MIRA Pharmaceuticals, Inc. (MIRA)
(Delayed Data from NSDQ)
$1.20 USD
+0.01 (0.84%)
Updated Oct 2, 2024 04:00 PM ET
After-Market: $1.20 0.00 (0.00%) 7:58 PM ET
NA Value
NA Growth NA Momentum NA VGMFundamental Charts
About PEG Ratio (TTM)
The company's trailing twelve month (TTM) PEG ratio is the P/E ratio divided by its long-term growth rate consensus. This ratio essentially compares the P/E to its growth rate, thus, for many, telling a more complete story than just the P/E ratio alone. Conventional wisdom says that a PEG ratio of 1 or less is considered good (at par or undervalued to its growth rate). A value greater than 1, in general, is not as good (overvalued to its growth rate). For example, a company with a P/E ratio of 25 and a growth rate of 20% would have a PEG ratio of 1.25 (25 / 20 = 1.25). A company with a P/E ratio of 40 and a growth rate of 50% would have a PEG ratio of 0.80 (40 / 50 = 0.80). Traditionally, investors would look at the stock with the lower P/E and deem it a bargain. But when compared to its growth rate, it doesn't have the earnings growth to justify its P/E. In this example, the one with the P/E of 40 is the better bargain because it is selling at a discount to its growth rate. So the PEG ratio tells you what you're paying for each unit of earnings growth.
MIRA 1.20 +0.01(0.84%)
Will MIRA be a Portfolio Killer in October?
Zacks Investment Research is releasing its prediction for MIRA based on the 1-3 month trading system that more than doubles the S&P 500.
Other News for MIRA
Mira Pharmaceuticals initiated with bullish view at Rodman & Renshaw, here's why
MIRA Pharmaceuticals Announces New Preclinical Data for Ketamir-2 to Be Presented at the 18th Annual Pain Therapeutics Summit in Boston on October 28-29, 2024
Mira Pharmaceuticals presents preclinical data for Ketamir-2
Mira Pharmaceuticals advances Ketamir-2 development
MIRA Pharmaceuticals Advances Ketamir-2 Development Following Phase 1 Design Completion, Focusing on Early Clinical Efficacy Demonstration for Neuropathic Pain in 2025