Mynaric AG ADR (NASDAQ: MYNA)’s stock price has gone decline by -10.02 in comparison to its previous close of 0.50, however, the company has experienced a -68.81% decrease in its stock price over the last five trading days. prnewswire.com reported 2024-12-09 that NEW YORK, Dec. 9, 2024 /PRNewswire/ — Pomerantz LLP announces that a class action lawsuit has been filed against Mynaric AG (“Mynaric” or the “Company”) (NASDAQ: MYNA) and certain officers. The class action, filed in the United States District Court for the Eastern District Of New York, and docketed under 24-cv-07602 is on behalf of a class consisting of all persons and entities other than Defendants that purchased or otherwise acquired Mynaric securities between June 20, 2024 and October 7, 2024, both dates inclusive (the “Class Period”), seeking to recover damages caused by Defendants’ violations of the federal securities laws and to pursue remedies under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 (the “Exchange Act”) and Rule 10b-5 promulgated thereunder, against the Company and certain of its top officials.
Is It Worth Investing in Mynaric AG ADR (NASDAQ: MYNA) Right Now?
The 36-month beta value for MYNA is also noteworthy at 1.46. There are mixed opinions on the stock, with 1 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
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The average trading volume of MYNA on December 10, 2024 was 222.30K shares.
MYNA’s Market Performance
MYNA’s stock has seen a -68.81% decrease for the week, with a -68.37% drop in the past month and a -31.94% fall in the past quarter. The volatility ratio for the week is 32.08%, and the volatility levels for the past 30 days are at 13.24% for Mynaric AG ADR. The simple moving average for the past 20 days is -65.68% for MYNA’s stock, with a -86.22% simple moving average for the past 200 days.
Analysts’ Opinion of MYNA
Many brokerage firms have already submitted their reports for MYNA stocks, with Credit Suisse repeating the rating for MYNA by listing it as a “Outperform.” The predicted price for MYNA in the upcoming period, according to Credit Suisse is $10 based on the research report published on October 12, 2022 of the previous year 2022.
Jefferies, on the other hand, stated in their research note that they expect to see MYNA reach a price target of $23. The rating they have provided for MYNA stocks is “Buy” according to the report published on December 07th, 2021.
Canaccord Genuity gave a rating of “Buy” to MYNA, setting the target price at $40 in the report published on November 23rd of the previous year.
MYNA Trading at -66.33% from the 50-Day Moving Average
After a stumble in the market that brought MYNA to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -94.07% of loss for the given period.
Volatility was left at 13.24%, however, over the last 30 days, the volatility rate increased by 32.08%, as shares sank -99.21% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -99.21% lower at present.
During the last 5 trading sessions, MYNA fell by -99.22%, which changed the moving average for the period of 200-days by -99.78% in comparison to the 20-day moving average, which settled at $42.1204. In addition, Mynaric AG ADR saw -92.31% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for MYNA
Current profitability levels for the company are sitting at:
- -15.02 for the present operating margin
- -6.19 for the gross margin
The net margin for Mynaric AG ADR stands at -17.52. The total capital return value is set at -1.81.
Based on Mynaric AG ADR (MYNA), the company’s capital structure generated 4.65 points at debt to capital in total, while cash flow to debt ratio is standing at -0.55. The debt to equity ratio resting at -1.27. The interest coverage ratio of the stock is -5.03.
Currently, EBITDA for the company is -71.08 million with net debt to EBITDA at -0.91. When we switch over and look at the enterprise to sales, we see a ratio of 13.79. The receivables turnover for the company is 2.71for trailing twelve months and the total asset turnover is 0.04. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.74.
Conclusion
In summary, Mynaric AG ADR (MYNA) has had a bad performance as of late. Analysts have bullish opinions on the stock, with some viewing it as a “buy” and others as a “hold”. 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.
