Market Recap: Myomo Inc (MYO)’s Positive Momentum, Closing at 5.00

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The closing price of Myomo Inc (AMEX: MYO) was $5.00 for the day, up 7.53% from the previous closing price of $4.65. In other words, the price has increased by $7.53 from its previous closing price. On the day, 1.1 million shares were traded. MYO stock price reached its highest trading level at $5.1 during the session, while it also had its lowest trading level at $4.42.

Ratios:

Our analysis of MYO’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 2.40 and its Current Ratio is at 2.83. In the meantime, Its Debt-to-Equity ratio is 0.04 whereas as Long-Term Debt/Eq ratio is at 0.01.

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 this company, Lake Street on May 20, 2024, initiated with a Buy rating and assigned the stock a target price of $7.

On December 15, 2023, H.C. Wainwright started tracking the stock assigning a Buy rating and target price of $6.50.

ROTH Capital Upgraded its Neutral to Buy on November 11, 2020, whereas the target price for the stock was revised from $5 to $7.

Insider Transactions:

Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on May 29 ’24 when KIRK THOMAS F bought 50,000 shares for $3.50 per share. The transaction valued at 175,000 led to the insider holds 236,499 shares of the business.

Kovelman Harry sold 35,426 shares of MYO for $130,839 on May 15 ’24. The Chief Medical Officer now owns 98,009 shares after completing the transaction at $3.69 per share. On Mar 14 ’24, another insider, KIRK THOMAS F, who serves as the Director of the company, bought 50,000 shares for $3.50 each. As a result, the insider paid 175,000 and bolstered with 186,499 shares of the company.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, MYO now has a Market Capitalization of 144072992 and an Enterprise Value of 133600912. For the stock, the TTM Price-to-Sale (P/S) ratio is 7.37 while its Price-to-Book (P/B) ratio in mrq is 13.21. Its current Enterprise Value per Revenue stands at 6.834 whereas that against EBITDA is -14.36.

Stock Price History:

Over the past 52 weeks, MYO has reached a high of $5.58, while it has fallen to a 52-week low of $0.50. The 50-Day Moving Average of the stock is 42.71%, while the 200-Day Moving Average is calculated to be 58.46%.

Shares Statistics:

MYO traded an average of 355.72K shares per day over the past three months and 1130220 shares per day over the past ten days. A total of 27.14M shares are outstanding, with a floating share count of 25.65M. Insiders hold about 10.98% of the company’s shares, while institutions hold 44.36% stake in the company. Shares short for MYO as of 1718323200 were 1041371 with a Short Ratio of 2.93, compared to 1715731200 on 726330. Therefore, it implies a Short% of Shares Outstanding of 1041371 and a Short% of Float of 3.7699999999999996.

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