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MindWalk Holdings Corp. (HYFT)

Healthcare | Biotechnology | Austin, United States | NasdaqCM
1.48 USD +0.08 (5.714%) ⇧ (Oct. 13, 2026, 4 p.m. EDT)

Short-term:★★⯪☆☆Long-term:★★⯪☆☆Dividends:☆☆☆☆☆
Hot Take ↕ | Oct. 10, 2026, 6:47 a.m. EDT

MindWalk Holdings presents a classic case of a speculative biotech shell with deteriorating operational fundamentals despite a recent price recovery. The company is currently unprofitable with negative operating margins and has missed recent revenue estimates, indicating that its core business is struggling to generate traction. While the stock price has rallied significantly over the last year—driving the long-term rating up from a potential zero due to the massive percentage gain—the underlying reality remains precarious: the company is burning cash, has no dividend to speak of, and carries a heavy debt load relative to its tiny equity base. The recent price action shows some resilience, trading above its 50-day moving average, which prevents a 'strong sell' rating for the short term. However, the statistical forecasting model offers almost no guidance, citing low confidence and high noise, while the options market is eerily quiet, providing no hedge or bullish catalyst. The analyst consensus targets a price nearly triple the current level, but this is likely based on binary event risk (a successful trial or partnership) rather than sustainable earnings power. Until the company demonstrates consistent profitability or a clear path to cash flow, the investment thesis relies entirely on luck rather than business quality.

Model Selection — Backtest MAE (log-scale, lower is better)
ModelMAE
AutoETS ✓0.038001
MSTL0.038353
AutoARIMA0.049675
AutoTheta0.123079

Forecast horizon: 45 days | Selected: AutoETS

Forecast Reliability
Score 35%
H-stat 3.86
Ljung-Box p 0.037
Jarque-Bera p 0.000
Excess Kurtosis 3.17
Attribute Value
Sector Healthcare
Debt to Equity Ratio 50.412
Revenue per Share 0.349
Market Cap 69,725,272
Beta 0.78
Profit Margins -105.20%
Previous Name ImmunoPrecise Antibodies Ltd.
Website https://www.mindwalkai.com

As of Oct. 10, 2026, 6:47 a.m. EDT: Speculator positioning is extremely thin and non-directional. Call volume and open interest are negligible across all expirations, with no significant strikes identified beyond the ATM anchor. Put activity is similarly sparse, appearing only in the ITM range for longer-dated contracts. The lack of meaningful open interest or volume suggests a complete absence of speculative conviction regarding either a breakout or a breakdown.


Info Dump

Attribute Value
52 Week Change -0.18128657
Address1 Industrious 823 Congress Ave
Address2 Suite 300
All Time High 42.75
All Time Low 0.005
Ask 1.74
Ask Size 2
Average Analyst Rating 1.0 - Strong Buy
Average Daily Volume10 Day 402,640
Average Daily Volume3 Month 232,553
Average Volume 232,553
Average Volume10Days 402,640
Beta 0.777
Bid 1.52
Bid Size 1
Book Value 0.10316519
City Austin
Compensation As Of Epoch Date 1,798,675,200
Country United States
Crypto Tradeable 0
Currency USD
Current Price 1.48
Current Ratio 1.839
Custom Price Alert Confidence HIGH
Date Short Interest 1,790,726,400
Day High 1.5
Day Low 1.39
Debt To Equity 50.412
Display Name MindWalk
Dividend Date 1,606,089,600
Dividend Yield 0.0
Earnings Call Timestamp End 1,789,416,000
Earnings Call Timestamp Start 1,789,416,000
Earnings Timestamp 1,789,416,000
Earnings Timestamp End 1,789,416,000
Earnings Timestamp Start 1,789,416,000
Ebitda -16,097,000
Ebitda Margins -0.99174005
Enterprise To Ebitda -4.074
Enterprise To Revenue 4.041
Enterprise Value 65,586,268
Eps Trailing Twelve Months -0.26
Esg Populated 0
Exchange NCM
Exchange Data Delayed By 15
Exchange Timezone Name America/New_York
Exchange Timezone Short Name EDT
Fifty Day Average 1.3647
Fifty Day Average Change 0.11530006
Fifty Day Average Change Percent 0.084487475
Fifty Two Week Change Percent -18.128658
Fifty Two Week High 2.99
Fifty Two Week High Change -1.51
Fifty Two Week High Change Percent -0.50501674
Fifty Two Week Low 0.99
Fifty Two Week Low Change 0.49
Fifty Two Week Low Change Percent 0.4949495
Fifty Two Week Range 0.99 - 2.99
Financial Currency CAD
First Trade Date Milliseconds 1,010,413,800,000
Float Shares 42,751,483
Free Cashflow 8,775,125
Full Exchange Name NasdaqCM
Full Time Employees 74
Fullday Change 0.05000007
Fullday Change Percent 3.5714338
Fullday Price 1.48
Gmt Off Set Milliseconds -14,400,000
Gross Margins 0.60791
Gross Profits 9,867,000
Has Pre Post Market Data 1
Held Percent Insiders 0.091359995
Held Percent Institutions 0.09291001
Implied Shares Outstanding 47,111,668
Industry Biotechnology
Industry Disp Biotechnology
Industry Key biotechnology
Is Earnings Date Estimate 0
Language en-US
Last Fiscal Year End 1,777,507,200
Last Split Date 1,606,089,600
Last Split Factor 1:5
Long Business Summary MindWalk Holdings Corp. operates as a bio-native AI company. The company discovers and develops biologics through HYFT Technology and LensAI platform, as well as develops AI drug discovery and biologics through ReefIQ technology. The company was formerly known as ImmunoPrecise Antibodies Ltd. and changed its name to MindWalk Holdings Corp. in September 2025. The company was incorporated in 1983 and is headquartered in Austin, Texas.
Long Name MindWalk Holdings Corp.
Market us_market
Market Cap 69,725,272
Market State PRE
Max Age 86,400
Message Board Id finmb_406475483
Most Recent Quarter 1,785,456,000
Name Change Date 2,026-10-14
Net Income To Common -17,099,000
Next Fiscal Year End 1,809,043,200
Non Diluted Market Cap 69,725,268
Number Of Analyst Opinions 3
Open 1.4279
Operating Cashflow -12,292,000
Operating Margins -1.5985899
Payout Ratio 0.0
Phone 800 620 4187
Prev Name ImmunoPrecise Antibodies Ltd.
Previous Close 1.4
Price Hint 4
Price To Book 14.345924
Price To Sales Trailing12 Months 4.295809
Profit Margins -1.0519999
Quick Ratio 1.632
Quote Source Name Nasdaq Real Time Price
Quote Type EQUITY
Recommendation Key strong_buy
Recommendation Mean 1.0
Region US
Regular Market Change 0.08
Regular Market Change Percent 5.71429
Regular Market Day High 1.5
Regular Market Day Low 1.39
Regular Market Day Range 1.39 - 1.5
Regular Market Open 1.4279
Regular Market Previous Close 1.4
Regular Market Price 1.48
Regular Market Time 1,791,921,601
Regular Market Volume 573,853
Return On Assets -0.36393002
Return On Equity -1.23664
Revenue Growth 0.213
Revenue Per Share 0.349
Sand P52 Week Change 0.17502642
Sector Healthcare
Sector Disp Healthcare
Sector Key healthcare
Shares Outstanding 47,111,668
Shares Percent Shares Out 0.015
Shares Short 707,273
Shares Short Previous Month Date 1,788,134,400
Shares Short Prior Month 780,229
Short Name MindWalk Holdings Corp.
Short Percent Of Float 0.0152
Short Ratio 3.59
Source Interval 15
State TX
Symbol HYFT
Target High Price 5.0
Target Low Price 3.0
Target Mean Price 4.33333
Target Median Price 5.0
Total Cash 7,623,000
Total Cash Per Share 0.162
Total Debt 3,484,000
Total Revenue 16,231,000
Tradeable 0
Trailing Annual Dividend Rate 0.0
Trailing Annual Dividend Yield 0.0
Trailing Eps -0.26
Trailing Peg Ratio None
Triggerable 1
Two Hundred Day Average 1.4621
Two Hundred Day Average Change 0.01789999
Two Hundred Day Average Change Percent 0.012242658
Type Disp Equity
Volume 573,853
Website https://www.mindwalkai.com
Zip 78,701