Myomo Inc [AMEX: MYO] traded at a high on Tuesday, posting a 14.25 gain after which it closed the day’ session at $4.65.
The results of the trading session contributed to over 3680023 shares changing hands. Over the past one week, the price volatility of Myomo Inc stands at 15.78% while the volatility over the past one month is 8.10%.
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The market cap for MYO stock reached $133.97 million, with 27.14 million shares outstanding and 25.65 million shares in the current float. Compared to the average trading volume of 299.90K shares, MYO reached a trading volume of 3680023 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus say about Myomo Inc [MYO]?
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for MYO shares is $6.70 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on MYO stock is a recommendation set at 1.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Lake Street have made an estimate for Myomo Inc shares, keeping their opinion on the stock as Buy, with their previous recommendation back on May 20, 2024. While these analysts kept the previous recommendation, H.C. Wainwright raised their target price to Buy. The new note on the price target was released on December 15, 2023, representing the official price target for Myomo Inc stock. Previously, the target price had yet another raise from $5 to $7, while ROTH Capital kept a Buy rating on MYO stock.
The Average True Range (ATR) for Myomo Inc is set at 0.33, with the Price to Sales ratio for MYO stock in the period of the last 12 months amounting to 6.85. The Price to Book ratio for the last quarter was 12.28, with the Price to Cash per share for the same quarter was set at 0.38.
How has MYO stock performed recently?
Myomo Inc [MYO] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 50.97. With this latest performance, MYO shares gained by 32.48% in over the last four-week period, additionally sinking by -1.90% over the last 6 months – not to mention a rise of 507.84% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for MYO stock in for the last two-week period is set at 72.82, with the RSI for the last a single of trading hit 79.90, and the three-weeks RSI is set at 67.49 for Myomo Inc [MYO]. The present Moving Average for the last 50 days of trading for this stock 3.50, while it was recorded at 3.44 for the last single week of trading, and 3.16 for the last 200 days.
Myomo Inc [MYO]: Deeper insight into the fundamentals
Myomo Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 2.40 and a Current Ratio set at 2.83.
Earnings analysis for Myomo Inc [MYO]
The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for MYO. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Myomo Inc go to -0.47%.
Insider trade positions for Myomo Inc [MYO]
The top three institutional holders of MYO stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.5034%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $178.43 billion in MYO stocks shares; and BERKSHIRE HATHAWAY INC, currently with $135.36 billion in MYO stock with ownership which is approximately 5.1238%.
