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Myomo Inc. (AMEX: MYO) Rose 5.88% From Its 52-Week Low, But YTD Numbers Fell -75.16%. Here’s What You Need To Know At This Time

During the last session, Myomo Inc. (AMEX:MYO)’s traded shares were 0.12 million, with the beta value of the company hitting 1.15. At the end of the trading day, the stock’s price was $1.70, reflecting an intraday loss of 0.00% or $0.0. The 52-week high for the MYO share is $14.35, that puts it down -744.12 from that peak though still a striking 5.88% gain since the share price plummeted to a 52-week low of $1.60. The company’s market capitalization is $11.66M, and the average intraday trading volume over the past 10 days was 91170.0 shares, and the average trade volume was 66.13K shares over the past three months.

Myomo Inc. (MYO) received a consensus recommendation of a Buy from analysts. That translates to a mean rating of 2.00. MYO has a Sell rating from 0 analyst(s) out of 3 analysts who have looked at this stock. 0 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 3 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be -$0.43.

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Myomo Inc. (AMEX:MYO) trade information

Myomo Inc. (MYO) registered a 0.00% downside in the last session and has traded in the green over the past 5 sessions. The stock plummet 0.00% in intraday trading to $1.70 this Friday, 08/05/22, hitting a weekly high. The stock’s 5-day price performance is 0.59%, and it has moved by -2.30% in 30 days. Based on these gigs, the overall price performance for the year is -78.54%. The short interest in Myomo Inc. (AMEX:MYO) is 21670.0 shares and it means that shorts have 0.23 day(s) to cover.

The consensus price target of analysts on Wall Street is $12.68, which implies an increase of 86.59% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $6.70 and $23.00 respectively. As a result, MYO is trading at a discount of -1252.94% off the target high and -294.12% off the low.

Myomo Inc. (MYO) estimates and forecasts

Statistics show that Myomo Inc. has outperformed its competitors in share price, compared to the industry in which it operates. Myomo Inc. (MYO) shares have gone down -77.63% during the last six months, with a year-to-date growth rate more than the industry average at 32.28% against 5.10. Yet analysts are ramping up their growth forecast for the fiscal year 2022. Revenue is predicted to grow 6.50% this quarter and then jump 5.60% in the quarter after that. In the rating firms’ projections, revenue will increase 29.90% compared to the previous financial year.

Revenue for the current quarter is expected to be $3.41 million as predicted by 4 analyst(s). Meanwhile, a consensus of 4 analyst(s) estimates revenue growth to $4.45 million by the end of Sep 2022.

An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 56.70%. While earnings are projected to return 48.60% in 2022, the next five years will return -0.47% per annum.

MYO Dividends

Myomo Inc. is due to release its next quarterly earnings between March 08 and March 14. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.

Myomo Inc. (AMEX:MYO)’s Major holders

Myomo Inc. insiders own 5.01% of total outstanding shares while institutional holders control 34.78%, with the float percentage being 36.62%. AIGH Capital Management LLC is the largest shareholder of the company, while 30 institutions own stock in it. As of Mar 30, 2022, the company held over 0.62 million shares (or 8.98% of all shares), a total value of $2.35 million in shares.

The next largest institutional holding, with 0.46 million shares, is of Must Asset Management Inc.’s that is approximately 6.72% of outstanding shares. At the market price on Mar 30, 2022, these shares were valued at $1.76 million.

Also, the Mutual Funds coming in first place with the largest holdings of Myomo Inc. (MYO) shares are Vanguard Total Stock Market Index Fund and Bridgeway Funds Inc-Ultra Small Company Fund. Data provided on Mar 30, 2022 indicates that Vanguard Total Stock Market Index Fund owns about 0.18 million shares. This amounts to just over 2.62 percent of the company’s overall shares, with a $0.69 million market value. The same data shows that the other fund manager holds slightly less at 83910.0, or about 1.22% of the stock, which is worth about $0.32 million.

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