Is mind medicine expected to drop today

Mind Medicine (MindMed) Inc. (MNMD) is not expected to drop today based on the following analysis:

1. Short-term Trend Forecast: The short-term trend forecast for MNMD is not available. However, the 1-week and 1-month percentage changes do not necessarily indicate a downward trend. The 1-week percentage change is -14.44%, while the 1-month percentage change is 15.8%. These changes suggest that the stock has experienced volatility in the short term but has been performing well over the longer term.

2. Forecast Price: The forecast price for MNMD in the next trading day is $8.39, which is higher than the current closing price of $8.06. This suggests that the analysts who provided the forecast believe that the stock may experience an increase in value.

3. Analyst Sentiment: The average one-year price target for MNMD is $24.74, with forecasts ranging from a low of $16.16 to a high of $37.80. This indicates that analysts have a positive outlook on the stock's future performance.
4. Market Performance: MNMD has a Zacks Rank of #2 (Buy), indicating that analysts expect the company to outperform the market over the next one to three months. Additionally, the company's earnings outlook is stronger, with the Zacks Consensus Estimate for MNMD's full-year earnings having moved 19.8% higher over the past three months.

In conclusion, while there is no specific short-term trend forecast available for MNMD, the positive 1-month percentage change, the higher forecast price, the positive analyst sentiment, and the strong market performance indicators do not suggest that Mind Medicine is expected to drop today.