In the last trading session, 0.23 million Myomo Inc (AMEX:MYO) shares changed hands as the company’s beta touched 1.74. With the company’s per share price at $6.42 changed hands at $0.39 or 6.47% during last session, the market valuation stood at $213.44M. MYO’s last price was a discount, traded about -4.98% off its 52-week high of $6.74. The share price had its 52-week low at $2.51, which suggests the last value was 60.9% up since then. When we look at Myomo Inc’s average trading volume, we note the 10-day average is 0.27 million shares, with the 3-month average coming to 217.66K.

Analysts gave the Myomo Inc (MYO) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.00. If we narrow down to specifics, the data shows that 0 out of 6 analysts rate the stock as a Sell, with a further 1 assigning it an Overweight rating. Of the remaining, 0 recommended MYO as a Hold, 5 felt it is a Buy and 0 rated the stock as Underweight. Myomo Inc’s EPS for the current quarter is expected to be -0.02.

Myomo Inc (AMEX:MYO) trade information

Instantly MYO was in green as seen at the end of in last trading. With action 7.00%, the performance over the past five days has been green. The company’s shares are showing year-to-date upside of 28.14%, with the 5-day performance at 7.00% in the green. However, in the 30-day time frame, Myomo Inc (AMEX:MYO) is 26.13% up. Looking at the short shares, we see there were 0.78 million shares sold at short interest cover period of 3.45 days.

The consensus price target for the stock as assigned by Wall Street analysts is 6.38, meaning bulls need a downside of -0.63% from its current market value. According to analyst projections, MYO’s forecast low is 5.75 with 7 as the target high. To hit the forecast high, the stock’s price needs a -9.03% plunge from its current level, while the stock would need to tank 10.44% for it to hit the projected low.

Myomo Inc (MYO) estimates and forecasts

Data shows that the Myomo Inc share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot 114.00% over the past 6 months, a 35.71% in annual growth rate that is considerably higher than the industry average of 12.60%. Year-over-year growth is forecast to reach 57.94% up from the last financial year.

Consensus estimates given by 6 financial analysts project the company’s revenue in the current quarter to hit an average of 9.9M. 5 analysts are of the opinion that Myomo Inc’s revenue for the current quarter will be 7.92M. The company’s revenue for the corresponding quarters a year ago was 4.76M and 3.75M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 108.09%. The estimates for the next quarter sales put growth at 111.05%.

Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 59.45%. The 2024 estimates are for Myomo Inc earnings to increase by 35.71%, but the outlook for the next 5-year period is at -0.47% per year.

MYO Dividends

Myomo Inc is expected to release its next quarterly earnings report in January.

Myomo Inc (AMEX:MYO)’s Major holders

If we look at who the major shareholders are, we find that insiders hold 11.71% of Myomo Inc shares while 46.24% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 52.38%. There are 46.24% institutions holding the Myomo Inc stock share, with AIGH CAPITAL MANAGEMENT LLC the top institutional holder. As of 2024-06-30, the company held 7.9396% of the shares, roughly 2.92 million MYO shares worth $9.37 million.

HERR INVESTMENT GROUP LLC holds the second largest percentage of outstanding shares, with 7.7439% or 2.85 million shares worth $9.14 million as of 2024-06-30.