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Insiders Invest in MYnd Analytics

- By Kyle Ferguson

Insiders of MYnd Analytics Inc. (MYAN) purchased a combined 169,878 shares of the company between March 20 and April 3 according to SEC filings.

RSJ Investments SICAV, an investment firm based in the Czech Republic, purchased 160,000 shares for $6.25 per share on March 20.

The firm now owns 625,704 total shares of the company.

Director John Pappajohn purchased 9,878 shares of the company for $6.46 per share on April 3.

He now owns 506,290 total shares of the company.

Headquartered in Mission Viejo, California, MYnd Analytics, formerly CNS Response Inc., is a predictive analytics company. It has developed a decision support tool to help physicians reduce trial and error treatments in mental health and provides personalized care to patients.

The company provides objective clinical decision support to mental health care providers for the personalized treatment of behavioral disorders, including depression, anxiety, bipolar disorder, post-traumatic stress disorder (PTSD) and other non-psychotic disorders.

The company uses its neurometric platform, PEER Online, to generate psychiatric electroencephalogram evaluation registry (PEER) reports to predict the likelihood of response by an individual to a range of medications prescribed for the treatment of behavioral disorders.

MYnd Analytics has a market cap of $13.57 million, an enterprise value of $12.6 million, a price-book ratio of 17.10, a price-sales ratio of 49.17 and a quick ratio of 1.41.

According to GuruFocus, the company has a 3 of 10 financial strength rating with a cash-debt ratio of 13.27 and an equity-asset ratio of 0.31. Its Altman Z-Score of -36.28 indicates it is experiencing financial distress. The Beneish M-Score of -9.02 suggests it is a manipulator of its financial statements.

The company has a 2 of 10 profitability and growth rating. It has an operating margin of -5515.66%, a net margin of -4734.94%, a return on assets (ROA) of -323.08% and a three-year revenue growth rate of -27.50%.

Over the past five years, the company has averaged a 20.74% increase in net income, a 362.79% increase in capital spending, a 50.05% increase in gross margin and a 5.48% increase in cash flow.

Disclosure: I do not own any shares of this company.

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This article first appeared on GuruFocus.