Mynaric AG ADR [NASDAQ: MYNA] gained 52.59% or 0.33 points to close at $0.96 with a heavy trading volume of 11412554 shares.
The daily chart for MYNA points out that the company has recorded -75.83% loss over the past six months.
If we look at the average trading volume of 607.82K shares, MYNA reached to a volume of 11412554 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying about Mynaric AG ADR [MYNA]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for MYNA shares is $0.21 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on MYNA stock is a recommendation set at 5.00. 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.
Credit Suisse have made an estimate for Mynaric AG ADR shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on October 12, 2022. While these analysts kept the previous recommendation, Jefferies raised their target price to Buy. The new note on the price target was released on December 07, 2021, representing the official price target for Mynaric AG ADR stock. Previously, the target price had yet another raise to $40, while Canaccord Genuity analysts kept a Buy rating on MYNA stock.
The Average True Range (ATR) for Mynaric AG ADR is set at 0.16, with the Price to Sales ratio for MYNA stock in the period of the last 12 months amounting to 4.11.
Trading performance analysis for MYNA stock
Mynaric AG ADR [MYNA] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 128.85. With this latest performance, MYNA shares dropped by -30.78% in over the last four-week period, additionally sinking by -75.83% over the last 6 months – not to mention a drop of -85.04% 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 MYNA stock in for the last two-week period is set at 57.86, with the RSI for the last a single of trading hit 15.42, and the three-weeks RSI is set at 21.33 for Mynaric AG ADR [MYNA]. The present Moving Average for the last 50 days of trading for this stock 33.9309, while it was recorded at 0.5986 for the last single week of trading, and 117.3476 for the last 200 days.
Mynaric AG ADR [MYNA]: A deeper dive into fundamental analysis
Mynaric AG ADR’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.44 and a Current Ratio set at 0.74.
An analysis of Institutional ownership at Mynaric AG ADR [MYNA]
The top three institutional holders of MYNA stocks are: ARK INVESTMENT MANAGEMENT LLC with ownership of 0.49 million shares, which is approximately 8.0896%. MOORE CAPITAL MANAGEMENT, LP, holding 0.33 million shares of the stock with an approximate value of $$1.33 million in MYNA stocks shares; and MOORE CAPITAL MANAGEMENT, LP, currently with $$88586.0 in MYNA stock with ownership which is approximately 0.3775%.
