As of close of business last night, Myomo Inc’s stock clocked out at $3.65, up 14.42% from its previous closing price of $3.19. In other words, the price has increased by $+0.4600 from its previous closing price. On the day, 531602 shares were traded. MYO stock price reached its highest trading level at $3.8100 during the session, while it also had its lowest trading level at $3.2400.
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 2.16 and its Current Ratio is at 2.49. In the meantime, Its Debt-to-Equity ratio is 0.07 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, H.C. Wainwright on December 15, 2023, initiated with a Buy rating and assigned the stock a target price of $6.50.
On November 11, 2020, ROTH Capital Upgraded its rating to Buy which previously was Neutral and also upped its target price recommendation from $5 to $7.
On May 27, 2020, Dougherty & Company started tracking the stock assigning a Buy rating and target price of $8.50.Dougherty & Company initiated its Buy rating on May 27, 2020, with a $8.50 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 20 ’23 when KIRK THOMAS F bought 50,000 shares for $3.10 per share. The transaction valued at 155,000 led to the insider holds 136,499 shares of the business.
Morris Milton Mayo bought 15,000 shares of MYO for $15,867 on Sep 08 ’23. The Director now owns 77,933 shares after completing the transaction at $1.06 per share. On Aug 30 ’23, another insider, GUDONIS PAUL R, who serves as the Chief Executive Officer of the company, bought 48,400 shares for $0.74 each. As a result, the insider paid 36,039 and bolstered with 878,245 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 88.91M and an Enterprise Value of 78.50M. For the stock, the TTM Price-to-Sale (P/S) ratio is 5.03 while its Price-to-Book (P/B) ratio in mrq is 11.02. Its current Enterprise Value per Revenue stands at 4.08 whereas that against EBITDA is -10.18.
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 $0.37. The 50-Day Moving Average of the stock is 3.7408, while the 200-Day Moving Average is calculated to be 2.0315.
Shares Statistics:
It appears that MYO traded 571.19K shares on average per day over the past three months and 446.35k shares per day over the past ten days. A total of 27.14M shares are outstanding, with a floating share count of 20.09M. Insiders hold about 24.22% of the company’s shares, while institutions hold 36.32% stake in the company. Shares short for MYO as of Feb 15, 2024 were 549.54k with a Short Ratio of 0.96, compared to 533.21k on Jan 12, 2024. Therefore, it implies a Short% of Shares Outstanding of 1.97% and a Short% of Float of 2.01%.
Earnings Estimates
As of right now, 5 analysts gave their recommendation on the stock of the company. On average, analysts expect EPS of -$0.08 for the current quarter, with a high estimate of -$0.05 and a low estimate of -$0.1, while EPS last year was -$0.11. The consensus estimate for the next quarter is -$0.06, with high estimates of -$0.03 and low estimates of -$0.09.
Analysts are recommending an EPS of between -$0.15 and -$0.2 for the fiscal current year, implying an average EPS of -$0.18. EPS for the following year is -$0.02, with 4 analysts recommending between $0.09 and -$0.09.
Revenue Estimates
In the current quarter, 5 analysts expect revenue to total $4.28M. It ranges from a high estimate of $5.31M to a low estimate of $3.8M. As of the current estimate, Myomo Inc’s year-ago sales were $3.45M, an estimated increase of 24.20% from the year-ago figure. For the next quarter, 5 analysts are estimating revenue of $5.69M, an increase of 1.10% less than the figure of $24.20% in the same quarter last year. There is a high estimate of $6.2M for the next quarter, whereas the lowest estimate is $5.31M.
A total of 5 analysts have provided revenue estimates for MYO’s current fiscal year. The highest revenue estimate was $28.7M, while the lowest revenue estimate was $20.6M, resulting in an average revenue estimate of $25.61M. In the same quarter a year ago, actual revenue was $19.24M, up 33.10% from the average estimate. Based on 4 analysts’ estimates, the company’s revenue will be $36.36M in the next fiscal year. The high estimate is $46.9M and the low estimate is $27.84M. The average revenue growth estimate for next year is up 42.00% from the average revenue estimate for this year.
