Myomo Inc (AMEX:MYO)’s traded shares stood at 0.5 million during the latest session, with the company’s beta value hitting 1.76. At the last check today, the stock’s price was $5.99, to imply an increase of 11.96% or $0.64 in intraday trading. The MYO share’s 52-week high remains $5.69, putting it 5.01% up since that peak but still an impressive 58.1% since price per share fell to its 52-week low of $2.51. The company has a valuation of $181.18M, with an average of 0.22 million shares in intraday trading volume over the past 10 days and average of 161.50K shares over the past 3 months.
Analysts have given a consensus recommendation of Buy for Myomo Inc (MYO), translating to a mean rating of 1.00. Of 6 analyst(s) looking at the stock, 0 analyst(s) give MYO a Sell rating. 1 of those analysts rate the stock as Overweight while 0 advise Hold as 5 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at -0.02.
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Myomo Inc (AMEX:MYO) trade information
After registering a 11.96% upside in the latest session, Myomo Inc (MYO) has traded red over the past five days. The 5-day price performance for the stock is 14.75%, and 51.26% over 30 days. With these gigs, the year-to-date price performance is 19.56%. Short interest in Myomo Inc (AMEX:MYO) saw shorts transact 0.86 million shares and set a 5.08 days time to cover.
The extremes give us $5.75 and $7 for target low and target high price respectively. As such, MYO has been trading -16.86% off suggested target high and 4.01% from its likely low.
Myomo Inc (MYO) estimates and forecasts
Looking at statistics comparing Myomo Inc share performance against respective industry, we note that the company has outperformed competitors. Myomo Inc (MYO) shares are 70.66% up over the last 6 months, with its year-to-date growth rate higher than industry average at 32.14% against 11.10%. The rating firms project that company’s revenue will grow 57.94% compared to the previous financial year.
Revenue forecast for the current quarter as set by 6 analysts is 9.9M. Meanwhile, for the current quarter, a total of 5 analyst(s) estimate revenue growth to 7.86M.Earnings reports from the last fiscal year show that sales brought in 4.76M and 3.75M respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to rise 108.09% before jumping 109.46% in the following quarter.
An assessment of the company’s 5-year growth patterns shows that annual earnings grew an estimated 59.45% for the past 5-year period. While 2024 is set for a 35.71% return in earnings, projections for the next 5 years are at -0.47% annually.
MYO Dividends
Myomo Inc has its next earnings report out in January. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too.
Myomo Inc (AMEX:MYO)’s Major holders
Myomo Inc insiders hold 13.04% of total outstanding shares, with institutional holders owning 51.35% of the shares at 59.05% float percentage. In total, 51.35% institutions holds shares in the company, led by AIGH CAPITAL MANAGEMENT LLC. As of 2024-06-30, the company held over 2.92 million shares (or 7.9396% of shares), all amounting to roughly $9.37 million.
The next major institution holding the largest number of shares is HERR INVESTMENT GROUP LLC with 2.85 million shares, or about 7.7439% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $9.14 million.
We also have Vanguard Total Stock Market Index Fund and Vanguard Extended Market Index Fund as the top two Mutual Funds with the largest holdings of the Myomo Inc (MYO) shares. Going by data provided on Sep 30, 2024, Vanguard Total Stock Market Index Fund holds roughly 866.17 shares. This is just over 2.86% of the total shares, with a market valuation of $5.1 million. Data from the same date shows that the other fund manager holds a little less at 346.16, or 1.14% of the shares, all valued at about 2.04 million.
