A share price of Myomo Inc [MYO] is currently trading at $4.07, up 41.81%. An important factor to consider is whether the stock is rising or falling in short-term value. The MYO shares have gain 26.79% over the last week, with a monthly amount glided 16.62%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Myomo Inc [AMEX: MYO] stock has seen the most recent analyst activity on May 20, 2024, when Lake Street initiated its Buy rating and assigned the stock a price target of $7. Previously, H.C. Wainwright started tracking the stock with Buy rating on December 15, 2023, and set its price target to $6.50. On November 11, 2020, upgrade upgraded it’s rating to Buy and revised its price target to $7 on the stock. Dougherty & Company started tracking the stock assigning a Buy rating and suggested a price target of $8.50 on May 27, 2020. H.C. Wainwright initiated its recommendation with a Buy and recommended $12 as its price target on October 02, 2017.
Myomo Inc experienced fluctuations in its stock price throughout the past year between $0.50 and $5.58. Currently, Wall Street analysts expect the stock to reach $7 within the next 12 months. Myomo Inc [AMEX: MYO] shares were valued at $4.07 at the most recent close of the market. An investor can expect a potential return of 71.99% based on the average MYO price forecast.
Analyzing the MYO fundamentals
Trailing Twelve Months sales for Myomo Inc [AMEX:MYO] were 19.55M which represents 8.93% growth. Gross Profit Margin for this corporation currently stands at 0.67% with Operating Profit Margin at -0.48%, Pretax Profit Margin comes in at -0.47%, and Net Profit Margin reading is -0.48%. To continue investigating profitability, this company’s Return on Assets is posted at -0.57, Equity is -0.94 and Total Capital is -0.86. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.04.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 3.41 points at the first support level, and at 2.74 for the second support level. However, for the 1st resistance point, the stock is sitting at 4.44, and for the 2nd resistance point, it is at 4.80.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Myomo Inc [AMEX:MYO] is 2.83. On the other hand, the Quick Ratio is 2.40, and the Cash Ratio is 0.98. Considering the valuation of this stock, the price to sales ratio is 6.00, the price to book ratio is 10.75.
Transactions by insiders
Recent insider trading involved KIRK THOMAS F, Director, that happened on May 29 ’24 when 50000.0 shares were purchased. Chief Medical Officer, Kovelman Harry completed a deal on May 15 ’24 to sell 35426.0 shares. Meanwhile, Director KIRK THOMAS F bought 50000.0 shares on Mar 14 ’24.
