This Is A Time To Build A Position In Mynaric AG ADR (NASDAQ: MYNA)

Mynaric AG ADR (NASDAQ:MYNA)’s traded shares stood at 1.35 million during the latest session, with the company’s beta value hitting 1.47. At the last check today, the stock’s price was $0.48, to imply a decrease of -65.62% or -$0.93 in intraday trading. The MYNA share’s 52-week high remains $7.58, putting it -1479.17% down since that peak but still an impressive -37.5% since price per share fell to its 52-week low of $0.66. The company has a valuation of $12.08M, with an average of 22030.0 shares in intraday trading volume over the past 10 days and average of 167.21K shares over the past 3 months.

Analysts have given a consensus recommendation of Hold for Mynaric AG ADR (MYNA), translating to a mean rating of 1.00. Of 1 analyst(s) looking at the stock, 0 analyst(s) give MYNA a Sell rating. 0 of those analysts rate the stock as Overweight while 1 advise Hold as 0 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.

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Mynaric AG ADR (NASDAQ:MYNA) trade information

After registering a -65.62% downside in the latest session, Mynaric AG ADR (MYNA) has traded red over the past five days. The 5-day price performance for the stock is -65.15%, and -66.34% over 30 days. With these gigs, the year-to-date price performance is -91.70%. Short interest in Mynaric AG ADR (NASDAQ:MYNA) saw shorts transact 0.25 million shares and set a 7.42 days time to cover.

The extremes give us $4 and $4 for target low and target high price respectively. As such, MYNA has been trading -733.33% off suggested target high and -733.33% from its likely low.

Mynaric AG ADR (MYNA) estimates and forecasts

Looking at statistics comparing Mynaric AG ADR share performance against respective industry, we note that the company has outperformed competitors. Mynaric AG ADR (MYNA) shares are -89.71% down over the last 6 months, with its year-to-date growth rate higher than industry average at 27.45% against 25.80%. The rating firms project that company’s revenue will grow 210.80% compared to the previous financial year.

MYNA Dividends

Mynaric AG ADR 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.

Mynaric AG ADR (NASDAQ:MYNA)’s Major holders

The next major institution holding the largest number of shares is MOORE CAPITAL MANAGEMENT, LP with 0.33 million shares, or about 5.4607% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $1.33 million.