Are analysts optimistic about Myomo Inc.’s (AMEX:MYO) stock?

Myomo Inc. (AMEX: MYO) closed the day trading at $0.54 down -18.64% from the previous closing price of $0.66. In other words, the price has decreased by -$0.1237 from its previous closing price. On the day, 522443 shares were traded. MYO stock price reached its highest trading level at $0.7000 during the session, while it also had its lowest trading level at $0.5000.

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Ratios:

For a better understanding of MYO, let’s look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 2.30 and its Current Ratio is at 2.70. In the meantime, Its Debt-to-Equity ratio is 0.00 whereas as Long-Term Debt/Eq ratio is at 0.00.

Upgrades & Downgrades

In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, ROTH Capital on November 11, 2020, Upgraded its rating to Buy and sets its target price to $7 from $5 previously.

On May 27, 2020, Dougherty & Company started tracking the stock assigning a Buy rating and target price of $8.50.

On October 02, 2017, H.C. Wainwright started tracking the stock assigning a Buy rating and target price of $12.H.C. Wainwright initiated its Buy rating on October 02, 2017, with a $12 target price.

Insider Transactions:

The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Aug 05 when Crowley Thomas Aloysius Jr. sold 7,141 shares for $1.71 per share. The transaction valued at 12,218 led to the insider holds 12,901 shares of the business.

GUDONIS PAUL R bought 5,000 shares of MYO for $21,085 on Mar 14. The Chief Executive Officer now owns 92,018 shares after completing the transaction at $4.22 per share. On Mar 11, another insider, GUDONIS PAUL R, who serves as the Chief Executive Officer of the company, bought 5,000 shares for $4.63 each. As a result, the insider paid 23,146 and bolstered with 87,018 shares of the company.

Valuation Measures:

For the stock, the TTM Price-to-Sale (P/S) ratio is 0.25 while its Price-to-Book (P/B) ratio in mrq is 0.49.

Stock Price History:

Over the past 52 weeks, MYO has reached a high of $9.36, while it has fallen to a 52-week low of $0.65. The 50-Day Moving Average of the stock is 1.4613, while the 200-Day Moving Average is calculated to be 2.8027.

Shares Statistics:

Over the past 3-months, MYO traded about 39.37K shares per day on average, while over the past 10 days, MYO traded about 134.89k shares per day. A total of 7.06M shares are outstanding, with a floating share count of 6.84M. Insiders hold about 5.20% of the company’s shares, while institutions hold 32.80% stake in the company. Shares short for MYO as of Oct 13, 2022 were 19.15k with a Short Ratio of 0.02M, compared to 23.54k on Sep 14, 2022. Therefore, it implies a Short% of Shares Outstanding of 0.27% and a Short% of Float of 0.28%.

Earnings Estimates

Current recommendations for the stock of the company come from 4 analysts. On average, analysts expect EPS of -$0.43 for the current quarter, with a high estimate of -$0.38 and a low estimate of -$0.53, while EPS last year was -$0.36. The consensus estimate for the next quarter is -$0.25, with high estimates of -$0.15 and low estimates of -$0.4.

Analysts are recommending an EPS of between -$1.36 and -$1.64 for the fiscal current year, implying an average EPS of -$1.51. EPS for the following year is -$1.16, with 4 analysts recommending between -$1.05 and -$1.24.

Revenue Estimates

A total of 4 analysts have provided revenue estimates for MYO’s current fiscal year. The highest revenue estimate was $18M, while the lowest revenue estimate was $15M, resulting in an average revenue estimate of $16.96M. In the same quarter a year ago, actual revenue was $13.86M, up 22.40% from the average estimate. Based on 4 analysts’ estimates, the company’s revenue will be $21.47M in the next fiscal year. The high estimate is $25M and the low estimate is $19M. The average revenue growth estimate for next year is up 26.60% from the average revenue estimate for this year.