Myomo Inc (AMEX: MYO) has experienced a rise in its stock price by 13.12 compared to its previous closing price of 2.82. However, the company has seen a gain of 7.41% in its stock price over the last five trading days. Seeking Alpha reported 2024-03-10 that Medicare decision created a multi-decade revenue growth opportunity. Soft Q1 guidance due to non-recurring timing issues. 2024 guidance gives only partial-year credit to reimbursement change.
Is It Worth Investing in Myomo Inc (AMEX: MYO) Right Now?
Company’s 36-month beta value is 1.55.Analysts have differing opinions on the stock, with 1 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for MYO is 22.04M, and currently, short sellers hold a 3.19% ratio of that floaft. The average trading volume of MYO on April 22, 2024 was 333.84K shares.
MYO’s Market Performance
MYO’s stock has seen a 7.41% increase for the week, with a -11.88% drop in the past month and a -19.24% fall in the past quarter. The volatility ratio for the week is 11.42%, and the volatility levels for the past 30 days are at 7.96% for Myomo Inc The simple moving average for the past 20 days is 2.15% for MYO’s stock, with a 31.94% simple moving average for the past 200 days.
Analysts’ Opinion of MYO
Many brokerage firms have already submitted their reports for MYO stocks, with H.C. Wainwright repeating the rating for MYO by listing it as a “Buy.” The predicted price for MYO in the upcoming period, according to H.C. Wainwright is $6.50 based on the research report published on December 15, 2023 of the previous year 2023.
ROTH Capital, on the other hand, stated in their research note that they expect to see MYO reach a price target of $7, previously predicting the price at $5. The rating they have provided for MYO stocks is “Buy” according to the report published on November 11th, 2020.
Dougherty & Company gave a rating of “Buy” to MYO, setting the target price at $8.50 in the report published on May 27th of the previous year.
MYO Trading at -3.39% from the 50-Day Moving Average
After a stumble in the market that brought MYO to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -42.83% of loss for the given period.
Volatility was left at 7.96%, however, over the last 30 days, the volatility rate increased by 11.42%, as shares sank -11.63% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -12.84% lower at present.
During the last 5 trading sessions, MYO rose by +7.41%, which changed the moving average for the period of 200-days by +414.60% in comparison to the 20-day moving average, which settled at $3.10. In addition, Myomo Inc saw -36.33% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at MYO starting from KIRK THOMAS F, who purchase 50,000 shares at the price of $3.50 back on Mar 14 ’24. After this action, KIRK THOMAS F now owns 186,499 shares of Myomo Inc, valued at $175,000 using the latest closing price.
KIRK THOMAS F, the Director of Myomo Inc, purchase 50,000 shares at $3.10 during a trade that took place back on Nov 20 ’23, which means that KIRK THOMAS F is holding 136,499 shares at $155,000 based on the most recent closing price.
Stock Fundamentals for MYO
Current profitability levels for the company are sitting at:
- -0.43 for the present operating margin
- 0.69 for the gross margin
The net margin for Myomo Inc stands at -0.42. The total capital return value is set at -0.9. Equity return is now at value -106.17, with -65.86 for asset returns.
Based on Myomo Inc (MYO), the company’s capital structure generated 0.06 points at debt to capital in total, while cash flow to debt ratio is standing at -10.27. The debt to equity ratio resting at 0.07. The interest coverage ratio of the stock is 158.67.
Currently, EBITDA for the company is -7.71 million with net debt to EBITDA at 0.8. When we switch over and look at the enterprise to sales, we see a ratio of 4.4. The receivables turnover for the company is 8.08for trailing twelve months and the total asset turnover is 1.32. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.49.
Conclusion
In a nutshell, Myomo Inc (MYO) has experienced a mixed performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
