In the last trading session, 3,210,000,000 shares of the Myovant Sciences Ltd. (NYSE:MYOV) were traded, and its beta was 2.92. Most recently the company’s share price was $18.93, and it changed around -$0.95 or -0.05% from the last close, which brings the market valuation of the company to $1.72 Billion. MYOV currently trades at a discount to its 52-week high of $30.9, offering almost -63.23% off that amount. The share price’s 52-week low was $7.83, which indicates that the current value has risen by an impressive 58.64% since then. We note from Myovant Sciences Ltd.’s average daily trading volume that its 10-day average is 573.12 Million shares, with the 3-month average coming to 945.49 Million.
Myovant Sciences Ltd. stock received a consensus recommendation rating of Overweight, based on a mean score of 2.1. If we narrow it down even further, the data shows that none out of 7 analysts rate the stock as a Sell; another 1 rate it as Overweight. Among the rest, 2 recommended MYOV as a Hold, whereas 4 deemed it a Buy, and no one rated it as Underweight. Myovant Sciences Ltd. is expected to report earnings per share of -$0.94 for the current quarter.
Myovant Sciences Ltd. (NYSE:MYOV): Trading Information
Although MYOV has showed a red trend with a performance of -4.78% at the end of last trading. The performance over the last five days has remained in the red territory. The rise to weekly highs of $21.14 on Wednesday, Mar 31 increased the stock’s daily price by 10.45%. The company’s shares are currently down -0.31% year-to-date, but still down -0.0824 over the last five days. On the other hand, Myovant Sciences Ltd. (NYSE:MYOV) is -0.14% down in the 30-day period. We can see from the shorts that 3.47 Million shares have been sold at a short interest cover period of 0 day (s).
The consensus price target as assigned by Wall Street analysts is $37.5, which translates to bears needing to increase their stock price by 98.1% from its current value. Analyst projections state that MYOV is forecast to be at a low of $30 and a high of $55. In order for the stock price to hit the forecast high, the stock would need to surge +190.54% from its current level, while the stock would need to crash 58.48% from its current level to reach the projected low.
Myovant Sciences Ltd. (MYOV) projections and forecasts
Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of 0%. Myovant Sciences Ltd. earnings are expected to increase by 17.7% in 2021, but the outlook is negative 0% per year for the next five years.
Myovant Sciences Ltd. (NYSE:MYOV)’s Biggest Investors
Upon looking at major shareholders, it appears that insiders hold 60.08% of Myovant Sciences Ltd. shares, and 35.65% of them are in the hands of institutional investors. The stock currently has a share float of 89.32%. Myovant Sciences Ltd. stock is held by 147 institutions, with Janus Henderson Group PLC being the largest institutional investor. By Dec 30, 2020, it held 5.61% of the shares, which is about 5.1 Million shares worth $140.82 Million.
Bellevue Group AG, with 5.29% or 4.8 Million shares worth $132.69 Million as of Dec 30, 2020, holds the second largest percentage of outstanding shares.
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Janus Henderson Global Life Sciences Fund and Lord Abbett Developing Growth Fund were the top two Mutual Funds as of Dec 30, 2020. The former held 1356255 shares worth $37.46 Million, making up 1.49% of all outstanding shares. On the other hand, Lord Abbett Developing Growth Fund held roughly 1.19 Million shares worth around $27.7 Million, which represents about 1.31% of the total shares outstanding.