Myomo Inc. (MYO) stock is nearly perfect except the valuation

Myomo Inc. (AMEX: MYO) closed the day trading at $0.72 down -6.84% from the previous closing price of $0.77. In other words, the price has decreased by -$0.0527 from its previous closing price. On the day, 1576647 shares were traded. MYO stock price reached its highest trading level at $0.7760 during the session, while it also had its lowest trading level at $0.6450.

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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 Jan 17 when GUDONIS PAUL R bought 307,692 shares for $0.33 per share. The transaction valued at 100,000 led to the insider holds 483,345 shares of the business.

HENRY DAVID A bought 76,923 shares of MYO for $25,000 on Jan 17. The Chief Financial Officer now owns 163,527 shares after completing the transaction at $0.33 per share. On Jan 17, another insider, Mitchell Micah, who serves as the Chief Commerical Officer of the company, bought 15,384 shares for $0.33 each. As a result, the insider paid 5,000 and bolstered with 64,815 shares of the company.

Valuation Measures:

For the stock, the TTM Price-to-Sale (P/S) ratio is 0.37 while its Price-to-Book (P/B) ratio in mrq is 0.65.

Stock Price History:

Over the past 52 weeks, MYO has reached a high of $4.53, while it has fallen to a 52-week low of $0.37. The 50-Day Moving Average of the stock is 0.5620, while the 200-Day Moving Average is calculated to be 1.2507.

Shares Statistics:

Over the past 3-months, MYO traded about 904.54K shares per day on average, while over the past 10 days, MYO traded about 1.26M shares per day. A total of 7.06M shares are outstanding, with a floating share count of 6.84M. Insiders hold about 5.00% of the company’s shares, while institutions hold 32.80% stake in the company. Shares short for MYO as of Jan 12, 2023 were 1.19M with a Short Ratio of 0.28M, compared to 519.1k on Dec 14, 2022. Therefore, it implies a Short% of Shares Outstanding of 16.90% and a Short% of Float of 17.33%.

Earnings Estimates

Current recommendations for the stock of the company come from 4 analysts. On average, analysts expect EPS of -$0.42 for the current quarter, with a high estimate of -$0.38 and a low estimate of -$0.44, while EPS last year was -$0.52. The consensus estimate for the next quarter is -$0.2, with high estimates of -$0.1 and low estimates of -$0.41.

Analysts are recommending an EPS of between -$1.59 and -$1.65 for the fiscal current year, implying an average EPS of -$1.62. EPS for the following year is -$0.56, with 4 analysts recommending between -$0.25 and -$1.2.

Revenue Estimates

4 analysts predict $4.06M in revenue for the current quarter. It ranges from a high estimate of $4.1M to a low estimate of $4M. As of the current estimate, Myomo Inc.’s year-ago sales were $4.03M, an estimated increase of 0.70% from the year-ago figure. For the next quarter, 3 analysts are estimating revenue of $4.01M, an increase of 3.70% over than the figure of $0.70% in the same quarter last year. There is a high estimate of $4.5M for the next quarter, whereas the lowest estimate is $3.5M.

A total of 4 analysts have provided revenue estimates for MYO’s current fiscal year. The highest revenue estimate was $15.6M, while the lowest revenue estimate was $15.5M, resulting in an average revenue estimate of $15.57M. In the same quarter a year ago, actual revenue was $13.86M, up 12.40% from the average estimate. Based on 4 analysts’ estimates, the company’s revenue will be $20.77M in the next fiscal year. The high estimate is $22.38M and the low estimate is $18M. The average revenue growth estimate for next year is up 33.40% from the average revenue estimate for this year.