Myomo Inc [AMEX: MYO] closed the trading session at $6.92.
The stocks have a year to date performance of 7.45 percent and weekly performance of 7.45 percent. The stock has been moved at 38.40 percent over the last six months. The stock has performed 14.95 percent around the most recent 30 days and changed 76.08 percent over the most recent 3-months.
If compared to the average trading volume of 283.94K shares, MYO reached to a volume of 405232 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to 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 $7.67 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.
Craig Hallum have made an estimate for Myomo Inc shares, keeping their opinion on the stock as Buy, with their previous recommendation back on July 31, 2024. While these analysts kept the previous recommendation, Lake Street raised their target price to Buy. The new note on the price target was released on May 20, 2024, representing the official price target for Myomo Inc stock. Previously, the target price had yet another raise to $6.50, while H.C. Wainwright analysts kept a Buy rating on MYO stock. On November 11, 2020, analysts increased their price target for MYO shares from 5 to 7.
The Average True Range (ATR) for Myomo Inc is set at 0.41, with the Price to Sales ratio for MYO stock in the period of the last 12 months amounting to 9.12. The Price to Book ratio for the last quarter was 22.52, with the Price to Cash per share for the same quarter was set at 0.20.
MYO stock trade performance evaluation
Myomo Inc [MYO] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 7.45. With this latest performance, MYO shares gained by 14.95% in over the last four-week period, additionally plugging by 38.40% over the last 6 months – not to mention a rise of 39.24% 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 68.95, with the RSI for the last a single of trading hit 70.93, and the three-weeks RSI is set at 67.73 for Myomo Inc [MYO]. The present Moving Average for the last 50 days of trading for this stock 5.44, while it was recorded at 6.76 for the last single week of trading, and 4.19 for the last 200 days.
Myomo Inc [MYO]: An insightful look at the core fundamentals
Myomo Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.62 and a Current Ratio set at 2.10.
Earnings per share (EPS) analysis for Myomo Inc [MYO] stock
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%.
Myomo Inc [MYO]: Institutional Ownership
There are presently around $46.24%, or 48.98%% of MYO stock, in the hands of institutional investors. The top three institutional holders of MYO stocks are: AIGH CAPITAL MANAGEMENT LLC with ownership of 2.92 million shares, which is approximately 7.9396%. HERR INVESTMENT GROUP LLC, holding 2.85 million shares of the stock with an approximate value of $$9.14 million in MYO stocks shares; and HERR INVESTMENT GROUP LLC, currently with $$8.55 million in MYO stock with ownership which is approximately 7.2512%.
