MIND Share Price | MIND Technology, Inc. Stock Analysis & Recommendation

Q: What does MIND Technology, Inc. do?

Overview: MIND Technology, Inc. provides technology and solutions for exploration, survey, and defense applications in the oceanographic, hydrographic, defense, seismic, and security industries, operating in the oil industry with a micro-cap market classification.Financial Snapshot: Most recent Net Sales: 15 Million (Quarterly Results - Jan 2025) Most recent Net Profit: 2 Million (Quarterly Results - Jan 2025) Market-cap: USD 46.86 Million (Micro Cap)Key Metrics: P/E: 11.00 Dividend Yield: 0.00% Debt Equity: -0.32 Return on Equity: 11.83% Price to Book: 1.76 Contact Details: Address: 2002 Timberloch Place, Suite 400, THE WOODLANDS TX: 77380-1187 Tel: ['1 281 3534475', '1 713 5296600']

Q: Is MIND Technology, Inc. technically bullish or bearish?

As of 1 October 2023, the technical data for MIND Technology, Inc. is insufficient to form a view on whether it is bullish or bearish.

Q: Is MIND Technology, Inc. overvalued or undervalued?

As of 7 November 2025, the valuation grade for MIND Technology, Inc. has moved from very attractive to attractive. The company appears to be fairly valued based on its current metrics. The P/E ratio stands at 11, which is significantly lower than the peer average of approximately 23.98, indicating potential undervaluation. Additionally, the EV to EBITDA ratio of 6.53 and a PEG ratio of 0.07 further suggest that the company is priced attractively compared to its growth prospects.In comparison to its peers, Ranger Energy Services, Inc. has a P/E of 12.47, while Forum Energy Technologies, Inc. shows a higher P/E of 25.31, reinforcing the notion that MIND Technology, Inc. is positioned favorably within its industry. Although specific return data is unavailable, the company's recent performance can be contextualized against the S&P 500, suggesting a competitive standing in the market.

Price Point

High/Low

1Day

52 Week

Valuation

Technical

Day's Volume

CASH

129.31 k

Shareholding (Oct 2025)

FII

3.33%

Held by 13 FIIs

DII

91.49%

Held by 5 DIIs

Promoter

0.00%

What does MIND Technology, Inc. do?

22-Jun-2025

MIND Technology, Inc. provides technology and solutions for exploration and defense applications in various industries, including oil and security. As of January 2025, it reported net sales of $15 million and a net profit of $2 million, with a market cap of $46.86 million.

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Is MIND Technology, Inc. technically bullish or bearish?

25-Jun-2025

As of October 1, 2023, there is insufficient technical data for MIND Technology, Inc. to determine a bullish or bearish outlook.

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Is MIND Technology, Inc. overvalued or undervalued?

11-Nov-2025

As of November 7, 2025, MIND Technology, Inc. is considered attractively valued with a P/E ratio of 11, significantly lower than the industry average of 23.98, indicating potential undervaluation compared to peers like Ranger Energy Services and Forum Energy Technologies.

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Score

Click here to find our call on this stock

Strong Sell

Sell

Hold

Buy

Strong Buy

Dashboard

Poor Management Efficiency with a low ROCE of 6.06%

The company has been able to generate a Return on Capital Employed (avg) of 6.06% signifying low profitability per unit of total capital (equity and debt)

Mojo Parameters

Stock DNA

Industry

Oil

Market cap

USD 78 Million (Micro Cap)

P/E

25.00

Industry P/E

Dividend Yield

0.00%

Debt Equity

-0.47

Return on Equity

7.64%

Price to Book

1.94

Revenue and Profits:

Net Sales:

10 Million

(Quarterly Results - Oct 2025)

Net Profit:

0 Million

Total Returns

Total Returns (Price + Dividend)

TimePeriod

Price Return

Dividend Return

Total Return

3 Months

-4.22%

6 Months

1.89%

1 Year

34.63%

2 Years

90.72%

3 Years

1773.24%

4 Years

619.17%

5 Years

275.22%

MIND Technology, Inc. for the last several years.

Risk Adjusted Returns v/s

News & Corporate Actions

News

No Recent News for the Company

Announcements

No announcement available

Corporate Actions

No corporate action available

Key Factors

Quality key factors

Factor

Value

Sales Growth (5y)

7.45%

EBIT Growth (5y)

20.39%

EBIT to Interest (avg)

-4.75

Debt to EBITDA (avg)

Negative Net Debt

Net Debt to Equity (avg)

-0.32

Sales to Capital Employed (avg)

1.59

Tax Ratio

39.22%

Dividend Payout Ratio

Pledged Shares

Institutional Holding

23.60%

ROCE (avg)

6.06%

ROE (avg)

2.37%

Valuation key factors

Factor

Value

P/E Ratio

Industry P/E

Price to Book Value

1.94

EV to EBIT

10.60

EV to EBITDA

9.16

EV to Capital Employed

2.77

EV to Sales

1.28

PEG Ratio

Dividend Yield

ROCE (Latest)

26.19%

ROE (Latest)

7.64%

Technicals key factors

Indicator

Weekly

Monthly

MACD

Bearish

Mildly Bearish

RSI

No Signal

Bollinger Bands

Mildly Bearish

Bullish

Moving Averages

Mildly Bearish (Daily)

KST

Bearish

Mildly Bearish

Dow Theory

No Trend

Mildly Bearish

OBV

No Trend

Mildly Bullish

Technical Indicator Scale: Bearish, Mildly Bearish, Sideways, Mildly Bullish, Bullish Turned

Shareholding

Shareholding Snapshot : Oct 2025

Shareholding Compare (%holding)

Majority shareholders

Domestic Funds

Held in 7 Schemes (5.18%)

Foreign Institutions

Held by 13 Foreign Institutions (3.33%)

Strategic Entities with highest holding

Highest Public shareholder

Financial

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Quarterly Results Snapshot (Consolidated) - Oct'25 - QoQ

Oct'25

Jul'25

Change(%)

Net Sales

9.70

13.60

-28.68%

Operating Profit (PBDIT) excl Other Income

1.00

2.90

-65.52%

Interest

0.00

Exceptional Items

0.00

Consolidate Net Profit

0.10

1.90

-94.74%

Operating Profit Margin (Excl OI)

79.90%

196.40%

-11.65%

USD in Million.

Compare with Peers

Net Sales

QoQ Growth in quarter ended Oct 2025 is -28.68% vs 72.15% in Jul 2025

Consolidated Net Profit

QoQ Growth in quarter ended Oct 2025 is -94.74% vs 290.00% in Jul 2025

All Quarterly Results

Annual Results Snapshot (Consolidated) - Jan'25

Jan'25

Jan'24

Change(%)

Net Sales

46.90

36.50

28.49%

Operating Profit (PBDIT) excl Other Income

7.80

1.70

358.82%

Interest

0.00

0.70

-100.00%

Exceptional Items

0.00

Consolidate Net Profit

5.10

-1.10

563.64%

Operating Profit Margin (Excl OI)

145.50%

14.20%

13.13%

USD in Million.

Compare with Peers

Net Sales

YoY Growth in year ended Jan 2025 is 28.49% vs 46.00% in Jan 2024

Consolidated Net Profit

YoY Growth in year ended Jan 2025 is 563.64% vs 81.97% in Jan 2024

All Annual Results

Company CV

About MIND Technology, Inc.

MIND Technology, Inc.

Oil

Mind Technology Inc., formerly Mitcham Industries, Inc., provides technology and solutions for exploration, survey and defense applications in oceanographic, hydrographic, defense, seismic and security industries. It operates through two business segments: Marine Technology Products and Equipment Leasing. Marine Technology Products segment includes Seamap Pte Ltd, Seamap USA, LLC, Seamap (Malaysia) Sdn Bhd and Seamap (UK) Ltd, collectively Seamap and Klein Marine Systems, Inc. (Klein). Seamap designs, manufactures and sells a broad range of products for the oceanographic, hydrographic and marine seismic industries. Klein primarily designs, manufactures and sells advanced side scan sonar systems and waterside security systems for the oceanographic, hydrographic, defense and maritime security industries on a world-wide basis. Equipment Leasing segment is primarily engaged in the leasing of seismic equipment to companies in the oil and gas industry throughout the world.

Company Coordinates

Company Details

2002 Timberloch Place, Suite 400 , THE WOODLANDS TX : 77380-1187

Tel: 1 281 35344751 713 5296600

Registrar Details