176	1,555	2,578	1,052	179	637	972	359	1,239	-910	-1,800	19.00	603	1,128
Cashflow From Financing	73.2%	-946	-3,536	2.00	2,945	-	-	-947	-948	8,843	-39.00	3,416	-33.00	2,734	1,291	1,048	-559	1,005	-292	1,098	-62.00	255
Buy Backs	-	-	-	-	-	-	-	-	1.00	-	-	-	2.00	-	-	-	-	-	-	-	-	-

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MIND Income Statement

2024-01-31

Consolidated Statements of Operations - USD ($) shares in Thousands, $ in Thousands	12 Months Ended
	Jan. 31, 2024	Jan. 31, 2023
Revenues:
Sale of marine technology products	$ 36,510	$ 25,012
Cost of sales:
Gross profit	15,971	9,950
Operating expenses:
Selling, general and administrative	12,142	12,883
Research and development	2,133	1,373
Depreciation and amortization	1,178	1,344
Total operating expenses	15,453	15,600
Operating income (loss)	518	(5,650)
Other (expense) income	(280)	256
Income (loss) from continuing operations before income taxes	238	(5,394)
Provision for income taxes	(1,338)	(699)
Loss from continuing operations	(1,100)	(6,093)
Income (loss) from discontinued operations, net of income taxes	1,374	(2,739)
Net income (loss)	274	(8,832)
Preferred stock dividends - declared	(946)	(947)
Preferred stock dividends - undeclared	(2,842)	(2,841)
Net loss attributable to common stockholders	$ (3,514)	$ (12,620)
Net (loss) income per common share - Basic and diluted
Continuing operations (in dollars per share)	$ (3.48)	$ (7.03)
Discontinued operations (in dollars per share)	0.98	(1.95)
Net loss (in dollars per share)	$ (2.5)	$ (8.98)
Basic (in shares)	1,406	1,405
Diluted (in shares)	1,406	1,405
Marine Technology Products [Member]
Cost of sales:
Total cost of sales	$ 20,539	$ 15,062

MIND Balance Sheet

2024-01-31

Consolidated Balance Sheets - USD ($)	Jan. 31, 2024	Jan. 31, 2023
Current assets:
Cash and cash equivalents	$ 5,289,000	$ 778,000
Accounts receivable, net of allowance for credit losses of $332 and $332 at January 31, 2024 and 2023, respectively	6,566,000	3,247,000
Inventories, net	13,371,000	11,026,000
Prepaid expenses and other current assets	3,113,000	1,400,000
Current assets of discontinued operations	0	5,783,000
Total current assets	28,339,000	22,234,000
Property and equipment, net	818,000	953,000
Operating lease right-of-use assets	1,324,000	1,749,000
Intangible assets, net	2,888,000	3,633,000
Deferred tax asset	122,000	0
Long-term assets of discontinued operations	0	4,289,000
Total assets	33,491,000	32,858,000
Current liabilities:
Accounts payable	1,623,000	2,494,000
Deferred revenue	203,000	144,000
Accrued expenses and other current liabilities	5,586,000	1,477,000
Income taxes payable	2,114,000	1,493,000
Operating lease liabilities - current	751,000	903,000
Current liabilities of discontinued operations	0	2,420,000
Total current liabilities	10,277,000	8,931,000
Operating lease liabilities - non-current	573,000	846,000
Deferred tax liability	0	29,000
Total liabilities	10,850,000	9,806,000
Stockholders’ equity:
Preferred stock, $1.00 par value; 2,000 shares authorized; 1,683 shares issued and outstanding at each January 31, 2024, and 2023	37,779,000	37,779,000
Common stock $0.01 par value; 40,000 shares authorized; 1,406 and 1,599 shares issued at January 31, 2024 and 2023, respectively	14,000	16,000
Additional paid-in capital	113,121,000	129,721,000
Treasury stock, at cost (0 and 193 shares at January 31, 2024 and 2023, respectively)	0	(16,863,000)
Accumulated deficit	(128,307,000)	(127,635,000)
Accumulated other comprehensive gain	34,000	34,000
Total stockholders’ equity	22,641,000	23,052,000
Total liabilities and stockholders’ equity	$ 33,491,000	$ 32,858,000

About Mitcham Industries Inc

MIND Technology, Inc., together with its subsidiaries, provides technology to the oceanographic, hydrographic, defense, seismic, and maritime security industries. It operates in two segments, Seamap Marine Products and Klein Marine Products. The company's products include the GunLink seismic source acquisition and control systems that provide operators of marine seismic surveys with precise monitoring and control of energy sources; the BuoyLink RGPS tracking system, which is used to offer precise positioning of marine seismic energy sources and streamers; Sleeve Gun energy sources; Sea Serpent line of passive sonar arrays for maritime security and anti-submarine warfare applications; SeaLink towed streamer systems; and SeaLink towed seismic streamer system. It also provides streamer weight collars, depth and pressure transducers, air control valves, and source array systems; spare and replacement parts; and repair and engineering services, training and field service operations, and umbilical terminations, as well as side scan sonar equipment and systems. The company markets its products to governmental and commercial customers through internal sales organization and a network of distributors and representatives. It operates in the United States, Europe, Canada, Africa, Mexico, South America, the Asia/South Pacific, and internationally. The company was formerly known as Mitcham Industries, Inc. MIND Technology, Inc. was incorporated in 1987 and is headquartered in The Woodlands, Texas.

CEO	Mr. Robert P. Capps
WEBSITE	https://mind-technology.com
INDUSTRY	Consumer Electronics
EMPLOYEES	190

Mitcham Industries Inc Frequently Asked Questions

What is the ticker symbol for Mitcham Industries Inc? What does MIND stand for in stocks?

MIND is the stock ticker symbol of Mitcham Industries Inc. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of Mitcham Industries Inc (MIND)?

As of Fri May 17 2024, market cap of Mitcham Industries Inc is 6.06 Million. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of MIND stock?

You can check MIND's fair value in chart for subscribers.

What is the fair value of MIND stock?

You can check MIND's fair value in chart for subscribers. The fair value of Mitcham Industries Inc is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of Mitcham Industries Inc is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for MIND so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is Mitcham Industries Inc a good stock to buy?

The fair value guage provides a quick view whether MIND is over valued or under valued. Whether Mitcham Industries Inc is cheap or expensive depends on the assumptions which impact Mitcham Industries Inc's fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for MIND.

What is Mitcham Industries Inc's Price to Earnings (PE) and Price to sales (PS) ratio?

As of Fri May 17 2024, MIND's PE ratio (Price to Earnings) is 22.07 and Price to Sales (PS) ratio is 0.16. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. MIND PE ratio will change depending on the future growth rate expectations of investors.

What is 5 year return on Mitcham Industries Inc's stock?

In the past 10 years, Mitcham Industries Inc has provided -0.09 (multiply by 100 for percentage) rate of return.