Myomo Inc (AMEX: MYO)’s stock price has gone rise by 3.66 in comparison to its previous close of 6.83, however, the company has experienced a 14.94% increase in its stock price over the last five trading days. marketbeat.com reported 2024-12-17 that As 2025 approaches, several promising micro-cap stocks are gaining attention for their potential to disrupt key industries. These companies, though small in market size, are making significant strides with innovative technologies and strategic advancements.
Is It Worth Investing in Myomo Inc (AMEX: MYO) Right Now?
Moreover, the 36-month beta value for MYO is 1.69. Analysts have varying opinions on the stock, with 4 analysts rating it as a “buy,” 2 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for MYO is 30.88M and currently, short sellers hold a 2.37% of that float. On January 07, 2025, MYO’s average trading volume was 248.42K shares.
MYO’s Market Performance
MYO stock saw an increase of 14.94% in the past week, with a monthly gain of 19.00% and a quarterly increase of 86.32%. The volatility ratio for the week is 6.41%, and the volatility levels for the last 30 days are 7.50% for Myomo Inc (MYO). The simple moving average for the last 20 days is 12.17% for MYO’s stock, with a simple moving average of 69.77% for the last 200 days.
Analysts’ Opinion of MYO
Many brokerage firms have already submitted their reports for MYO stocks, with Craig Hallum repeating the rating for MYO by listing it as a “Buy.” The predicted price for MYO in the upcoming period, according to Craig Hallum is $7 based on the research report published on July 31, 2024 of the previous year 2024.
Lake Street, on the other hand, stated in their research note that they expect to see MYO reach a price target of $7. The rating they have provided for MYO stocks is “Buy” according to the report published on May 20th, 2024.
H.C. Wainwright gave a rating of “Buy” to MYO, setting the target price at $6.50 in the report published on December 15th of the previous year.
MYO Trading at 31.59% 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 able to rebound, for now settling with 1.29% of gains for the given period.
Volatility was left at 7.50%, however, over the last 30 days, the volatility rate increased by 6.41%, as shares surge +17.61% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +87.80% upper at present.
During the last 5 trading sessions, MYO rose by +14.94%, which changed the moving average for the period of 200-days by +96.12% in comparison to the 20-day moving average, which settled at $6.31. In addition, Myomo Inc saw 9.94% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at MYO starting from Harry Kovelman, who proposed sale 121 shares at the price of $3.70 back on Nov 04 ’24. After this action, Harry Kovelman now owns shares of Myomo Inc, valued at $448 using the latest closing price.
Harry Kovelman, the Officer of Myomo Inc, proposed sale 121 shares at $3.86 during a trade that took place back on Oct 03 ’24, which means that Harry Kovelman is holding shares at $467 based on the most recent closing price.
Stock Fundamentals for MYO
Current profitability levels for the company are sitting at:
- -0.33 for the present operating margin
- 0.7 for the gross margin
The net margin for Myomo Inc stands at -0.33. The total capital return value is set at -0.9. Equity return is now at value -82.54, with -50.25 for asset returns.
Currently, EBITDA for the company is -7.71 million with net debt to EBITDA at 0.79. When we switch over and look at the enterprise to sales, we see a ratio of 9.05. The receivables turnover for the company is 6.77for trailing twelve months and the total asset turnover is 1.55. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.10.
Conclusion
To wrap up, the performance of Myomo Inc (MYO) has been better in recent times. The stock has received a bullish of “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
