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How to buy MediciNova stock | $6.27

Own MediciNova stock in just a few minutes.

Fact checked

MediciNova, Inc is a biotechnology business based in the US. MediciNova shares (MNOV) are listed on the NASDAQ and all prices are listed in US Dollars. MediciNova employs 8 staff and has a market cap (total outstanding shares value) of USD$268.2 million.

How to buy shares in MediciNova

  1. Compare share trading platforms. If you're a beginner, look for a platform with low commissions, expert ratings and investment tools to track your portfolio. Narrow down top brands with our comparison table.
  2. Open and fund your brokerage account. Complete an application with your personal and financial details, like your ID and bank information. Fund your account with a bank transfer, credit card or debit card.
  3. Search for MediciNova. Find the stock by name or ticker symbol: MNOV. Research its history to confirm it's a solid investment against your financial goals.
  4. Purchase now or later. Buy today with a market order or use a limit order to delay your purchase until MediciNova reaches your desired price. To spread out your purchase, look into dollar-cost averaging, which smooths out buying at consistent intervals and amounts.
  5. Decide on how many to buy. At last close price of USD$6.27, weigh your budget against a diversified portfolio that can minimize risk through the market's ups and downs. You may be able to buy a fractional share of MediciNova, depending on your broker.
  6. Check in on your investment. Congratulations, you own a part of MediciNova. Optimize your portfolio by tracking how your stock — and even the business — performs with an eye on the long term. You may be eligible for dividends and shareholder voting rights on directors and management that can affect your stock.

MediciNova share price

Use our graph to track the performance of MNOV stocks over time.

MediciNova shares at a glance

Information last updated 2020-11-30.
Latest market closeUSD$6.27
52-week rangeUSD$2.79 - USD$8.085
50-day moving average USD$5.7188
200-day moving average USD$5.6697
Wall St. target priceUSD$18.5
PE ratio N/A
Dividend yield N/A (0%)
Earnings per share (TTM) USD$-0.368

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The value of any investment can go up or down depending on news, trends and market conditions. We are not investment advisers, so do your own due diligence to understand the risks before you invest.

Is it a good time to buy MediciNova stock?

The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.

This chart is not advice or a guarantee of success. Rather, it gauges the real-time recommendations of three popular technical indicators: moving averages, oscillators and pivots. Finder is not responsible for how your stock performs.

MediciNova price performance over time

Historical closes compared with the close of $6.27 from 2020-12-09

1 week (2021-01-11) 12.57%
1 month (2020-12-18) 5.56%
3 months (2020-10-16) 16.76%
6 months (2020-07-17) 11.76%
1 year (2020-01-17) -10.04%
2 years (2019-01-18) -36.09%
3 years (2018-01-18) 7.28
5 years (2016-01-15) 68.55%

MediciNova financials

Gross profit TTM USD$0
Return on assets TTM -10.76%
Return on equity TTM -17.38%
Profit margin 0%
Book value $1.637
Market capitalisation USD$268.2 million

TTM: trailing 12 months

Shorting MediciNova shares

There are currently 3.3 million MediciNova shares held short by investors – that's known as MediciNova's "short interest". This figure is 2.2% up from 3.2 million last month.

There are a few different ways that this level of interest in shorting MediciNova shares can be evaluated.

MediciNova's "short interest ratio" (SIR)

MediciNova's "short interest ratio" (SIR) is the quantity of MediciNova shares currently shorted divided by the average quantity of MediciNova shares traded daily (recently around 176356.15631692). MediciNova's SIR currently stands at 18.68. In other words for every 100,000 MediciNova shares traded daily on the market, roughly 18680 shares are currently held short.

However MediciNova's short interest can also be evaluated against the total number of MediciNova shares, or, against the total number of tradable MediciNova shares (the shares that aren't held by "insiders" or major long-term shareholders – also known as the "float"). In this case MediciNova's short interest could be expressed as 0.07% of the outstanding shares (for every 100,000 MediciNova shares in existence, roughly 70 shares are currently held short) or 0.0773% of the tradable shares (for every 100,000 tradable MediciNova shares, roughly 77 shares are currently held short).

A SIR above 10% would generally be considered pretty high, pointing to a potentially pessimistic outlook for the share price and a discouraging interest in betting against MediciNova.

Find out more about how you can short MediciNova stock.

MediciNova share dividends

We're not expecting MediciNova to pay a dividend over the next 12 months.

Have MediciNova's shares ever split?

MediciNova's shares were split on a 1:10 basis on 31 October 2006. So if you had owned 10 shares the day before before the split, the next day you'd have owned 1 share. This wouldn't directly have changed the overall worth of your MediciNova shares – just the quantity. However, indirectly, the new 900% higher share price could have impacted the market appetite for MediciNova shares which in turn could have impacted MediciNova's share price.

MediciNova share price volatility

Over the last 12 months, MediciNova's shares have ranged in value from as little as $2.79 up to $8.085. A popular way to gauge a stock's volatility is its "beta".

MNOV.US volatility(beta: 1.53)Avg. volatility(beta: 1.00)LowHigh

Beta is a measure of a share's volatility in relation to the market. The market (NASDAQ average) beta is 1, while MediciNova's is 1.5259. This would suggest that MediciNova's shares are more volatile than the average for this exchange and represent, relatively-speaking, a higher risk (but potentially also market-beating returns).

MediciNova overview

MediciNova, Inc., a biopharmaceutical company, focuses on developing novel and small molecule therapeutics for the treatment of serious diseases with unmet medical needs in the United States. The company is developing MN-166 (ibudilast), an oral anti-inflammatory and neuroprotective agent for treating neurological disorders, such as primary and secondary progressive multiple sclerosis, amyotrophic lateral sclerosis, chemotherapy-induced peripheral neuropathy, degenerative cervical myelopathy, glioblastoma, and substance dependence and addiction. Its product pipeline also includes MN-221 (bedoradrine), a selective beta-2-adrenergic receptor agonist for the treatment of acute exacerbations of asthma; MN-001 (tipelukast), an orally bioavailable small molecule compound to treat fibrotic diseases, including nonalcoholic steatohepatitis and idiopathic pulmonary fibrosis; and MN-029 (denibulin), a tubulin binding agent for treating solid tumor cancers. The company has a collaboration agreement with BioComo and Mie University for joint development of a SARS-CoV-2 vaccine. MediciNova, Inc. was founded in 2000 and is headquartered in La Jolla, California.

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