Those aspiring to outpace the market meticulously engage in the process of selecting individual stocks. Strategic choices can be instrumental in accelerating your wealth.
As of close of business last night, Myomo Inc’s stock clocked out at $6.09, up 1.67% from its previous closing price of $5.99. In other words, the price has increased by $1.67 from its previous closing price. On the day, 0.58 million shares were traded. MYO stock price reached its highest trading level at $6.21 during the session, while it also had its lowest trading level at $5.975.
Ratios:
To gain a deeper understanding of MYO’s stock, we examine its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 1.62 and its Current Ratio is at 2.10. In the meantime, Its Debt-to-Equity ratio is 0.02 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 this company, Craig Hallum on July 31, 2024, initiated with a Buy rating and assigned the stock a target price of $7.
On May 20, 2024, Lake Street started tracking the stock assigning a Buy rating and 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.H.C. Wainwright initiated its Buy rating on December 15, 2023, with a $6.50 target price.
Insider Transactions:
Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on Nov 04 ’24 when Harry Kovelman bought 121 shares for $3.70 per share.
Harry Kovelman bought 121 shares of MYO for $467 on Oct 03 ’24. On Sep 05 ’24, another insider, Kovelman Harry, who serves as the Chief Medical Officer of the company, sold 6,700 shares for $3.76 each. As a result, the insider received 25,183 and left with 123,556 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 205208032 and an Enterprise Value of 177809296. For the stock, the TTM Price-to-Sale (P/S) ratio is 8.02 while its Price-to-Book (P/B) ratio in mrq is 19.82. Its current Enterprise Value per Revenue stands at 7.045 whereas that against EBITDA is -21.547.
Stock Price History:
The Beta on a monthly basis for MYO is 1.68, which has changed by 0.7880597 over the last 52 weeks, in comparison to a change of 0.24359846 over the same period for the S&P500. Over the past 52 weeks, MYO has reached a high of $7.17, while it has fallen to a 52-week low of $2.51. The 50-Day Moving Average of the stock is 5.00%, while the 200-Day Moving Average is calculated to be 41.51%.
Shares Statistics:
It appears that MYO traded 314.95K shares on average per day over the past three months and 547430 shares per day over the past ten days. A total of 33.25M shares are outstanding, with a floating share count of 31.09M. Insiders hold about 6.48% of the company’s shares, while institutions hold 46.85% stake in the company. Shares short for MYO as of 1735603200 were 686168 with a Short Ratio of 2.18, compared to 1732838400 on 779336. Therefore, it implies a Short% of Shares Outstanding of 686168 and a Short% of Float of 2.11.
